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Trading
Digital Investment Group Limited
Developing and investing in technology that disrupts existing markets
INDUSTRY
Technology
STATUS
Trading
OPEN TO
Public
Investment Highlights
Leader in Digital Identity Verification: A government-accredited provider of digital identity solutions, serving major clients like RACV, Virgin Australia, and ANU.
Focused on High-Growth Tech Solutions: Specializing in SaaS-based background and compliance checks, leveraging AI to streamline verification processes.
Strategic Business Transformation: Successfully restructured by selling non-core assets to focus on digital identity services and long-term growth.
Proven Industry Expertise: Led by experienced executives with a track record in scaling technology-driven businesses and securing blue-chip clients.
Company Overview
Digital Investment Group is an innovative and agile Melbourne based company with the capability of building outstanding Apps, Websites or bespoke software platforms for our clients. The team pride themselves on creating unique concepts that truly impress visually and functionally for the end user.
The evolution of DIG has allowed it to provide an environment for those with an entrepreneurial flair to bring their creative ideas to life. They can take an idea from the conception stage through to investment and successful commercialisation. DIG believes in innovation and has a mindset that embraces the passion and ambition of those with a vision to apply new thinking to current methods.
DIG has created a number of platforms and applications to solve everyday business problems with solutions that have been first to market or have significantly improved current processes.
Looking Ahead: Next Quarter Plans
The balance of FY25, and particularly Q4, is set to be pivotal for DIG and the Makesure business as both need to execute on several key initiatives in the period to 30 June 2025. Those plans include:
- New Client Starts: Makesure has signed a number of new clients over recent months which it expects will contribute strongly in future years to the on-going recurring revenue base of the Makesure business. Our aim is to onboard the new clients as early as possible in Q3 or Q4.
- Entry into the Digital Identity Market: Ratify ID is making strategic moves into the digital identity space, leveraging its digital identity products in order to offer innovative solutions in this growing market sector. Initial product roadmap and partnership discussions are advancing, setting the stage for an exciting new revenue stream.
A significant new appointment:
The Board is pleased to announce that, from July 1, 2024 Rob Wallace will assume the role of Chief Executive Officer of the Digital Investment Group. Rob is currently the Managing Director of the Makesure Group and a significant shareholder of DIG.
The current CEO, Steve Prideaux will transition to a new position of Chief Operating Officer and will work closely with Rob throughout the remaining months of 2024 to ensure a smooth transition. Steve will also continue to serve as a Board Member.
The Company is excited about the growth opportunities available to it through the Digital Identity Platform and is confident that Rob, who is a highly skilled and trusted operator, will add significant value to the Group in his new role.
Makesure's digital identity system (RatifyID), which is fully licensed and accredited with the Federal Government, is now fully up and running. Its client portal has also passed all security and fraud assessments by the Federal Government.
The Digital ID legislation, which will govern how RatifyID operates, was formally enacted by Federal Parliament earlier this month and is expected to be fully operative in November 2024. Katy Gallagher, the Federal Minister for Finance, declared on the ABC that no more than ten providers are likely to be given accreditation under the legislation, with Makesure (RatifyID) being one of five already accredited digital ID providers. As the next licences are unlikely to granted for at least 18 months, RatifyID will have a significant head start on other potential entrants into this important sector.
Under the framework legislation, the ACCC will be the regulator appointed to oversee the digital ID sector and all approved licensees. It is to the great credit of Makesure that its accreditation documentation was selected by ACCC to assist it in learning and fully understanding the requirements of accreditation. While all existing licensees are currently being re-accredited by ACCC to ensure that they meet the requirements of the new legislation, Makesure is very confident its RatifyID product will satisfy any and all ACCC requirements.
While the above is taking place, Makesure is already undertaking preliminary talks with various organisations, software as a service businesses and industry bodies regarding the adoption of RatifyID.
For shareholders, If you have not already download the RatifyID app and set up your RatifyID from the Apple App Store or the Google Play store, please do so now in readiness for the new regulations.
Makesure / Ratify
The existing core identification, background, health and compliance checking businesses conducted under the Makesure and Ratify brands are now expanding again. There is a steady stream of new additional clients, with the new clients include:
- Surf Coast Shire Council
- Hanson Australia
- AMA Group
- Parliament of Victoria
- Bucher Municipal
- BOC
- Enviroco Australia
- AIM Recruitment Solutions
- Collective Maintenance Services
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