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Stablecoin Payment Card Infrastructure Provider Kulipa Raises $6.2 Million in Seed Funding
On April 2, stablecoin payment card infrastructure provider Kulipa announced the completion of a $6.2 million seed funding round, led by Flourish Ventures and 1kx, with participation from White Star Capital and Fabric Ventures. The company assists fintech firms in issuing white-label stablecoin payment cards without the need to manage card operations themselves. According to Kulipa’s founder and CEO Axel Cateland, this funding round was actually completed in December of last year, utilizing a Simple Agreement for Future Equity (SAFE) financing model. However, he declined to disclose details regarding when the funding process began, the structure of the funding phases, company valuation, and board seat allocations.