Kulipa
Kulipa, Inc.
Kulipa is a stablecoin-native card issuing infrastructure platform based in Paris. It lets fintechs and platforms issue white-label stablecoin-backed payment products (cards, virtual accounts, USDC wallets) via turnkey, compliant infrastructure. It supports both custodial and self-custodial wallets, letting stablecoins be spent directly without pre-funded accounts.
Data & conditions
| Service type | Card issuing / BaaS |
|---|---|
| Pricing model | Custom quote |
| Card networks | Visa |
| Card types | virtual, debit |
| Stablecoins | USDC |
| Customer type | Fintech, Developers, Platforms |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | EEA, LATAM, AFRICA |
| Segment | B2B |
| MiCA / License status | Not disclosed |
Strengths
- Stablecoin-native card issuing infrastructure with white-label USDC accounts and support for custodial and self-custodial wallets.
- Real traction: over 120,000 cards issued and clients such as Flutterwave, Solflare and nSave.
- No notable sovereignty advantage documented.
Weaknesses
- B2B infrastructure: not accessible to end consumers (you need to integrate as a fintech or platform).
- Early-stage startup (seed $6.2M): US coverage still expanding via BIN sponsorship.
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 3.6/5, solid profile. In its favour: stablecoin-native card issuing infrastructure with white-label USDC accounts and support for custodial and self-custodial wallets. The trade-off to weigh: b2B infrastructure: not accessible to end consumers (you need to integrate as a fintech or platform).
On the Sovereignty lens the score is 0.0/5 (weak): the strength is fund control (0.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
What does Kulipa do?
It provides the infrastructure to issue stablecoin-backed cards and accounts: fintechs integrate Kulipa so their users can spend USDC like a normal Visa card.
Can an individual apply for a Kulipa card?
Not directly: Kulipa sells infrastructure to businesses. The card reaches end users through the fintech or app that integrates it.
Sources
- Official service page Descrizione Data verified on Jul 17, 2026
- finextra.com Investors · Argentina Data verified on Jul 17, 2026
- theblock.co Data verified on Jul 17, 2026