Meridien, a US holding company which specialises in the global payments, CRM and banking Industry has acquired a 27 per cent stake in DKK Partners.

Founded in 2020, DKK Partners is a FinTech firm that specialises in emerging markets (EM) and foreign exchange (FX) liquidity.

The agreement will include DKK gaining shares in Meridien alongside a multimillion-dollar cash injection to enable rapid expansion.

The acquisition aims to bolster Meridien’s capabilities while expanding DKK’s market presence with the aim to further consolidate the group’s global expansion.

Meridien said the move will complement its business plans by securing global payment, acquiring, banking and FX liquidity capabilities.

DKK has seen transactions increase to $1.3 billion in the past year, with EBITDA reaching $2 million with 150 per cent CAGR in 2023.

Since its inception, the FinTech specialist has also opened offices across all key markets, including London, Dubai, Ghana, Nigeria, Cameroon and Senegal.

Earlier this year, DKK partnered with the Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum.

Khalid Talukder, co-founder, DKK Partners said: “This is a pivotal moment for our business and it’s a real honour to partner with Meridien as we enter our next phase of growth. Both businesses have shared values and a commitment to excellence, and we’re thrilled to be working to build a truly disruptive global brand that will redefine the payments industry.”

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