Meridien Boost NYSE Listing Plans with DKK Merger
U.S financial company, Meridien Holdings has acquired a 27% stake in London-based DKK partners. The Meridien-DKK stake comes at a time when the holding company is listing on the New York Stock Exchange.
According to Tech.eu, the funding from Meridien stake will enable DKK partners to move its global expansion plan forward.
Meridien specializes in CRM, global payments, and the banking industry, while DKK Partners specializes in foreign exchange liquidity and emerging markets.
Consistent Growth
Last year, DKK partners grew its transaction flow to $1.3 billion. Its EBITDA hit the $2 million mark with a 150% CAGR. The firm also expanded to key markets, opening offices in London, Dubai, Nigeria and Senegal.
“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. 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, driving the goal of creating a revolutionary business model in the industry of global payments, banking and correspondent services,” Meridien Holding CEO, Erik Lara Riveros said.
Strategic Alliance
The Meridien-DKK merger deal includes forming a strategic alliance that complements their business plans. The two companies plan to do this by acquiring banking and forex liquidity capabilities. Additionally, the DKK-Meridien merger deal allows both companies to focus on securing global payments. DKK will get shares in Meridien in addition to cash injection to facilitate its rapid expansion.
“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, and we’re thrilled to be working to build a truly disruptive global brand that will redefine the payments industry,” DKK Partners Co-Founder, Khalid Talukder said.
Earlier in the year, DKK collaborated with the Seed Group to facilitate efficient and transparent transactions for financial institutions. The fintech company also got initial approval to provide Virtual Asset Broker Dealer services in Dubai.
Future Plans
Meridien Holdings plans to acquire financially regulated firms in multiple geographies. The goal is to aggregate the institutions and create seamless transfer of value throughout the Meridien ecosystem.
