Kun, a payment and finance platform based in Hong Kong that uses stablecoins, has completed its Series A funding round.
The funding was supported by existing investors BAI Capital and GSR Ventures, as well as new investors Eternium Global and a large Hong Kong-listed company, which has not been named.
Since its inception 20 months ago, Kun has raised over $ 50 million in total.
The company plans to use the money to keep building a global system for stablecoin-based cross-border payments and financial services.
Its goal is to help real-world businesses expand internationally by offering safe, legal, and efficient financial solutions.
Kun is a tech company led by Founder and CEO Louis Liu. It focuses on stablecoin-based payments and financial services.
The company operates within a legal and licensed framework in Hong Kong, Singapore, and Europe. Kun primarily serves emerging markets, including the Greater Bay Area, Southeast Asia, the Middle East, Africa, and Latin America.
Kun has three main areas of business: Payments, Asset Management, and Card Issuing. It offers a wide range of products, including business accounts, investment services, tools for moving money between cryptocurrencies and regular currencies (on/off-ramps), and card solutions.
The company provides safe and reliable cross-border payment, money transfer, and financial services for businesses in areas like international e-commerce, trade, entertainment, advertising, and Web3.
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