Klickl

Klickl operates as a financial technology firm aiming to merge traditional finance with the digital asset economy. Founded in 2017 by Michael Zhao, who serves as the CEO, the company was initially named IDCM before rebranding in May 2022 to better reflect its mission. Zhao, a serial entrepreneur with a background in derivatives trading and risk management at institutions like UBS and China Merchants Bank, also served as a former regulator for the Central Bank of China, providing him with deep insights into both financial worlds.

Headquartered in the UAE with offices in Hong Kong, Klickl positions itself as a client-centric, destination-agnostic Web3 banking solution. The company targets both individuals and enterprises, including global exchanges, Web3 projects, and DeFi traders, as well as small merchants. Its business model centers on providing a unified platform for digital and traditional asset management, generating revenue through transaction fees, subscription-based services, and white-label solutions. A significant milestone was achieved in December 2024, when the company closed a $25 million Series A funding round at a $125 million valuation, with lead investors including Web3Port Foundation and Aptos Labs.

The core of Klickl's offering is the KlicklX app, an all-in-one platform integrating a digital wallet system, a multi-currency fiat account, virtual and physical card services, and a digital asset trading platform. The wallet supports major crypto assets like BTC and ETH, while the multi-currency accounts (USD, EUR, HKD, AED) come with dedicated IBANs for global transfers. Its virtual and physical cards can be topped up with crypto assets for spending anywhere. For business clients, Klickl provides a white-label, full-stack blockchain solution, enabling enterprises to launch their own branded crypto services quickly. This B2B offering includes regulated custody, KYC/AML compliance, crypto acquiring, and a payment and settlement infrastructure. The company emphasizes security and regulatory compliance, holding a U.S. MSB license and adhering to PCI DSS standards.

Keywords: Web3 banking, digital asset platform, crypto-fiat bridge, Michael Zhao, IDCM, financial technology, multi-currency account, crypto wallet, virtual payment cards, digital asset trading, white-label blockchain solutions, regulated crypto custody, cross-border payments, fiat on-ramp, KlicklX, Aptos Labs, Web3Port Foundation, ADGM regulated, crypto wealth management, DeFi solutions, global payment infrastructure, stablecoin ecosystem, digital finance, blockchain financial services, MENA fintech