Klickl exceeds target with $25 million in Series A funding to accelerate global expansion of Web3 banking services
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Klickl exceeds target with $25 million in Series A funding to accelerate global expansion of Web3 banking services
This funding will support the rapid growth of Klickl's global Web3 banking services and empower the development of global Web3 enterprises.
Navigating Web3 tides with focused insights
As a leading provider of Web3 banking services, UAE-based Klickl has successfully closed an oversubscribed $25 million Series A funding round at a $125 million valuation. The round was co-led by Web3Port Foundation and Aptos Labs, with strong participation from prominent investors including Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group. This funding will support the rapid global expansion of Klickl’s Web3 banking operations and empower the growth of Web3 enterprises worldwide.
Key initiatives enabled by this funding include the launch of Klickl Labs (Klickl's incubator) in partnership with Summer Ventures, as well as the establishment of the Klickl Foundation in Q4 2024.
• Klickl Labs will leverage its cutting-edge Web3 banking, virtual asset services, and crypto payment/brokerage platform to focus on high-growth markets such as the Middle East and Africa. As an incubator for high-potential projects, it will drive innovation and expansion in cross-border remittances and digital payment infrastructure.
• The Klickl Foundation will invest in Klickl’s Web3 ecosystem, setting new industry benchmarks for the PayFi sector.
Web3Port Foundation, a renowned investment and acceleration platform supporting over 1,000 Web3 projects, will play a pivotal role in Klickl’s expansion. As a founding strategic partner and limited partner (LP) of the Klickl Foundation, Web3Port will apply its expertise in token economics to promote broader adoption and application of Web3 technologies.
Bobby Zhou, Chairman of Web3Port UAE, said: “We are thrilled to support Klickl in redefining global Web3 banking services. This collaboration marks a significant step in our UAE expansion strategy. In 2024, Web3Port has partnered with Abu Dhabi’s RPG Holdings and 19 leading venture capital firms to strengthen the UAE’s Web3 ecosystem. We look forward to working closely with local government and regulatory bodies to accelerate the development and community growth of the Web3 ecosystem.”
Aptos Network, a leading Layer 1 blockchain protocol, is known for its groundbreaking technology and Move programming language. Designed for continuous evolution, Aptos delivers superior performance and enhanced 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, said: “We are grateful to Web3Port Foundation, Aptos Labs, and long-term supporters including Summer Ventures, Heritage Horizon Capital, V2 Capital, and Alpha Square Group for their trust and backing of Klickl’s vision. This funding will enable us to expand our Web3 banking services from the UAE into the MENA region and other emerging markets globally. Special thanks go to the local government for their invaluable support, which has been instrumental in making Klickl the first Web3 banking, crypto custody, and brokerage platform to receive 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 financial platform in the Middle East and North Africa (MENA) region. Offering comprehensive solutions including banking services, digital payments, and cryptocurrency trading, Klickl aims to provide seamless access to the Web3 ecosystem. Backed by the UAE government, Klickl has obtained financial services licensing from ADGM and is committed to building a global stablecoin ecosystem that bridges digital and traditional finance.
For more information, visit: www.klickl.com
Contact:
Email: marketing@klickl.com
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