SolvaPay Raises €2.4M

SolvaPay has raised €2.4 million in pre-seed funding to build payment rails for artificial intelligence agents that buy digital services on their own. (tech.eu) The Stockholm company said the round was led by Redstone and MS&AD Ventures, with Antler and Greens Ventures also participating. SolvaPay said the money will fund its payment infrastructure for what it calls “agentic commerce.” (eu-startups.com) SolvaPay’s pitch is that software agents need a way to discover, access, and pay for tools like application programming interfaces, software subscriptions, and computing services without a human checking out each time. The company said its system is designed as machine-native rails rather than payment flows built for people clicking buttons. (finextra.com) That problem has started to get more attention as companies push artificial intelligence agents from chat interfaces into tasks like booking, procurement, and software operations. SolvaPay said existing payment systems are siloed across platforms, which limits autonomous transactions across services. (arcticstartup.com) The company is targeting an early market where one software service pays another in the background, instead of asking a person to re-enter card details or approve each purchase. Tech Funding News reported that SolvaPay plans to start with software-as-a-service companies and application programming interface providers as its first revenue base. (techfundingnews.com) SolvaPay was founded in Stockholm in 2022, according to Startup.eu, by Ingemar Svensson, Viggo Stenseth, and Tommy Berglind. Other coverage described the company as an artificial intelligence payments platform building infrastructure for businesses that want agents to transact across digital ecosystems. (startup.eu) (fintech.global) Investor lists across the funding reports were consistent on Redstone, MS&AD Ventures, Antler, and Greens Ventures, and Crunchbase also shows four investors in the pre-seed round. Antler describes itself as an early-stage investor focused on backing founders from inception. (crunchbase.com) (antler.co) The bet behind the round is straightforward: if artificial intelligence agents are going to spend money, they will need payment infrastructure built for software first. SolvaPay now has fresh capital to try to build that layer before larger payment companies move deeper into the same market. (finextra.com) (tech.eu)