Cambodia-based fintech Clik secures $3.7m seed round funding

The payments startup said that it is on track for a nation-wide launch by end-2020.

Cambodia-based fintech startup Clik has closed its $3.7m seed round, the company announced in a press release. This marks the largest ever seed round for a mobile payments company in Southeast Asia, the company said.

Software company Openway and Poems Pte Ltd—the investment holding company of Phillip Capital, a Singaporean financial house with over US$35b under management—led the funding round. Also participating are several global angel investors, a third of which are Cambodia-based.

Founded in 2016, Clik is a payment aggregator enabling consumer payments from cards, wallets and bank accounts. As Cambodia’s first independent mPOS and SoftPOS merchant acquirer, Clik provides all these payments in contactless, tap to pay mode.

The company shared that it is developing a single, easy to use platform that focuses on building consumer loyalty to boost merchant profits.

The company added that it is on track for a nation-wide launch at the end of this year. Clik currently has close to 2,500 merchants and five financial institutions in their beta programs and has access to over 56,000 more merchants via their partners.

Some of Clik’s partners include Cambodian pharmacy group Ucare Pharmacy, convenience shop brand Kiwimart and Chip Mong Retail.

Also Read

OCBC teams up with Disneyto boost new customer growth in SEA

Vietnam’s debit card payments market to be worth $65.6b in 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit