This financing will provide funding support for Klickl's rapid growth in global Web3 banking services and assist in the development of global Web3 enterprises.
As a leading provider of Web3 banking services, Klickl, headquartered in the UAE, has successfully completed a $25 million Series A financing round, exceeding its $125 million valuation. This round of financing was co-led by Web3Port Foundation and Aptos Labs, with significant follow-on investments from heavyweight institutions such as Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group. This financing will provide funding support for Klickl's rapid growth in global Web3 banking services 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.
l Klickl Labs will leverage its cutting-edge Web3 banking services, virtual asset services, and crypto payment/brokerage platform to focus 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.
l Klickl Foundation is dedicated to investing in Klickl's Web3 ecosystem, setting a new industry benchmark for the PayFi sector.
Web3Port Foundation, a well-known investment and acceleration platform supporting over a thousand Web3 projects, will play a key role in Klickl's expansion. As the 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.
Bobby Zhou, Chairman of Web3Port UAE, 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 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 jointly promote the rapid development and growth of the Web3 ecosystem and community.”
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 exceptional 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.
Michael Zhao, Founder and CEO of Klickl, stated: “We thank 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 of 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 also 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 service platform to obtain full 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 offers a comprehensive solution that includes banking services, digital payments, and cryptocurrency trading, aiming to create convenience for users to seamlessly enter the Web3 ecosystem. With the support of the UAE government, Klickl has obtained ADGM financial services licensing and is committed to building a global stablecoin ecosystem that connects digital finance with traditional finance.
For more information, please visit: www.klickl.com
Contact:
Email: marketing@klickl.com
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