Stablecoin Card Platform Kulipa Secures $6.2M for US Expansion

• Kulipa raised $6.2 million in a seed funding round led by Flourish Ventures and 1kx to scale its stablecoin card issuing platform.
• The company has issued over 120,000 cards since launching its infrastructure in February 2025, recording a 70% monthly growth in transaction volume.
• New capital will support expansion into the United States market and broaden coverage across Latin America and Africa.

Funding and Strategic Expansion

Paris-based infrastructure provider Kulipa has secured $6.2 million in seed funding, bringing its total capital raised to $9.2 million. The round, which closed in December via a SAFE (simple agreement for future equity), was co-led by Flourish Ventures and 1kx, with participation from White Star Capital and Fabric Ventures. This follows a $3 million pre-seed round completed in July 2024.

Founder and CEO Axel Cateland stated that the funding is primarily earmarked for entering the United States market. The company plans to utilize a bank identification number (BIN) sponsorship to facilitate its U.S. launch. Additionally, Kulipa intends to grow its workforce from 20 to 30 employees, focusing on customer success and market growth roles.

Simplifying Stablecoin Payments

Founded in 2023, Kulipa provides the technical backbone for fintech companies and crypto wallets to issue white-label stablecoin payment cards. By managing the end-to-end operational complexity, including payment processing, fraud management, and settlement, Kulipa allows its clients to integrate card services via a single API.

This infrastructure removes the high barrier to entry for smaller firms that would otherwise need to obtain principal membership with major networks like Visa or Mastercard. Cateland noted that Kulipa aims to close the "last mile" between digital assets and everyday retail spending, making stablecoin transactions as seamless as traditional fiat payments.

Market Traction and Global Reach

Since the launch of its infrastructure in February 2025, Kulipa has gained significant momentum. Notable achievements include:

• Signing 20 enterprise customers, including the fintech platform Flutterwave and crypto wallets such as Solflare and Ready.
• Issuing more than 120,000 payment cards across multiple regions.
• Maintaining coverage in the European Union, Argentina, and Nigeria.

The company leverages a combination of stablecoins and AI to achieve higher operational efficiency than legacy card issuers. Beyond the U.S. expansion, Kulipa is actively pursuing local licenses in Latin America and building partner networks across Africa to establish a truly global stablecoin payment ecosystem.