AFRICA – DKK Partners, an international payment platform that enables effective foreign exchange and payment services, has announced a major expansion in Africa.
This announcement comes after the company’s revenues surpass £63 million (US$76.80m), up from £3 million (US$3.66m) the previous year.
The record growth, fuelled by high demand for DKK’s suite of services, including FX risk management, access to deep liquidity pools, and local collections, will see four new offices opened overseas in the Middle East and across Pan Africa in addition to the company’s headquarters in Mayfair, London.
As well as the opening of new local offices, the team has increased its headcount from five to 15 fulltime staff, unveiled a new brand identity and announced with plans for further senior hires and local country managers in the coming months.
“It’s been an incredible year for our business, and with demand for our services surging, the time has come to open one-the-ground offices across key territories to give customers direct access to the very best consultancy,” Dominic Duru, Co-founder of DKK Partners commented.
“As we enter a new cycle of growth, we’re planning to make major investments in our platform, products and services as well as hire seasoned industry experts to further develop and grow our brand.
“Being of African heritage I am honoured to be able to give something back pushing our economic inclusion philosophy within emerging markets which are dear to DKK’s values.”
DKK, founded by capital markets specialist Khalid Talukder, previously of UBS, Citi & Deutsche Bank, and Dominic Duru of RBS and Citi, enables businesses to manage currency risk in frontier markets.
Key services include offering virtual IBAN accounts, allowing customers to unlock access to new territories and currencies, as well as EM liquidity, giving direct access to real-time pricing and execution across of frontier, emerging and G10 market currencies.
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