Cambodia / New money transfer app set to launch after major investment

A newcomer to Phnom Penh’s fintech scene, Cambodia-based startup Clik has raised over $2m as it prepares to launch in the Kingdom in early 2019

The Clik app will launch as a payment gateway and aggregator that allows for quick and seamless money transfers between consumers and businesses. Users will be able to pay for goods through Clik via their credit cards or e-wallets.

“Our app will be very easy to use, much easier than a payment terminal with 25 buttons on it,” explained Clik CEO and founder Matthew Tippetts told Southeast Asia Globe. “The consumer will have a wide array of payment capabilities in one place – simple, seamless and safe to use.”

The main value of the app, Tippetts said, is not in its capacity as a wallet, but in its usefulness as a tool for merchants who are looking to grow their business.

“Clik is a new kind of data company, one driven by data analytics,” Tippetts said. “The main purpose is to enable offline businesses to have the same data as online businesses so that they can grow.”

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