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.png "Klickl Secures $25M Series A to Expand Web3 Banking Across MENA")
3:40 PM · Dec 10, 2024 · – Klickl International, a leading regulated open banking and virtual asset platform in the Middle East and North Africa (MENA) region, today announced the successful close of its oversubscribed $25 million Series A funding round. This investment, co-led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group, values Klickl at $125 million.
The funding will fuel Klickl's ambitious expansion plans, including the launch of Klickl Labs and Klickl Foundation. Klickl Labs, a joint venture with Summer Ventures, will focus on developing strategic partnerships and leveraging Klickl's Web3 banking services, virtual asset servicing, and crypto payment/brokerage platform in high-growth MENA markets. The lab will also incubate high-impact ventures focused on cross-border remittances and digital payment infrastructure. Klickl Foundation will invest in the broader Klickl Web3 ecosystem, driving innovation in the PayFi industry.
"The support from Web3Port Foundation, Aptos Labs, and our long-term investors highlights the strength of our vision," said Michael Zhao, Founder and CEO of Klickl. "This funding empowers us to expand our Web3 banking services, focusing on emerging markets across MENA and beyond. We are especially grateful to the local authorities for their forward-thinking regulatory support under ADGM, which has been instrumental in positioning Klickl as the region’s first fully licensed Web3 banking service, offering crypto custody and brokerage solutions.”
Klickl offers a comprehensive suite of crypto-friendly financial services, including:
- Klickl 4U App: A secure and customizable platform for managing both digital and fiat currencies, offering hybrid banking capabilities, decentralized operations, and tailored financial tools.
- Regulated Custody Solutions: Bank-grade custody and wallet services ensuring the security and compliance of digital assets.
- Payment Gateway: Simplifying global payments with crypto and fiat integration.
- Brokerage and OTC Services: Providing seamless access to crypto trading.
- Web3 SaaS Solutions: Empowering B2B partners to build and scale their own crypto asset businesses with Klickl’s modular infrastructure stack.
This diverse product suite caters to both individual users and businesses, fostering financial inclusion and driving the adoption of Web3 technologies.
About the Investors:
- Web3Port Foundation: An investment and accelerator platform supporting over 1,000 Web3 projects. Web3Port will act as a Limited Partner for Klickl Foundation’s Web3 Fund and leverage its expertise in tokenomics to drive mass adoption.
- Aptos Labs: The team behind the Aptos Network, a Layer 1 blockchain known for its high performance and security.
- Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group: Strategic investors contributing to Klickl's growth and expansion.
"We are thrilled to support Klickl in its journey to redefine global Web3 banking services," said Bobby Zhou, Chairman of Web3Port UAE. "This partnership also marks a significant step in our UAE expansion strategy. In 2024, Web3Port has partnered with RPG Holdings in Abu Dhabi and 19 leading VC firms to establish a stronger Web3 presence in the UAE. Together with local government and regulators, we aim to foster rapid innovation and community growth in the Web3 ecosystem.”
About Klickl:
Founded in 2017 and headquartered in the UAE, Klickl is a pioneering Web3 open finance platform licensed by Abu Dhabi’s ADGM. Klickl is committed to bridging the gap between traditional and digital finance, creating a more inclusive and accessible financial ecosystem.
Website: www.klickl.com
Compiled by CMO Intern team
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