Kulipa Completes $6.2 Million Seed Round Led by Flourish Ventures and 1kx
The Paris-based stablecoin card infrastructure platform says it has issued more than 120,000 cards since February 2025, signed 20 clients, and recorded 70% month-over-month transaction volume growth after its seed round.
Summary
Kulipa, a Paris-based stablecoin card infrastructure platform, raised $6.2 million in a seed round co-led by Flourish Ventures and 1kx, with White Star Capital and Fabric Ventures also participating. Founder Axel Cateland previously said the financing was structured as a SAFE and closed in December last year. The new update adds operating metrics, with Kulipa reporting that it has issued more than 120,000 cards since February 2025, signed 20 clients, and achieved 70% month-over-month growth in monthly transaction volume.
Terms & Concepts
- Stablecoin: A type of cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.
- Seed round: An early-stage startup funding round used to help build products, hire staff, and expand operations.
- SAFE: A simple agreement for future equity, a startup financing instrument that gives investors rights to future shares under predefined terms.