Klickl Exceeded $25 Million Series A Financing to Support Global Web3 Banking Service Expansion
On December 10, 2024, Klickl, a leading enterprise in Web3 banking services headquartered in the United Arab Emirates, successfully exceeded its Series A financing by $25 million at a valuation of $125 million. This round of financing is jointly led by Web3Port Foundation and Aptos Labs, Summer Ventures、Heritage Horizon Capital、V2 Capital、Alpha Square Group、Heng Feng Group、Trend Investment Actively follow up with heavyweight investment institutions such as Bond Group. This financing will provide financial support for the rapid growth of Klickl's global Web3 banking business and support the development of Web3 enterprises worldwide.
The key initiatives driven by this round of financing include partnering with Summer Ventures to launch Klickl Labs (Klickl Incubator) and launching the Klickl Foundation in the fourth quarter of 2024.
Klickl Labs will leverage its cutting-edge Web3 banking services, virtual asset services, and encrypted payment/brokerage platform to focus on high growth markets such as the Middle East and Africa. At the same time, as an incubator for high potential projects, it will promote innovation and expansion of cross-border remittance and digital payment infrastructure.
The Klickl Foundation is committed to investing in Klickl's Web3 ecosystem and setting a new industry benchmark for the PayFi industry.
Web3Port Foundation， As a well-known investment and acceleration platform supporting over a thousand Web3 projects, it will play a key role in Klickl's expansion. As a founding strategic partner and limited partner (LP) of Klickl Foundation, Web3Port will leverage its expertise in token economics to promote the widespread adoption and application of Web3 technology.
Web3Port UAE Chairman Bobby Zhou said, "We are pleased to support Klickl in redefining global Web3 banking services. This partnership is also an important step in our expansion strategy in the UAE. In 2024, Web3Port has partnered with RPG Holdings in Abu Dhabi and 19 leading venture capital firms to build a stronger Web3 ecosystem in the UAE. We look forward to working closely with local governments and regulatory agencies to promote the rapid development of the Web3 ecosystem and community growth
Aptos Network, as a leading Layer 1 blockchain protocol, is renowned for its groundbreaking technology and Move programming language. Aptos Network aims to continuously evolve, provide outstanding performance, and enhance user security. It is the first blockchain to achieve sub second end-to-end (E2E) latency, setting a new benchmark for blockchain performance.
Klickl founder and CEO Michael Zhao said, "Thank you to Web3Port Foundation, Aptos Labs, as well as long-term investors such as Summer Ventures, Heritage Horizon Capital, V2 Capital, and Alpha Square Group for their trust and support of Klickl's vision. This financing will help us expand Web3 banking services from the UAE to the MENA region and other emerging markets around the world. At the same time, we would like to express our special thanks to the valuable support of the local government, which has provided key guarantees for Klickl to become the first Web3 banking, crypto custody, and brokerage service platform to obtain full permission from the Abu Dhabi Financial Services Authority
About Klickl
Klickl was founded in 2017 and is headquartered in the United Arab Emirates. It is a leading Web3 open finance platform in the Middle East and North Africa (MENA) region. Klickl provides a comprehensive solution that includes banking services, digital payments, and cryptocurrency transactions, aiming to create convenience for users to seamlessly enter the Web3 ecosystem. With the support of the UAE government, Klickl has obtained the ADGM Financial Services License and is committed to building a global stablecoin ecosystem that connects digital finance with traditional finance.
For more information, please visit: www.klickl.com
