DKK
Partners, a fintech firm specializing in emerging markets and foreign exchange
liquidity, has announced that Meridien Holdings, a US company focused on global
payments, CRM, and banking, will acquire a 27% stake in the company.
Fintech DKK Partners
Receives Strategic Investment from Meridien Holdings
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 agreement, 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.
“This
is a pivotal moment for our business, and it’s a real honor to partner with
Meridien as we enter our next phase of growth. Both businesses have shared
values and a commitment to excellence,” Khalid Talukder, the co-founder of DKK
Partners, commented on the deal. “We’re thrilled to be working to build a truly
disruptive global brand that will redefine the payments industry.”
The
investment follows DKK Partners’ recent partnership with the Seed Group, a
company of the Private Office of 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.
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 decentralized finance elements.
“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,” Erik Lara Riveros, CEO of Meridien Holdings,
added. “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.”
DKK
Partners, a fintech firm specializing in emerging markets and foreign exchange
liquidity, has announced that Meridien Holdings, a US company focused on global
payments, CRM, and banking, will acquire a 27% stake in the company.
Fintech DKK Partners
Receives Strategic Investment from Meridien Holdings
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 agreement, 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.
“This
is a pivotal moment for our business, and it’s a real honor to partner with
Meridien as we enter our next phase of growth. Both businesses have shared
values and a commitment to excellence,” Khalid Talukder, the co-founder of DKK
Partners, commented on the deal. “We’re thrilled to be working to build a truly
disruptive global brand that will redefine the payments industry.”
The
investment follows DKK Partners’ recent partnership with the Seed Group, a
company of the Private Office of 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.
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 decentralized finance elements.
“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,” Erik Lara Riveros, CEO of Meridien Holdings,
added. “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.”
This post is originally published on FINANCEMAGNATES.