Payment platform Lava raises $5.8M to build digital wallets for the ‘agent-native economy’

August 6, 2025

, By Techcrunch

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A new startup, rel=”nofollow” href=”https://www.lavapayments.com/”Lava Payments, aims to take on payment giants by building a solution for the modern web where AI agents now handle transactions for their customers. The idea came to founder Mitchell Jones after he left his earlier Y Combinator-backed fintech startup, Lendtable, as he began to experiment with AI.

He saw the potential to build out a system that would make using AI and agent payments simpler and more developer-friendly. While experimenting with an AI app and trying to build what he thought was something simple, he realized he quickly…

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Payment platform Lava raises $5.8M to build digital wallets for the ‘agent-native economy’

August 6, 2025

, Published By Techcrunch

A new startup, rel=”nofollow” href=”https://www.lavapayments.com/”Lava Payments, aims to take on payment giants by building a solution for the modern web where AI agents now handle transactions for their customers. The idea came to founder Mitchell Jones after he left his earlier Y Combinator-backed fintech startup, Lendtable, as he began to experiment with AI.

He saw the potential to build out a system that would make using AI and agent payments simpler and more developer-friendly. While experimenting with an AI app and trying to build what he thought was something simple, he realized he quickly…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Photo-sharing app Locket is banking on a new celebrity-focused feature to fuel its growth

Next News

Anthropic Adds Auto Security Reviews to Claude Code

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