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Payment platform Lava raises $5.8M to build digital wallets for the ‘agent-native economy’
Lava is a digital wallet that lets merchants use credits to facilitate transactions.
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. Once a customer does that, they can take that money and use it at any merchant that also accepts Lava and any of the foundational models, like GPT and Claude, on a “pay as you go basis,” Jones said. So, rather than having to pay for each tool, a user buys a one-time usage credit that AI agents can simply charge as they perform various tasks.
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