Dubai - Sharikat Mubasher: Klickl, a leading provider of Web3 services headquartered in Dubai, successfully closed an oversubscribed $25 million series A round, bringing its valuation to $125 million.
In a statement, the company unveiled that prominent Web3-focused investors participated in the round, including Web3Port Foundation, Aptos Labs, Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group.
This funding solidifies Klickl’s position as a leader in the Web3 financial ecosystem and underscores the market’s confidence in its vision and execution capabilities.
Klickl will use this investment to accelerate 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 the fourth quarter (Q4) of 2024.
The company will also 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.
Michael Zhao, Founder and CEO of Klickl, said: “This funding marks a significant milestone, enabling us to further expand our Web3 banking services, with a strong focus on emerging markets across MENA and beyond.”
On his part, Bobby Zhou, Chairman of Web3Port UAE, stated that the partnership with Klickl marks a significant step in the company’s UAE expansion strategy.
Moreover, this funding will position Klickl to act as an incubator for high-impact ventures, fostering scalable solutions in cross-border remittance and digital payment infrastructure.
