Home News Kuwait’s Kem Nets $3 Million Investment from Tether

Kuwait’s Kem Nets $3 Million Investment from Tether

Kem is a P2P payment platform in Kuwait that allows users to send money using a QR code.

By Inc.Arabia Staff
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Kuwait-based fintech company Kem has raised $3 million from the digital asset company Tether, bringing Kem’s total investment to $4.5 million since its founding in 2021.[1]

Read More: Kuwait's Raha Wraps Up Pre-Series A Funding Round

Kem is a P2P payment platform in Kuwait that allows users to send money using a QR code, bypassing the need for payment links or traditional accounts. 

Tether’s investment aims to support the adoption of USD₮ in the region and increase access to digital financial services through Kem’s platform.

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