[Digital Today reporter Chi-kyu Hwang] Paris-based stablecoin card issuance infrastructure platform Kulipa has raised $6.2 million in seed funding. It is a move aimed at entering the U.S. market.

According to a recent report by The Block, the round was co-led by Flourish Ventures and 1kx, with participation from White Star Capital and Fabric Ventures. The round closed in December last year, and the investment lifted Kulipa's total funding to $9.2 million.

Founded in 2023, Kulipa helps corporate clients, including fintech platforms and cryptocurrency wallets, issue and operate white-label stablecoin payment cards.

Kulipa founder and Chief Executive Axel Cateland (악셀 카틀랑) said, "We handle all the complex processes such as payment processing, fraud management, pre-funding and settlement." He said, "Wallets just need to connect via API and control the end-to-end experience. It connects the last mile between stablecoins and everyday spending."

Kulipa has issued more than 120,000 cards since launching its infrastructure in February 2025 and has secured 20 clients, including fintech companies such as Flutterwave and nSave, as well as cryptocurrency wallets such as Solflare and Ready. Its transaction volume is growing by an average of 70 percent a month, the company said.