Kulipa, a Paris-based fintech infrastructure company building stablecoin payment solutions, has raised $6.2 million in seed funding to accelerate the development and expansion of its platform that enables fintech companies and crypto wallets to issue branded stablecoin payment cards. The round was co-led by Flourish Ventures and 1kx, with participation from White Star Capital and Fabric Ventures. The company plans to use the new capital to expand its regulated card issuing capabilities and support wider adoption of stablecoin-based payments.

Founded in 2023, Kulipa is developing infrastructure that connects stablecoins with everyday spending by allowing companies to launch white-label payment cards without building their own card issuance operations. The company provides the technology layer that enables wallets and fintech platforms to offer stablecoin payment cards under their own brands while Kulipa manages key operational components, including payment processing, fraud management, prefunding, and settlement.

The $6.2 million seed financing builds on Kulipa’s earlier fundraising activity. Before this round, the company raised $3 million in pre-seed funding in 2024, a round co-led by Fabric Ventures and White Star Capital. That earlier investment supported Kulipa’s efforts to develop its stablecoin payment infrastructure and expand partnerships within the digital asset ecosystem.

Flourish Ventures and 1kx co-led the latest seed round, providing capital as Kulipa works to address one of the major challenges facing stablecoin adoption: enabling users to spend digital assets through familiar payment networks. Stablecoins have grown significantly as a form of digital money, but converting those assets into everyday purchases has remained a challenge because of infrastructure limitations between blockchain networks and traditional payment systems.

White Star Capital participated in the seed financing after previously backing Kulipa’s pre-seed round. The investment firm has supported the company’s vision of creating payment infrastructure that bridges crypto wallets and traditional commerce. White Star Capital was also involved in Kulipa’s early development alongside Fabric Ventures, helping the company build its foundation in the emerging stablecoin payments market.

Fabric Ventures also participated in Kulipa’s latest financing round. The venture firm focuses on open economy technologies, including blockchain infrastructure and decentralized systems. Its continued support reflects growing investor interest in companies developing practical applications for digital assets beyond trading and speculation.

Kulipa’s platform is designed for fintech companies, crypto wallets, and other digital asset businesses that want to offer payment cards to users. Instead of requiring each company to build direct relationships with card networks and manage complex compliance requirements, Kulipa provides an infrastructure layer that simplifies the process of launching stablecoin-powered payment products.

The company’s technology supports self-custodial and non-custodial wallet experiences, allowing users to spend stablecoins through card products while maintaining access to digital asset-based financial services. Kulipa has focused on reducing the friction between holding stablecoins and using them for real-world transactions, positioning its platform as a bridge between blockchain-based finance and traditional payments.

Kulipa was founded by CEO Axel Cateland, who previously worked in digital payments at Mastercard and led banking operations at fintech company Spendesk. The founding team combines experience from payments, fintech, and technology sectors, bringing expertise in both traditional financial infrastructure and emerging digital asset systems.

The company has also partnered with organizations in the digital payments ecosystem as it works toward broader adoption of stablecoin spending solutions. Its earlier launch included collaboration with Argent on a stablecoin payment card initiative and participation in Mastercard Start Path, Mastercard’s startup engagement program.

The latest funding comes as stablecoins continue gaining attention as a potential foundation for faster, lower-cost global payments. While stablecoins have become widely used for digital transactions, companies such as Kulipa are focused on solving the final-mile challenge of making these assets usable in everyday commerce.

With $6.2 million in seed funding from Flourish Ventures, 1kx, White Star Capital, and Fabric Ventures, Kulipa plans to expand its payment infrastructure, strengthen partnerships with fintech platforms and wallets, and help accelerate the adoption of stablecoin-powered spending worldwide.

Related Articles