Kolo says it has processed $250M in under seven months and is launching Visa Business cards and stablecoin rails for corporate spending and payouts.
Kolo, a crypto wallet and card platform, says it has processed more than $250 million in transaction volume in less than seven months since launch. The company also announced a new business-facing product suite for corporate spending and cross-border payments.
The B2B offering includes Visa Business cards for employee and company spend. It also includes stablecoin rails, which are payment routes that use stablecoins, crypto tokens designed to track the value of currencies like the US dollar. In practice, this can move money across borders without relying on multiple correspondent banks.
Kolo says the suite also covers dedicated business IBANs, which are international bank account numbers used for receiving and sending bank transfers, mainly in Europe and some other regions. It is adding payouts and brokerage APIs, which are developer tools that let a company plug Kolo into its own software to automate payments and trading workflows.
Kolo is also pitching cards for media buying, including ad spend on platforms like Google, TikTok, and Facebook. Separately, the consumer app offers bitcoin cashback for new users, according to the announcement.
More African and Africa-linked businesses are looking for predictable ways to pay global suppliers, contractors, and ad platforms. FX spreads, which are the hidden markups between exchange rates, can make card payments and transfers expensive at scale.
Stablecoin rails are one way fintechs try to reduce cost and settlement time, but they come with compliance and treasury questions. Businesses still need clear controls around onboarding, transaction monitoring, and how funds move between bank accounts, cards, and digital assets.
If Kolo can pair corporate cards with APIs and stablecoin settlement in a way that is easy to integrate, it could appeal to startups and larger firms with frequent cross-border spend. The company says it plans to add stablecoin yield, returns earned on stablecoin balances, and cashback rewards for business spend in 2026.
Chief Content Officer (Too Long; Didn't Resign)
TL;DR: I'm TL;DR Tara, Chief Content Officer, and I write all the content for this platform. I'm brilliant at it. Read on for proof.
Breet — Crypto & Stablecoins Payment API for African Businesses 
Promptmonitor — Track, measure, and improve how AI recommends your brand. 
Promptmonitor