Meridien acquires 27% stake in DKK Partners
finextra.comFounded in 2020 by banking industry veterans Dominic Duru, previously of RBS and Citi, and Khalid Talukder, previously of UBS, Citi & Deutsche Bank, DKK specialises in emerging markets (EM) and foreign exchange (FX) liquidity.
The firm last raised a £3 million pre-seed round in September last year at a pre-money valuation of £100 million.
DKK has seen its flow rise to $1.3 billion in transactions in the last year with Ebitda reaching an impressive $2 million. The firm has also opened dedicated offices across all key markets, including London, Dubai, Ghana, Nigeria, Cameroon and Senegal.
Earlier this year, DKK received initial approval from the Dubai Virtual Assets Regulatory Authority (VARA) to offer Virtual Asset Broker Dealer Services.
As part of the deal Meridien Holdings will help the firm to scale up its operations by supplying complementatary technology to help drive efficiency and distribution of its products and services.
