Kulipa Raises $6.2M to Expand Stablecoin Payment Infrastructure Across Emerging Markets

Paris-based Kulipa, a stablecoin-native card issuing platform, has secured $6.2 million in seed funding led by Flourish Ventures and 1kx. The investment will accelerate the company’s mission to bridge the gap between onchain digital asset settlements and real-world payments.

Stablecoins currently facilitate over $300 billion in daily transactions, yet their adoption in everyday financial products remains limited due to fragmented infrastructure and regulatory uncertainty. Kulipa addresses this by providing a compliant, globally scalable platform that enables fintech companies to issue payment cards directly from stablecoin balances.

“Card issuance is the critical bridge between onchain balances and real-world spending,” explains Axel Cateland, Founder & CEO of Kulipa. “We built our infrastructure to give regulated platforms the tools they need to operate at global scale while meeting evolving regulatory standards.”

Key features of Kulipa’s platform include:

• Capital-efficient issuance with reduced reliance on prefunding
• Compliance coverage across multiple regions (EU, Argentina, Nigeria, and expanding to the U.S.)
• Fraud liability assumed by Kulipa, aligning incentives for long-term performance
• Integration with major card networks for universal acceptance

Since launching in early 2025, Kulipa has already issued over 120,000 cards and partnered with companies like Flutterwave, Solflare, nSave, and Ready. The company’s transaction volume has grown by 70% month-over-month, demonstrating strong market demand.

“At Flutterwave, we’re focused on building payment infrastructure that works across markets,” says Olugbenga Agboola, Founder & CEO of Flutterwave. “Partnering with Kulipa allows us to extend stablecoin value into globally accepted payments in a compliant and scalable way.”

The team behind Kulipa brings extensive experience from companies like Apple Pay, Google Pay, WhatsApp, Binance, and BNP Paribas, positioning them to navigate the evolving regulatory landscape and drive mainstream adoption of digital asset payments.