Funding was led by global tech firms Limestone Technology and OpenWay, along with several angel investors from Cambodia’s retail sector. The startup is considering raising an additional US$1 million to further complement its latest seed/pre-series A funding round.
Founded in 2016 by serial entrepreneurs Matthew Tippetts, Skye Cornell and Darren Jensen, Clik is a payment gateway and aggregator that aims to provide a safe, seamless and simple payment experience to everyone. Their partners include established Cambodian retailers, such as uCARE Pharma, Hard Rock Cafe Phnom Penh and the MEAS Group.
“Clik is a revolutionary payment app that aims to change the way consumers and merchants interact and experience digital payments,” said Tippetts, CEO and Co-Founder of Clik. “Digital payments are becoming more and more fragmented with limited customer data – you need to do something more, which is why we’ll provide brick and mortar businesses with customer insight beyond what is available online, as well as tools to act on this insight to grow profits, such as analytics, loyalty programs, and micro-targeted messaging management. We’re about creating a personalised customer experience as well as a seamless payment experience.”
“We’ve put a lot of thought into solving the consumer’s pain points,” said Co-Founder and CMO Skye Cornell. “Our integrated loyalty plans remove the hassle of the old card systems and our mPOS* platform makes using bank cards safer. By delivering real value and personalised experiences, we can make their lives easier. Security is another key benefit we expect to differentiate ourselves with; our eKYC* process uses artificial intelligence and machine learning to reduce identity fraud and our technology supports AML/CFT* and fraud prevention. “
Darren Jensen, Co-Founder and CTO further added, “This round of funding, which is nearly complete, has been used to drive product development for the beta version and commercial release preparations. We are excited to kick-off officially at the beginning of 2019 and provide a new payment ecosystem driven by data. We are grateful for the confidence entrusted in us by our partners, and we continuously work hard to provide the best value for them.”
Founded in 2016 by serial entrepreneurs Matthew Tippetts, Skye Cornell and Darren Jensen, Clik is a payment gateway and aggregator that aims to provide a safe, seamless and simple payment experience to everyone. Their partners include established Cambodian retailers, such as uCARE Pharma, Hard Rock Cafe Phnom Penh and the MEAS Group.
“Clik is a revolutionary payment app that aims to change the way consumers and merchants interact and experience digital payments,” said Tippetts, CEO and Co-Founder of Clik. “Digital payments are becoming more and more fragmented with limited customer data – you need to do something more, which is why we’ll provide brick and mortar businesses with customer insight beyond what is available online, as well as tools to act on this insight to grow profits, such as analytics, loyalty programs, and micro-targeted messaging management. We’re about creating a personalised customer experience as well as a seamless payment experience.”
“We’ve put a lot of thought into solving the consumer’s pain points,” said Co-Founder and CMO Skye Cornell. “Our integrated loyalty plans remove the hassle of the old card systems and our mPOS* platform makes using bank cards safer. By delivering real value and personalised experiences, we can make their lives easier. Security is another key benefit we expect to differentiate ourselves with; our eKYC* process uses artificial intelligence and machine learning to reduce identity fraud and our technology supports AML/CFT* and fraud prevention. “
Darren Jensen, Co-Founder and CTO further added, “This round of funding, which is nearly complete, has been used to drive product development for the beta version and commercial release preparations. We are excited to kick-off officially at the beginning of 2019 and provide a new payment ecosystem driven by data. We are grateful for the confidence entrusted in us by our partners, and we continuously work hard to provide the best value for them.”
*AML/CFT refers to anti-money laundering and combating the financing of terrorism; eKYC is an electronic process to know your customer, or authentication; and mPOS, mobile point of sale, is about mobile payments.
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