Kolo
Zero-fee stablecoin card in 170+ countries; nomad favourite.
- Who holds it
- A licensed crypto-asset custodian holds the assets on your behalf — AIFC FinTech Lab license (Kazakhstan) + Polish VASP; cards issued by Banco Popular de Puerto Rico.
- The ledger
- The custodian’s books, reconciled against on-chain balances.
- If it fails
- Recovery hinges on the custodian’s solvency and how cleanly client assets are segregated.
Derived from Kolo’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid · travel & digital nomads |
| HQ | — |
| Founded | 2022 |
| Custody | Custodial |
| Regulation type | VASP / MSB / crypto licenses |
| License detail | AIFC FinTech Lab license (Kazakhstan) + Polish VASP; cards issued by Banco Popular de Puerto Rico |
| Card | Visa/MC · Prepaid |
| Cashback | 2% BTC |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania |
Verified links: official site ↗
Common questions about Kolo
What is Kolo?
Kolo is a fiat-and-crypto neobank built for travel & digital nomads, founded in 2022. Your money is held custodially, so Kolo or its partner bank holds the balance and you hold a claim on it. It holds VASP / MSB / crypto licenses (AIFC FinTech Lab license (Kazakhstan) + Polish VASP; cards issued by Banco Popular de Puerto Rico).
Does Kolo have a card, and where can you use it?
It issues a Visa and Mastercard prepaid card. It is available in all 7 world regions tracked here.
Does Kolo require KYC?
Yes. Kolo requires identity verification (KYC) to open an account, as a vasp / msb / crypto licenses.
What does Kolo cost?
From the verified fields: cashback 2% BTC. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Kolo before relying on them.
Head-to-head
Peers
Revolut · Cash App · Mercado Pago · Mogo · Venmo · Robinhood
Kolo appears in
Neobanks operating under crypto and money-transmitter licenses (25) · Neobanks available in North America (126) · Neobanks available in Europe (144) · Neobanks available in Asia (132) · Neobanks available in Oceania (72) · Neobanks available in Latin America (113) · Neobanks available in Africa (92) · Neobanks available in MENA (85) · Neobanks for travel and digital nomads (10) · Neobanks that issue a Visa card (182) · Neobanks that issue a Mastercard (150)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.