As a leading Web3 banking service provider, Klickl, headquartered in the UAE, has successfully exceeded its target with a $25 million Series A funding round, achieving a valuation of $125 million. This round was co-led by Web3Port Foundation and Aptos Labs, with heavyweight investment institutions such as Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group actively participating. This financing will provide funding support for the rapid growth of Klickl's global Web3 banking business and assist in the development of global Web3 enterprises.
Key initiatives driven by this round of financing include the launch of Klickl Labs (Klickl Incubator) in collaboration with Summer Ventures and the initiation of Klickl Foundation (Klickl Fund) in the fourth quarter of 2024.
Klickl Labs will rely on its cutting-edge Web3 banking services, virtual asset services, and crypto payment/brokerage platform, focusing on high-growth markets such as the Middle East and Africa, while also serving as an incubator for high-potential projects, promoting innovation and expansion in cross-border remittances and digital payment infrastructure.
Klickl Foundation is committed to investing in Klickl's Web3 ecosystem, 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, 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 stated: “We are excited to support Klickl in redefining global Web3 banking services. This collaboration is also an important step in our expansion strategy in the UAE. In 2024, Web3Port has partnered with Abu Dhabi’s RPG Holdings 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 bodies to jointly promote the rapid development and growth of the Web3 ecosystem.”
Aptos Network, as a leading Layer 1 blockchain protocol, is known for its groundbreaking technology and Move programming language. Aptos Network aims to continuously evolve, providing excellent performance and enhancing 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: “Thanks to the Web3Port Foundation, Aptos Labs, and long-term investors such as Summer Ventures, Heritage Horizon Capital, V2 Capital, and Alpha Square Group for their trust and support in Klickl's vision. This financing will help us expand Web3 banking services from the UAE to the MENA region and other emerging markets globally. We would also like to extend special thanks to the local government for their valuable support, which has provided crucial assurance for Klickl to become the first Web3 bank, crypto custody, and brokerage services platform to receive comprehensive licensing from the Abu Dhabi Financial Services Regulatory Authority.”
About Klickl
Founded in 2017 and headquartered in the UAE, Klickl is a leading Web3 open finance platform in the Middle East and North Africa (MENA) region. Klickl provides comprehensive solutions including banking services, digital payments, and cryptocurrency trading, aimed at facilitating seamless entry for users into the Web3 ecosystem. With the support of the UAE government, Klickl has obtained ADGM financial services licensing and is committed to creating a global stablecoin ecosystem that connects digital finance with traditional finance.
For more information, please visit: www.klickl.com
Contact Information:
Email: marketing@klickl.com
