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Stablecoin payment card infrastructure provider Kulipa completes $6.2 million seed funding round, with Flourish Ventures and 1kx co-leading the investment.
ME News message, April 2 (UTC+8), ME News message, April 2 (UTC+8), stablecoin payment card infrastructure service provider Kulipa announced the completion of a $6.2 million seed round, co-led by Flourish Ventures and 1kx, with White Star Capital and Fabric Ventures participating. The company helps fintech firms issue white-label stablecoin payment cards without having to manage card operations themselves. As Kulipa founder and CEO Axel Cateland revealed, this round of financing was actually completed last December, using a Simple Agreement for Future Equity (SAFE) funding model, but he declined to disclose details such as when the financing process began, the structure of the funding tranches, the company’s valuation, and the allocation of board seats. (Source: ChainCatcher)