Klickl exceeded the completion of a $25 million Series A financing, boosting the expansion of global Web3 banking services

On December 10, 2024, Klickl, a leading Web3 banking service company headquartered in the UAE, successfully completed its Series A financing with a valuation of $125 million, exceeding the target of $25 million. The financing round was led by Web3Port Foundation and Aptos Labs, with active participation from heavyweight investment 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 capital support for the rapid rise of Klickl's global Web3 banking business and contribute to the development of Web3 enterprises worldwide. Key initiatives driven by this round of financing include the launch of Klickl Labs in collaboration with Summer Ventures and the establishment of Klickl Foundation in the fourth quarter of 2024.

Klickl Labs will rely on its cutting-edge Web3 banking services, virtual asset services, and encryption payment/brokerage platforms to strategically layout high-rise markets such as the Middle East and Africa. At the same time, as an incubator for high-potential projects, it will drive innovation and expansion of cross-border remittance and digital payment infrastructure.

· The Klickl Foundation is committed to investing in Klickl's Web3 ecosystem, setting a new industry benchmark for the PayFi industry.

Web3Port Foundation, as a well-known investment and acceleration platform supporting over k Web3 projects, will play a key role in Klickl's expansion. As a strategic partner and limited partner (LP) of Klickl Foundation, Web3Port will leverage its expertise in tokenomics to promote the widespread adoption and application of Web3 technology.

Bobby Zhou, Chairman of Web3Port UAE, said, "We are pleased to support Klickl in redefining global Web3 banking services. This partnership is also an important step in our expansion strategy in the UAE. By 2024, Web3Port has collaborated with RPG Holdings in Abu Dhabi and 19 leading venture capital firms, committed to building a stronger Web3 ecosystem in the UAE. We look forward to working closely with local governments and regulatory agencies to promote the rapid development and growth of the Web3 community."

Aptos Network, as a leading Layer 1 blockchain protocol, is known for its breakthrough technology and the Move programming language. Aptos Network aims to continue evolving, providing superior 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.

Klickl founder and CEO Michael Zhao said, "Thanks to the Web3Port Foundation, Aptos Labs, as well as Summer Ventures, Heritage Horizon Capital, V2 Capital, and Alpha Square Group, and other long-term investors for their trust and support in Klickl's vision. This financing will help us expand Web3 banking services from the UAE to the MENA region and other emerging markets globally. At the same time, we would like to express special thanks for the valuable support from the local government, which provides a crucial guarantee for Klickl to become the first Web3 bank, encryption custody, and brokerage service platform to obtain comprehensive approval from the Abu Dhabi Financial Services Regulatory Authority."

About Klickl

Klickl was established in 2017 and is headquartered in the UAE. It is the leading Web3 open financial platform in the Middle East and North Africa (MENA) region. Klickl provides comprehensive solutions including banking services, digital payments, and Crypto Assets trading, aiming to create convenience for users to seamlessly enter the Web3 ecosystem. With the support of the UAE government, Klickl has obtained the ADGM Financial Service license and is committed to building a global stablecoin ecosystem connecting digital finance with TradFi.

For more information, please visit: www.klickl.com