KUN, a trusted global digital payment service provider, has completed a seed round of financing worth tens of millions of US dollars, led by BAI Capital, with participation from GSR Ventures and Hash Global. The funds raised will be used to further improve compliance, risk control and license system construction, and build a global cooperation and operation network.
KUN is an innovative financial technology company that provides one-stop digital payment services for Web2+Web3. Based on payment licenses and encryption compliance systems in Hong Kong, Singapore, the Middle East, the European Union and other regions, it focuses on providing scenario-based digital payment solutions for enterprises and high-net-worth individuals in cross-border trade, overseas services and Web3 industries. The company's business covers emerging markets such as Asia, Latin America, and Africa, and is committed to building a trusted global digital payment network.
KUN solves the challenges faced by cross-border payments by building and operating a compliant bridge between stablecoins and fiat currency systems: low timeliness, high costs and cumbersome processes. With its efficient, compliant and secure overall digital payment solution, it has become an effective supplement to the SWIFT system.
William, partner of BAI Capital, said: "We are pleased to support KUN's vision of building a new generation of global digital payment network. Financial services must be rooted in the real economy. The KUN team has forward-looking market insights, excellent operational efficiency and end-to-end solution capabilities, showing great potential in the rapidly developing digital payment track."
Jefferson, partner of GSR Ventures, emphasized: "The KUN team has decades of experience in the payment industry and has always insisted on investing in compliance, risk control, and security systems. It has established market trust and customer reputation and achieved remarkable growth. We are very optimistic about the sustainable development of KUN."
KK, founder of Hash Global, said: "KUN is an important part of our investment in the field of "Web3 business applications and infrastructure". With its efficient, secure and compliant Web2+Web3 one-stop fund processing capabilities, KUN provides convenient payment solutions for Web3 business applications in our ecosystem and promotes on-chain data circulation and value realization. "
"The original intention of establishing KUN is to serve the unmet needs in cross-border payments and optimize the efficiency of global capital circulation. Stablecoins and blockchain are the best infrastructure for the new digital payment system. We will provide the optimal solution for Web2+Web3 payments through application innovation and scenario-based solutions, and become an effective supplement to SWIFT and the traditional banking system." said Liu Jialiang, founder and CEO of KUN.
"Customer value has always been the core goal of KUN in building a global digital payment network. We will continue to invest in licenses, risk control, and security systems, use stablecoins and blockchain technology to optimize cross-border payment efficiency in emerging markets, promote the convenient and compliant circulation of global funds, and truly empower the real economy."
