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ADGM-based Web3 banking services provider Klickl International raised USD 25 mn in an oversubscribed Series A funding round, increasing its valuation to USD 125 mn, according to a press release. The round was co-led by Web3Port Foundation and Aptos Labs, with participation from investors such as Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group.
Where will the money go? The funding will support Klickl’s global expansion, including the launch of Klickl Labs and Klickl Foundation in 4Q 2024. Klickl Labs will act as an incubator focusing on high-growth markets in the Mena region, seeking ventures in cross-border remittance and digital payment infrastructure. Klickl Foundation will direct investments into the Klickl Web3 ecosystem.
The partnership breakdown: Web3Port Foundation will become a partner in Klickl’s Web3 Fund, using its expertise in tokenomics to drive Web3 adoption. Aptos Labs will contribute to Klickl with its advanced Layer 1 blockchain technology.
About the company: Founded in 2017 by Michael Zhao (LinkedIn), Klickl is a Web3 open finance platform that provides banking, digital payments, and crypto trading to facilitate seamless entry into Web3.
