Kuwaiti App Kem Secures $3M from Tether

Kuwaiti P2P payment app, Kem, has secured $3 million of funding from Tether, one of the largest companies in the digital asset industry.

Why it Matters? The investment will help Tether expand its footprint in the MENA region and accelerate the adoption of the USDT region.

Kem was founded in 2021 by Seth Sadeq, Zane Chichua and George Chichua.
It offers a P2P instant payment platform that allows users to send one another money using a QR code.
The startup announced in September 2023 that it has secured a $1 million investment.
The investment will result in the introduction of USDT on the Kem App.

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