DKK Partners appoints Zain Abbas as Head of Product

Rick Steves

DKK Partners has announced Zain Abbas as its new Head of Product to spearhead the development and innovation of its tailored FX services.

The provider of emerging markets (EM) and foreign exchange (FX) liquidity aims to leverage the skills of Zain Abbas to further build DKK Partners’ product function and better serve Africa and the Middle East, among other emerging markets.

As Head of Product, Zain Abbas will continue DKK’s mission to support and empower organizations in frontier markets that are struggling against fragmented financial ecosystems, and which have limited access to global FX.

Zain Abbas joins DKK Partners after Thought Machine and IFX Payments

Before joining DKK Partners, Abbas held significant positions at Thought Machine and IFX Payments, and also served as a Local Councillor for the Royal Borough of Kingston upon Thames.

At Thought Machine, a London-based fintech unicorn known for its cloud-native core banking platform ‘Vault Core,’ Abbas served as a Client Delivery Manager from April 2022 to August 2023. In this role, he managed the full project life-cycle for client implementations, involving teams of up to six and budgets of up to £500,000. His projects ranged from developing innovative banking products, such as a buy-now-pay-later card product and a multi-currency wallet, to refining and implementing banking solutions for tier 1 banks across Europe. Abbas played a pivotal role in building strategic partnerships and developing financial products that integrate seamlessly with Thought Machine’s Vault Core, providing both commercial and technical coordination with third-party service providers.

Before Thought Machine, Abbas was an Implementation Manager at IFX Payments from November 2018 to September 2020, where he oversaw the implementation of the fintech product ‘ibanq,’ a multi-currency virtual IBAN wallet. His efforts significantly contributed to the growth of IFX Payments’ fintech desk, with monthly revenues escalating from approximately £85,000 to £650,000 under his tenure. Abbas’ role involved complex API integration projects and direct collaboration with clients’ technology and operations teams, demonstrating his adeptness in navigating the payments and FX ecosystem.

Zains Abbas, Head of Product, DKK Partners comments: “I’m delighted to have joined DKK Partners at such a pivotal time in their growth journey. With the company making waves in the emerging markets and foreign liquidity landscape, I am looking forward to bringing my expertise and experience to help build the company and expand our product to serve emerging markets.”

Sheeraz Saleem, CTO of DKK Partners, added: “Welcome, Zain Abbas, our new Head of Product, whose FinTech expertise will ignite innovation, steering DKK Partners towards new heights of excellence.”

DKK Partners reported 226% growth in 2023

DKK Partners has recently reported revenue growth of 226% growth in 2023, with a Compound Annual Growth Rate (CAGR) of 150% and an EBITDA margin of 52%.

The provider of emerging markets (EM) and foreign exchange (FX) liquidity, which has ambitious expansion plans across several regions for 2024, pointed to DKK’s Ghana executive chairman Clifford Mettle as a key player in accelerating DKK’s growth and profitability.

Mettle’s role has been pivotal in accelerating DKK’s vision to establish a stronghold in the flourishing African market, bolstered by securing the CONSUMAF license to better serve the central West African region.

In 2023 DKK opened offices around the world including Dubai where the company was recently granted initial approval from the Virtual Assets Regulatory Authority of Dubai (VARA) to offer Virtual Asset Broker Dealer Services. DKK currently operates in nine markets including Ghana, Dubai, Spain, and the UK.

DKK now plans to build on last year’s growth, eyeing new offices in Tanzania, Uganda, and Rwanda with obtaining new licenses to further boost compliance and scale ahead of a Series B fundraising round.

Read this next

blockdag

BlockDAG’s Explosive Presale Hits $20.3M In April Swaying Investors From XRP’s Price Trends Upward, & Polygon’s NFT Market

Learn about BlockDAG’s impressive $20.3M presale results, XRP’s price increase prospects, and the booming NFT market on Polygon among the top 10 cryptocurrencies.

Retail FX

Financial Commission warns of Eplanet Brokers

The Financial Commission, a self-regulatory compliance specialist for the financial services industry, is ramping up its scrutiny of unregulated brokerage firms. Today, the independent association warned against a company called Eplanet Brokers.

Retail FX

Dubai crypto exchange steps into prop trading

Dubai-based cryptocurrency trading platform, CoinW Exchange, marked its sixth anniversary by announcing a rebranding initiative and launching a proprietary trading product.

Fintech

Bitcoin payments app Strike launches in Europe

Bitcoin blockchain-based payments app Strike launched in Europe on Wednesday, allowing users in the region to buy, sell, and withdraw bitcoin (BTC).

Chainwire

Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.

blockdag

BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary:USD, FED, German IFO ,Gold April 24 ,2024

Mixed US economic data and Fed rate hike uncertainty are causing volatility in the EUR/USD pair, while the Eurozone and gold prices add another layer of complexity.

Market News, Tech and Fundamental, Technical Analysis

EURCHF Technical Analysis Report 24 April, 2024

EURCHF currency pair can be expected to rise further toward the next major resistance level 0.9840, which stopped the pervious waves C and B, as can be seen below.

<