Nasdaq-listed blockchain platform Diginex has closed a $6 million Series A funding round led by Fitch Ventures, the equity investment arm of Fitch Group. According to a press release published on 29 July, the latest funding round brings the total amount raised by the company to over $8 million.
Founded in 2017, Diginex has seen immense growth over the past couple of years, partnering with organizations such as Microsoft, Coca-Cola, the U.S. State Department, the World Economic Forum, and the United Nations. Earlier this year, the company launched its DiginexESG platform to meet investor demand when it comes to sustainability reporting.
Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations used by investors to screen potential investments and acquisitions. By using the latest innovations such as blockchain technology and AI to manage and validate data, Diginex makes ESG reporting more affordable and accessible to companies of all sizes.
Andrew Steel, the Global Group Head of Sustainable Finance at Fitch Group, said the rapid growth the ESG market has seen made it hard to implement industry-wide standards.
“Diginex’s product platform is a significant market enabler for companies seeking to gather, manage and disclose ESG data and for investors seeking better quality consistent ESG information,” he said in the release.