Lava Payments Raises $5.8M to Power Agent-Native Digital Wallets

Lava Payments Raises $5.8M to Power Agent-Native Digital Wallets

Lava Payments Digital Wallet Empowers the Agent-Native Economy Lava Payments digital wallet is entering the fintech scene with a bold mission: simplify payments in a world increasingly driven by AI agents. After raising $5.8 million in seed funding, Lava is focused on building a system that works seamlessly across tools, providers, and platforms. Founder Mitchell Jones, who previously launched the YC-backed startup Lendtable, came up with the idea while experimenting with AI agents and facing fragmented payment workflows. His new venture is designed to make agent-driven payments more accessible, eliminating unnecessary friction in recurring transactions. Image Credits:JJ Jumoc-Casas Why Lava Payments Digital Wallet Solves a Real Problem Modern AI tools often require users to pay repeatedly for access to the same core technologies through different platforms. Jones realized he was wasting money re-authenticating and repurchasing AI access, which led him to envision a universal digital wa…