Kulipa2026-08-02 01:47:10Kulipa shuts down over insolvency, halting stablecoin card programs for about 20 clientsParis-based stablecoin card infrastructure provider Kulipa has stopped operating after what it described as solvency problems, abruptly disabling all cards tied to its platform and affecting roughly 20 wallet and fintech clients, including Solflare, Ready, Flutterwave, and nSave. The company had presented itself as a white-label infrastructure layer for crypto card programs rather than a direct consumer brand, and had said it issued more than 120,000 cards after launching its infrastructure in February 2025. Kulipa had also disclosed about $9.2 million in total funding across two rounds. Its $6.2 million seed round was led by Flourish Ventures and 1kx, with participation from White Star Capital and Fabric Ventures, completed in December 2025 and disclosed in April this year. Despite that funding and a leadership team with backgrounds at Mastercard, Spendesk, Google, WhatsApp, Nickel, Lemonway, and Binance France, the company shut down roughly seven months after its latest financing round. Public comments from partners show different risk profiles across client types. Self-custody wallet partners such as Solflare and Ready said user assets were safe because funds were only debited from users’ own wallets at the moment of payment. By contrast, custody-based fintech models can involve pre-funded balances. nSave said it was affected about a month earlier, gave users five days to spend remaining card balances or switch cards, and reported no losses.2080
Ripple2026-07-24 02:50:16Ripple Backs Flutterwave at $3.2 Billion Valuation, Bringing RLUSD and XRPL to 34 African MarketsRipple joined Flutterwave’s Series E round at a $3.2 billion valuation, pairing the investment with a payments partnership that will bring RLUSD and XRP Ledger into Flutterwave’s network across 34 African markets.240
Ripple2026-07-22 14:35:13Ripple Buys Stake in Flutterwave as It Builds Out African Payments ReachRipple has taken an equity stake in Flutterwave at a $3.3 billion valuation, adding a major African payments network to its infrastructure push across emerging markets.550
Ripple2026-06-16 12:00:53Ripple Takes Stake in Flutterwave at $3.3 Billion ValuationAfrican fintech company Flutterwave sold a portion of its equity to blockchain company Ripple, bringing its valuation to $3.3 billion after the transaction, according to Bloomberg. The investment amount and stake size were not disclosed.590
