Klickl International launches Series A round post Token2049, partners with Ume Group for MENA Web3.0 Smart Retail & Payments

By Pratik Patil | Date: 24/04/2024

Abu Dhabi -- As the world's first exclusive golf series and platform for the Web 3.0 industry, Web 3.0 Open (W3O) organized three large-scale side events over three days at the prestigious MyGolf Club to conclude the Token2049 week. Over 500 top global Web 3.0 C-suite executives, venture capital allocators, investment funds, and family offices attended to discuss key industry opportunities and developments in Web 3.0 payments, banking, and tokenization of real-world assets.

Officiating the event were Mr. Omar Alsarkal, Head of Market Development at the Abu Dhabi Securities Exchange (ADX), and Mr. Michael Zhao, Founder, Chairman, and CEO of Klickl International. Alsarkal highlighted the exciting latest developments and Web3.0 initiatives his firm had taken for virtual assets and congratulated Klickl on achieving the full FSP licensing milestone with the ADGM during Token2049 week.

Zhao commented “this significant licensing milestone highlighted Klickl's commitment to addressing key challenges in the Web3.0 and Virtual asset landscape by integrating traditional finance with Crypto & Virtual Assets related services, disrupting traditional destination dependent Web2.0 Banking services model to a destination agnostic Web3.0 Banking Services model.”

He added “ it has been a journey , particularly having to scale the business into significant 8 figure revenue accretion and net profitability during the Covid-19 period the past 3 years. It’s now a very opportune time to launch our Series A growth capital round as we aim to be Abu- Dhabi’s first Web3.0 unicorn, delivering Web3.0 Financial Services from the UAE to the world”.

Klickl also announced a strategic partnership with Ume Group, the largest Smart Retail and digital payment enterprise in Asia, the most advanced market for integrated Smart Retail & Digital Payments globally by users, merchant and transaction value.

The partnership will jointly deliver a fully Web3.0 Merchant Integrated Artificial Intelligence enabled solution & cross-border management platform targeting the  25 million addressable SME’s in the region, facilitating the integration of the MENA region's real economy with Web3.0 and plans to go live during early  3rd quarter of 2024.

About Klickl International

Klickl is a premier Web3.0 Open Finance platform headquartered in the UAE within the Middle East region. It provides the Web3.0 Sector with professional banking and digital payment solutions as a foundational infrastructure bank. Established in Abu Dhabi and backed by the support of the UAE Government and regulators, it operates within compliance of virtual assets financial business with it’s FSRA regulated custody and brokerage licenses.


About Ume Group

Ume Group is a leading and one of the largest Smart Retail and digital payment enterprises in Asia, offering an end to end smart “AI-enabled” retail solution platform with over 20,000 merchants , >1 million named users onboarded on the platform. Ume Group is backed by significant multi-national institutional investors including HK listed groups Far East Consortium International (HKSE:35)) and Chow Tai Fook Group (HKSE:1929).

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