Tag: fintech

Kite, a company specializing in the foundational trust infrastructure for the agentic web, has successfully raised $18 million in Series A funding. This latest round, co-led by PayPal Ventures and General Catalyst, brings Kite's total cumulative funding to $33 million. The investment will fuel the development of solutions enabling autonomous AI agents to authenticate, transact, and operate independently in real-world environments.

Ramp CEO Eric Glyman predicts autonomous finance will be a reality within three years, transforming corporate finance teams by deploying AI agents for tasks ranging from procurement to expense management. This shift focuses on augmenting human capabilities rather than replacement, with AI handling routine operations and freeing professionals for strategic decision-making.

Circuit & Chisel, founded by former Stripe executives, has secured $19.2 million in seed funding to launch ATXP, a groundbreaking web-wide protocol designed to enable autonomous AI agents to conduct commerce and payments seamlessly across the internet. The protocol aims to establish a foundational layer for agentic transactions, akin to HTTP for web browsing, facilitating secure, efficient, and low-cost micropayments.