DKK Partners To Boost Middle Eastern Business Economy By Expanding To Dubai

DKK Partners, a leading fintech firm specialising in emerging markets (EM) and foreign exchange (FX) liquidity, has opened an office in Dubai to boost the Middle Eastern business economy.

The announcement follows approximately 60% revenue growth in 2022, with revenue exceeding £100 million, up from £63 million the previous year.

The office, located in the Dubai World Trade Centre, will serve as a regional hub for DKK, providing greater access to trade corridors in the Middle East, Africa, and Asia. The regional expansion will be led by senior associates with Tier 1 banking experience in forex, trade finance, and structured products.

The day-to-day team consists of three full-time employees, led by aspiring entrepreneur Asia Salvatore, with ambitious plans to hire and triple its headcount this year.

DKK's Dubai operation has already received its World Trade Centre Free Zone licence and intends to supplement it with virtual asset licences from VARA (virtual assets regulatory authority) in the near future.

It will start trading immediately, empowering local businesses and the local economy by providing access to foreign exchange services.

Asia Salvatore, Head of Sales for DKK in Dubai, said,“We are excited to launch in Dubai and bring our mastery of FX to empower businesses and financial institutions who have previously lacked access to high quality solutions. Dubai is a land of opportunities and DKK is perfectly poised to get out there and make a splash in the market.”

Khalid Talukder, Co-Founder & CEO of DKK Partners, commented,“DKK has achieved fantastic growth over the past year and launching in Dubai is a natural step to continue our expansion and evolution as a frontier markets currency trading house. We have a passionate team with extensive knowledge of the local market ready to hit the ground running and deliver high quality FX services to the region.”

Khalid Talukder, formerly of UBS, Citi, and Deutsche Bank, and Dominic Duru, formerly of RBS and Citi, founded DKK to help businesses manage currency risks in frontier markets.

Virtual IBAN accounts, which allow customers to access new currencies and territories, as well as EM liquidity, which provides direct access to real-time pricing and execution across frontier, emerging, and G10 market currencies, are key services.