KGeN completes $13.5 million strategic financing, bringing total financing to $43.5 million.

On September 30, KGeN announced the completion of a new round of strategic financing of 13.5 million USD, with participation from multiple well-known investment institutions, bringing the total financing amount to 43.5 million USD.

KGeN is building the world's largest VeriFi™ verification distribution network, leveraging the POGE privacy-preserving identity and reputation framework to provide services such as real user verification, on-chain loyalty rewards, and decentralized e-commerce distribution for AI, DeFi, gaming, and consumer applications. As one of the top applications by trading volume in the Aptos ecosystem, KGeN continuously drives the growth of real on-chain users and the expansion of application scenarios, aligning its development direction closely with the vision of the Aptos ecosystem, and jointly committed to promoting decentralized growth and trusted user interactions, laying the foundation for the next generation of AI and Web3 applications.

Currently, KGeN has covered over 60 countries, with 38.9 million protocol users, 6.14 million monthly active users, 780,000 daily active users, and has partnered with over 200 partners, achieving an annual revenue exceeding 48.3 million USD.