Stablecoin card issuing infrastructure platform Kulipa raises $6.2 million seed round to enable white-label payment card issuance.
DeFi & Yields ·
Kulipa, a stablecoin card issuing infrastructure platform, closed a $6.2 million seed round to expand its white-label payment card capabilities. The infrastructure allows fintechs and wallet providers to issue payment cards without managing the underlying operational complexity themselves.
The platform abstracts away card issuing operations, enabling partner companies to offer branded payment cards to their users while Kulipa handles the backend infrastructure. This positions the company within the broader infrastructure layer of crypto payments, where stablecoin-backed cards bridge on-chain assets and traditional point-of-sale systems.
The announcement does not disclose investor names, the company's valuation, or timelines for deployment of the newly funded capabilities. It remains unclear which fintechs or wallet providers have committed to using Kulipa's infrastructure or when the platform expects to process its first live card transactions.