ChainCatcher news, financial management platform KPay Group (KPay) announced the completion of its first round of institutional financing of $55 million, led by Apis Growth Markets Fund III and Apis Global Growth Fund III.It is reported that KPay is a fintech company focused on providing comprehensive payment and settlement solutions for small and medium-sized enterprises. Founded in 2020 and headquartered in Hong Kong, it is committed to unlocking the growth potential of businesses through simple and intelligent technology. KPay serves over 33,000 merchants in Hong Kong, Singapore, and Japan. KPay's services include a one-stop collection technology and merchant service ecosystem that helps businesses streamline operations, reduce costs, and accelerate business growth. In addition, KPay is actively expanding its network of small and medium-sized merchants in collaboration with companies like American Express. KPay supports various cryptocurrency payment methods, including Bitcoin and Ethereum.

ChainCatcher news, Tether announced a strategic investment of $3 million in the remittance and financial management platform Kem. This collaboration will enable the Kem App to launch USDT on its platform to promote its widespread adoption in the Middle East, primarily aimed at improving the economic conditions in neighboring countries such as Kuwait, Bahrain, Saudi Arabia, Qatar, and Iraq.

Chain Catcher News, the crypto financial management platform Nilos announced the completion of a $5.2 million financing round, led by Viola Ventures and Fabric Ventures, with participation from Mensch Capital Partners, The Sandbox co-founder Sebastien Borget, and former Deputy CEO of French banking giant Société Générale. The funds from this round will be used to expand new customer acquisition and increase R&D efforts, as well as to establish sales and marketing teams.Nilos stated that an increasing number of Web2 companies are expanding into Web3 business, requiring them to manage both fiat and cryptocurrency in their financial operations. The complexity of financial management can lead to a series of compliance issues for businesses, and Nilos aims to create a unified platform to help companies manage their cryptocurrency and fiat financial matters, while also monitoring suspicious fund sources in accordance with anti-money laundering requirements. (The Block)