Kuwait’s Kem Nets $3 Million Investment from Tether

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]  

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.