>
Previous Post
The Saudi Fashion Startup Using AI to Change the Way We Shop
Next Post
Small Businesses in Saudi Arabia Will No Longer Be Audited

Kuwait Fintech Startup Kem Raises $1 Million Pre-Seed

Kem offers instant payment services through its digital application, facilitating secure money transfers via QR codes.


Kuwaiti instant payment services platform, Kem, has successfully closed a $1 million investment round, spearheaded by Maqamees Holdings and featuring participation from international investors.

Founded in 2021 by Seth and Zane Sadeq, along with George Chichua, Kem offers instant payment services through its digital application, facilitating secure money transfers via QR codes without the need for payment links or IBAN codes.

The newly acquired funding will be channeled towards enhancing the application and expanding Kem's footprint into fresh markets within the Gulf Cooperation Council region.







Sign up for the daily Startup Digest.

Startup stories straight to your inbox

Sign up for the weekly newsletter