Meridien Holdings (OTCMKTS:OMRDH), a US holding company specializing in global payments, CRM and banking, has announced that it will acquire a 27% stake in London-based fintech firm DKK Partners.
The funding will enable DKK, which focuses on emerging markets (EM) and foreign exchange (FX), to continue the company’s global expansion. DKK Partners was founded in 2020 by banking veterans Dominic Duru (pictured top right), formerly of RBS and Citi, and Khalid Talukder (pictured top left), formerly of UBS, Citi and Deutsche Bank.
DKK has seen its flow grow to $1.3 billion in transactions in the last year, with EBITDA reaching $2 million with a 150% CAGR in the last year. The company has also opened dedicated offices in all key markets including London, Dubai, Ghana, Nigeria, Cameroon and Senegal.
As part of the agreement, Meridien Holdings and DKK Partners have forged a strategic alliance to complement its business plans by securing global payments, acquisitions, banking and foreign exchange liquidity capabilities. The deal will include DKK’s acquisition of Meridien shares alongside a multi-million dollar cash injection to enable rapid expansion.
Earlier this year, DKK partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to enable transparent and efficient transactions for global financial institutions. The company has also received initial approval from the Dubai Virtual Asset Regulatory Authority (VARA) to offer Virtual Asset Broker (VASP) Services.
The parties stated that their strategic objective is to acquire and consolidate financial regulated institutions in multiple geographies, creating a seamless transfer of value in the Meridien ecosystem, combining both TradFi and DeFi.
Khalid Talukder, co-founder of DKK Partners said:
“This is a pivotal time for our business and it is a real honor to partner with Meridien as we enter the next phase of our growth. Both businesses share values and a commitment to excellence, and we are excited to be working to create a truly disruptive global brand that will redefine the payments industry.”
Erik Lara Riveros, CEO of Meridien Holdings said:
“DKK has an incredible growth story, a fantastic customer base and a scalable business model, combined with a strategic partnership with Seed Group, make it a game changer for VASP in the region. The partnership with DKK, combined with other acquisitions of listed and regulated financial institutions, is ideal for Meridien as it prepares to list on the NYSE, driving its goal of creating a revolutionary business model in the global payments, banking and correspondents. Services.”
About DKK Partners
Founded in 2020 by Dominic Duru and Khalid Talukder, DKK Partners is a foreign exchange liquidity provider with a focus on emerging markets (EM). The company develops strategies and methodologies that help companies and institutions manage currency risk more effectively and develop sharp prices. DKK focuses on three main areas: foreign exchange risk management, foreign exchange liquidity and local collections. Dubai World Trade Center (DWTC)-based subsidiary DKK Partners FZE recently received Initial Approval from the Dubai Virtual Asset Regulatory Authority (VARA) to provide Virtual Asset Intermediary Services.