Stablecoin payment card infrastructure provider Kulipa has completed a $6.2 million seed round financing, led by Flourish Ventures and 1kx

According to The Block, stablecoin payment card infrastructure service provider Kulipa announced the completion of a $6.2 million seed round financing, led by Flourish Ventures and 1kx, with participation from White Star Capital and Fabric Ventures. The company helps fintech companies issue white-label stablecoin payment cards without having to manage card operations themselves.

According to Kulipa founder and CEO Axel Cateland, this round of financing was actually completed last December, using a Simple Agreement for Future Equity (SAFE) financing model, but he declined to disclose details such as when the financing process began, the structure of the financing tranches, the company's valuation, and the allocation of board seats.