DKK Partners valued at £100 million ahead of Series B round in early 2024
“As we continue to scale up our organisations and expand our operations, our goal is to provide the highest quality FX and payments services, making trading in key markets such as Africa easy.”
DKK Partners, a distinguished FinTech company specializing in Frontier Markets and renowned for its expertise in emerging markets (EM) and foreign exchange (FX) liquidity, has announced the successful closure of their pre-seed funding round, amassing an impressive £3 million.
This accomplishment precedes their highly anticipated Series B funding round scheduled for early 2024.
DKK Partners oversubscribed and valued at £100 Million
The company not only met but exceeded its initial funding target by 33 percent, marking a significant milestone in its mission to democratize access to the FX liquidity sector. DKK Partners is committed to providing financial services on a global scale, driving business opportunities, and extending support to banks and financial institutions in emerging markets.
DKK Partners, headquartered in London, has witnessed unparalleled revenue growth over the past 3.5 years, gaining substantial momentum since its establishment in 2020.
The enthusiastic response from investors has led to the oversubscription of their pre-seed funding round, firmly cementing their current pre-money valuation at approximately £100 million. These funds are strategically allocated to facilitate further expansion initiatives in the years ahead.
A strategic move into East Africa
DKK Partners recently expanded its reach into East Africa, opening a new office in Nairobi, Kenya, followed by additional offices in Uganda and Tanzania. This expansion is underpinned by the successful acquisition of the CONSUMAF license, a pivotal achievement that will expedite their financial services operations across Africa.
Khalid Talukder, Co-founder of DKK Partners, said: “At DKK Partners we saw value in providing the opportunity for those who have supported us over the years, helping us to build the organisation that exists today, to continue their support, share our success and give thanks to all who have been a part of our journey up until this point.”
“Our organisation has grown tremendously since it was founded and we are excited to continue our journey, reaching more emerging markets and improving global trade by improving the FX and payments sector. It is all too common that business opportunities can be delayed or missed without access to high quality financial services, and we are looking forward to seeing how DKK Partners can provide help to those who need it around the globe.”
Dominic Duru, Co-Founder of DKK Partners, said: “The pre-seed funding raise will continue to strengthen balance sheets, allowing us to invest in additional compliance and technology to help drive efficiency and distribution of our products and services. As we continue to scale up our organisations and expand our operations, our goal is to provide the highest quality FX and payments services, making trading in key markets such as Africa easy.”
“We hope to further disrupt markets and liberate a whole new generation of companies, from ambitious start-ups to established corporates, allowing our customers to develop clear strategies, manage currency risk and develop sharp pricing.”
