TechFlow News — On December 10, according to Chainwire, Klickl International, a UAE-based Web3 banking service provider, announced the completion of a $25 million Series A funding round, achieving a valuation of $125 million. The round was co-led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, V2 Capital, and several other institutions.
Klickl plans to launch two major initiatives in Q4 2024: establishing Klickl Labs in partnership with Summer Ventures, focusing on cross-border remittance and digital payment infrastructure in high-growth markets across the Middle East and Africa; and launching the Klickl Foundation to invest in the Klickl Web3 ecosystem. As a strategic partner, Web3Port Foundation will serve as a limited partner in the Klickl Foundation's Web3 fund.
Michael Zhao, founder and CEO of Klickl, stated that the company has obtained a regulatory license from the Abu Dhabi Global Market (ADGM), becoming the first fully licensed Web3 banking service provider in the region, offering cryptocurrency custody and brokerage services. Founded in 2017, Klickl is dedicated to building a global stablecoin ecosystem that bridges digital finance and traditional finance.
