KUN

What KUN does

KUN is a Hong Kong-headquartered licensed digital payments platform founded in 2023 that delivers cross-border payment solutions bridging Web2 fiat infrastructure with Web3 digital asset networks. The company targets mid-market and enterprise clients with US$50M to US$1B annual revenue across six verticals (bulk commodity, digital services, general trade, B2B e-commerce, Web3, and AI applications) with particular focus on corridors connecting Asia with emerging markets in Africa, LATAM, and the Middle East. Its product portfolio operates on a platform-plus-modules architecture centered on KUN Space™, with four core product lines (KUN Pay for global hybrid digital payments, KUN Cards for VCC/CaaS/white-label card issuance, KUN Money for on-chain finance and L/C, and KUN Agent for AI agentic payments) powered by underlying infrastructure including KUN Nexus™ (AI-orchestrated liquidity network) and KUN Shield™ (AI-driven risk monitoring).

KUN generates revenue primarily through transaction fees on cross-border payments, stablecoin settlements, and card transactions, supplemented by fees from card issuance services (VCC, CaaS, white-label), treasury management, and AI agentic payment solutions. The company holds licensed operations in Hong Kong, Singapore, and the EU, supports 150+ currencies across 200+ countries, and integrates with major stablecoin issuers (USDT, USDC, PYUSD). In July 2025, KUN closed a Series A round exceeding US$50M and has formed strategic partnerships with TradeGo (blockchain logistics) and Pharos Network (supply chain credit tokenization). The company was founded and is led by CEO Louis Liu.

The technology stack combines AI-orchestrated routing, blockchain-based settlement, stablecoin integration, and AI-powered compliance (KYC/KYB, Travel Rule screening) to address structural inefficiencies in cross-border payments, including 2-7% friction costs from hidden FX spreads and correspondent banking deductions, 3-5 business day settlement windows, and fragmented multi-currency management.

Name

KUN

Legal name

KUN Group

Website

https://kun.global

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Short description

KUN is a Hong Kong-headquartered licensed digital payments platform founded in 2023 that delivers hybrid Web2-Web3 cross-border payment solutions, card issuance, and on-chain finance for mid-market and enterprise clients across Asia, Africa, LATAM, and the Middle East.

Ownership category

akta.pro rank

Product category

Cross-Border Digital Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Card Issuing (52221)

SIC

Finance Services (6199), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC), Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG), Institutional / OTC Crypto Credit & Bilateral Lending (FSADAFAD)

Keywords

• Cross-border payments
• Stablecoin settlement
• Card issuance services
• Embedded finance platform
• Digital payment solutions

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Payment Processing and Transaction Fees: KUN generates revenue through transaction fees on cross-border payments, stablecoin settlements, and card transactions processed through its platform
2. Card Issuance Services: Revenue from VCC issuance, Card-as-a-Service deployment, and white-label card solutions for enterprise clients
3. Treasury Management Services: Fees from global treasury management, FX services, and liquidity management solutions
4. AI Payment Solutions: Revenue from AI agentic payment solutions and autonomous execution services for enterprise clients

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

KUN provides an all-inclusive vertical digital payments platform for the real economy, connecting Asia with emerging markets across Africa, LATAM, and the Middle East. The company delivers cross-border fiat and crypto payment solutions, virtual card issuance, on-chain finance (including letters of credit), treasury management, and AI-agentic autonomous payment execution for enterprise clients. Its core is the AI-orchestrated KUN Nexus liquidity network that combines licensed Web2 infrastructure with stablecoin and digital asset rails.

Product overview

KUN is a vertical digital payments platform for the real economy connecting Asia with emerging markets in Africa, LATAM, and the Middle East. The platform operates on a unified platform-plus-modules architecture centered around KUN Space™, which serves as the one-stop gateway for all services. The product portfolio consists of four core product lines: KUN | Pay (global hybrid digital payments with fiat and crypto support), KUN | Cards (card issuance including VCC, CaaS, and white-label), KUN | Money (on-chain finance with treasury management and L/C), and KUN | Agent (AI agentic payments with autonomous execution). These are powered by underlying infrastructure including KUN Nexus™ (AI-orchestrated liquidity network) and KUN Shield™ (AI-driven risk monitoring).

Differentiator

Problem solved

Functional benefit

Brands

• KUN Space: One-Stop Digital Payments & Financial Services Platform providing unified pay-in & payouts, conversion, cards, and treasury management
• KUN Pay
• KUN Cards
• KUN Money
• KUN Agent
• KUN Nexus
• KUN Shield

Products and services

• KUN Space

Quantifiable outcome

• Cross-border stablecoin settlement volumes increased 60-fold within 30 months globally, from less than US$100 million per month in early 2023 to more than US$6 billion per month
• +2 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and major.

• Pharos NetworkcoreStrategic or Co-development Partner · 20 May 2026Strategic partnership to tokenize supply chain credit assets such as trade invoices and receivables, and enable compliant on-chain cross-border payment settlement. Initial focus on tokenizing supply chain credit to unlock liquidity, native on-chain settlement of digital assets, crypto-backed virtual card solutions, and expanding compliant payment rails for commodities trading, B2B e-commerce, and service trade. Pharos Mainnet has been live since April 2026 with over 50 dApps active.
• TradeGocoreStrategic or Co-development Partner · 17 July 2025KUN signed an MoU with TradeGo to integrate blockchain-based logistics and payments solutions. The partnership aims to combine KUN's licensed digital payment infrastructure with TradeGo's blockchain logistics capabilities to enable seamless trade finance and payment settlement.
• Licensed ExchangescoreTechnology or IntegrationNetwork of licensed exchanges integrated into KUN's global liquidity infrastructure enabling fiat and stablecoin conversion across supported markets
• Banking PartnerscoreTechnology or IntegrationBanking partnerships providing the fiat rails and traditional payment infrastructure that KUN orchestrates alongside its digital asset capabilities
• Institutional PartnersmajorOthersInstitutional partnerships for expanded market access and settlement capabilities across KUN's geographic footprint
• Stablecoin Issuers (USDT, USDC, PYUSD)coreTechnology or IntegrationIntegration with major stablecoin issuers including Tether (USDT), Circle (USDC), and PayPal (PYUSD) for stablecoin settlement rails
• Licensed Market MakersmajorTechnology or IntegrationMarket maker partnerships providing liquidity for digital asset and fiat conversion operations
• Payment NetworksmajorTechnology or IntegrationPayment network integrations enabling card transaction processing and traditional payment rail connections

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BVNK: BVNK is a stablecoin and fiat payments infrastructure provider for B2B, offering cross-border payouts, collections, and card issuance — closely mirroring KUN's hybrid fiat/crypto payment stack for enterprise.
• Circle: Circle (USDC issuer) has expanded into payments infrastructure via Circle Payments Network for cross-border stablecoin settlement — a directly competing stablecoin-rail product targeting similar enterprise corridors.
• Bridge (Stripe): Acquired by Stripe for ~$1.1B, Bridge provides stablecoin APIs and on/off-ramps for businesses — the most direct API-level competitor to KUN's stablecoin settlement and card programs.
• Ripple: Ripple provides enterprise cross-border payments (RippleNet) and has launched RLUSD stablecoin and on-chain L/C services — competing head-on with KUN's cross-border settlement and trade-finance product.
• Alchemy Pay: Alchemy Pay operates a global crypto payment gateway supporting fiat on/off-ramps and card issuance across emerging markets — overlapping significantly with KUN Pay and KUN Cards.
• Triple-A: Triple-A is a licensed crypto payment processor enabling merchants to accept and settle in digital assets — comparable to KUN's fiat/crypto payment processing for enterprise.

Broad incumbents

• MoonPay: MoonPay is a larger crypto payments infrastructure provider with on/off-ramps, card programs, and B2B APIs — overlapping with KUN across multiple product lines but with broader consumer focus.
• BitPay: BitPay is an established crypto payment processor offering merchant acceptance, payouts, and prepaid cards — a broader incumbent with overlapping fiat/crypto payment capabilities.

Emerging players

• Transak: Transak provides fiat-to-crypto on/off-ramp infrastructure for wallets and applications — overlapping with KUN's fiat/crypto conversion rails but focused on developer integrations rather than enterprise cross-border flows.
• Wirex: Wirex issues crypto-backed payment cards and supports multi-currency wallets — overlapping with KUN Cards and stablecoin payment capabilities for both consumer and business use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/kun_sight
• LinkedInlinkedin.com/company/kun-international

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KUN