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.