📝 Lava Payments raises $5.8M

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Lava Payments, founded by Mitchell Jones after his experience with YC-backed Lendtable, has raised a $5.8 million seed round led by Lerer Hippeau to build a payments infrastructure for the AI-native web. The startup introduces a unified digital wallet system that enables AI agents to make seamless transactions using cross-platform usage credits, eliminating the need for repeated subscriptions and manual approvals. Jones, inspired by his frustrations with fragmented payments while building AI tools, envisions Lava as the invisible financial layer enabling autonomous agents to transact freely. With support from Harlem Capital, Streamlined Ventures, and Westbound, Lava aims to become essential infrastructure for the emerging agent economy.

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