Lava is a digital wallet platform that lets merchants enable wallets for customers to upload usage credits that AI agents can spend across merchants and foundational models like GPT and Claude. Customers buy a single set of usage credits that agents can charge on a pay-as-you-go basis, removing repeated subscription and payment approvals as agents perform tasks. The wallet is designed to let autonomous agents move and transact without human intervention, simplifying payments for agent-driven workflows. Founder Mitchell Jones launched Lava after experimenting with AI and following prior fintech startups including Lendtable; he positions Lava as an "invisible layer" powering the AI web. The company announced a $5.8 million seed round and plans to use the funds for hiring, product development, and go-to-market efforts. Lava views itself as a developer-friendly solution for the emerging agent-native economy and notes competitors such as Metronome.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2025