UAE’s Klickl International Secures $25 Million Series A Funding, Valuation Hits $125 Million

Klickl International, a leading Web3 banking services provider headquartered in the United Arab Emirates, has announced the successful completion of a $25 million Series A funding round. This oversubscribed round has increased the company's valuation to $125 million, reflecting robust investor confidence in its strategic direction and operational capabilities.

The funding round was co-led by prominent Web3 investors Web3Port Foundation and Aptos Labs, with participation from a diverse group of investors, including Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group.

With the infusion of new capital, Klickl is poised to accelerate its expansion in the global Web3 banking sector. Key initiatives include the launch of Klickl Labs and Klickl Foundation in the fourth quarter of 2024. Klickl Labs is set to lead strategic joint ventures, leveraging the company's Web3 banking services, virtual asset servicing, and crypto payments/brokerage platform, with a focus on high-growth markets in the Middle East and Africa. It will serve as an incubator for ventures developing scalable solutions in cross-border remittance and digital payment infrastructure. Concurrently, Klickl Foundation will direct investments into the Klickl Web3 ecosystem, aiming to set new standards for the PayFi industry.

Web3Port Foundation, an investment and accelerator platform supporting over 1,000 Web3 projects, is expected to play a pivotal role in Klickl's expansion. As a founding strategic partner, Web3Port will act as a Limited Partner for the Klickl Foundation's Web3 Fund, utilizing its expertise in tokenomics to drive widespread adoption of Web3 technologies. Bobby Zhou, Chairman of Web3Port UAE, expressed enthusiasm for the partnership, highlighting its significance in their UAE expansion strategy.

Aptos Network, a Layer 1 blockchain renowned for its advanced technology and Move programming language, is designed to deliver exceptional performance and enhance user security. It is the first blockchain to achieve sub-second end-to-end latency, setting a new benchmark in blockchain performance.

Michael Zhao, Founder and CEO of Klickl, emphasized that the support from investors underscores the strength of their vision. He noted that the funding empowers Klickl to expand its Web3 banking services, focusing on emerging markets across the Middle East and North Africa. Zhao also expressed gratitude for the regulatory support from Abu Dhabi Global Market (ADGM), which has been instrumental in positioning Klickl as the region's first fully licensed Web3 banking service, offering crypto custody and brokerage solutions.

Founded in 2017 and headquartered in the UAE, Klickl is a leading Web3 open finance platform in the MENA region. It provides a range of services, including banking, digital payments, and crypto trading, to facilitate seamless entry into Web3. Supported by the UAE government and licensed by ADGM, Klickl aims to create a global stablecoin ecosystem that bridges digital and traditional finance.