DKK reports 226% growth in 2023 with eyes on African expansion

Rick Steves

“Our numbers are beginning to show how we are powering, the growth required by emerging markets, and we plan for the success of our strategies to continue to thrive in 2024.”

DKK Partners has 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.

DKK to expand into Tanzania, Uganda, and Rwanda

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.

Founded by capital markets specialists Khalid Talukder and Dominic Duru, DKK Partners specializes in emerging markets and foreign exchange liquidity provision.  The firm is particularly focused on Africa and the MENA region. DKK Partners provides FX risk management, FX liquidity, and local collections.

Khalid Talukder, Co-Founder at DKK Partners, said: “It’s such an exciting time for DKK Partners with our continued growth over the past year. Emerging markets represent a huge opportunity for businesses across the world and 2023 saw us continue to grow our on-the-ground expertise in core frontier markets to better serve our customers. As we look ahead to 2024, DKK is on a rapid growth trajectory, looking to further enhance our innovative technology and reach new regions to support foreign exchange for global businesses.”

Sam Nti, CFO at DKK Partners, added: “Our numbers are beginning to show how we are powering, the growth required by emerging markets, and we plan for the success of our strategies to continue to thrive in 2024.”

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