Klickl International, a Web3 banking services company, has raised $25 million in a Series A investment round.
The funds will be used to support its expansion plans and the round was led by Web3Port and Aptos Labs.
Additionally, the funding round included a number of global investors and investment institutions, including Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group.
The funding deal helps it raise its valuation to $125 million and further strengthens its expansion efforts to support digital financial services across the Asia, Africa and Middle East regions.
In a report issued by Klickl International, which revealed plans for new investment and expansion of operations to include the Middle East, Africa and Asia.
Klickl seeks to provide innovative solutions for cross-border electronic payment services and enhance the capabilities of the digital infrastructure in these regions in order to achieve sustainable development and accelerate the pace of the global transformation towards financial technology.
Klickl is currently focused on launching two new platforms during Q4 2024.
The first platform, Klickl Labs, will be responsible for fostering strategic partnerships in emerging markets , allowing the company to build long-term relationships with key players in the sector.
The second platform, the Klickl Foundation, will focus on developing the Web 3 financial system and setting new global standards aimed at regulating and improving the digital payments industry.
Michael Chow, CEO of the company, confirmed that Klickl has obtained a full license from the Abu Dhabi Global Market, which qualifies it to provide Web 3 banking services legally and officially.
He explained that the company has become the first in the region to provide cryptocurrency custody and brokerage services, which strengthens its position as a major provider of modern digital financial services.
