DKK Partners Receive Investment from Meridien Holdings
London-based DKK Partners, a fintech firm specialising in emerging markets and foreign exchange liquidity, on Thursday announced that Meridien Holdings, a US company focused on global payments, CRM, and banking, will acquire a 27% stake in the company.
The funding will allow DKK, which specialises in emerging markets (EM) and foreign exchange (FX) liquidity, to continue the firm’s global expansion.
The investment comes as Meridien Holdings sets forth plans to list on the New York Stock Exchange (NYSE). The US firm is making several strategic acquisitions to bolster its capabilities, with the stake in DKK Partners being a key component of this strategy.
Founded in 2020, DKK Partners has offices in London, Dubai, and several African countries, including Ghana, Nigeria, Cameroon, and Senegal. The company has reported significant growth, with transaction flows rising to $1.3 billion in the last year and EBITDA reaching $2 million, representing a 150% compound annual growth rate.
As part of the deal, DKK Partners will receive shares in Meridien Holdings alongside a multimillion-dollar cash injection. The two companies have formed a strategic alliance aimed at complementing their business plans by securing global payment, acquiring, banking, and FX liquidity capabilities.
Pivotal Moment
DKK Partners Co-founder Khalid Talukder said that this is a pivotal moment for their business, and it was a real honour to partner with Meridien as the company enter the next phase of growth.
“Both businesses have shared values and a commitment to excellence and we are thrilled to be working to build a truly disruptive global brand that will redefine the payments industry,” Talukder added.
The investment follows DKK Partners’ recent partnership with the Seed Group, the UAE company of the Private Office of H H Sheikh Saeed bin Ahmed Al Maktoum, to facilitate transactions for global financial institutions. DKK Partners has also received initial approval from the Dubai Virtual Assets Regulatory Authority (VARA) to offer Virtual Asset Broker Dealer Services.
The strategic objective is to acquire and aggregate financially regulated institutions across multiple geographies creating a seamless transfer of value across the Meridien ecosystem combining both TradFi and DeFi.
Meridien Holdings’ strategic objective is to acquire and aggregate financially regulated institutions across multiple geographies, creating a transfer of value across its ecosystem, combining both traditional and decentralised finance elements.
Meridien Holdings CEO Erik Lara Riveros said that DKK has an incredible growth story, a fantastic customer base, and a scalable business model, alongside a strategic partnership with Seed Group, makes them a game changing VASP in the region.
“The partnership with DKK, in conjunction with our other acquisitions of listed and regulated financial institutions, is perfect for Meridien and its preparation to list on the NYSE driving the goal of creating a revolutionary business model in the industry of global payments, banking and correspondent services,” Riveros added.
