• UAE-based Web3 banking startup Klickl has closed a $25 million Series A funding round at a valuation of $125 million.
• The round was co-led by Web3Port Foundation and Aptos Labs, joined by Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group.
• Founded in 2017 by Michael Zhao, Klickl is a Web3 open finance platform that provides banking, digital payments, and crypto trading to facilitate seamless entry into Web3.
• This funding will empower Klickl to expand its Web3 banking services, focusing on emerging markets across MENA and beyond.

Press release:

Klickl International (“Klickl”), a UAE-headquartered leader in Web3 banking services, has successfully closed its oversubscribed $25 million Series A funding round. This latest achievement brings Klickl’s valuation to $125 million, underscoring the market’s confidence in its vision and execution capabilities. The round was co-led by prominent Web3 investors Web3Port Foundation and Aptos Labs, joined by notable participants including Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group.

This funding milestone positions Klickl for accelerated growth in the burgeoning global Web3 banking space. Key initiatives stemming from this round include the launch of Klickl Labs in collaboration with Summer Ventures and Klickl Foundation in Q4 2024. Klickl Labs will spearhead strategic joint ventures leveraging its Web3 banking services, virtual asset servicing, and crypto payments/brokerage platform, targeting high-growth markets in the Middle East and Africa and acting as an incubator for high-impact ventures, fostering scalable solutions in cross-border remittance and digital payment infrastructure. Meanwhile, Klickl Foundation will channel investments into the Klickl Web3 ecosystem, setting new benchmarks for the PayFi industry.

Web3Port Foundation, a renowned investment and accelerator platform supporting over 1,000 Web3 projects, will play a pivotal role in Klickl’s expansion. As a founding strategic partner, Web3Port will serve as a limited partner for the Klickl Foundation’s Web3 Fund and leverage its expertise in tokenomics to drive mass adoption of Web3 technologies.

Bobby Zhou, Chairman of Web3Port UAE, commented: “We are thrilled to support Klickl in its journey to redefine global Web3 banking services. 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.”

The Aptos Network is a Layer 1 blockchain, renowned for its breakthrough technology and Move programming language. Aptos Network is designed to continuously evolve, deliver exceptional performance, and reinforce user security safeguards. It is the first blockchain to achieve sub-second end-to-end (E2E) latency, setting a new standard in blockchain performance.

Michael Zhao, Founder and CEO of Klickl, stated: “The support from Web3Port Foundation, Aptos Labs, and our long-term investors—including Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group—highlights the strength of our vision. 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.”