Nevermined
“Can a payments infrastructure layer built around the x402 protocol become the default financial rail for autonomous AI agent commerce?”
Founded2022
HQZug, Switzerland
Total raised$7.02M
Latest roundSeed VC - II, ~2025
IndustryInfrastructure / Payments
The story
Founded in 2022 as a decentralized AI payments protocol focused on agent-to-agent commerce. Evolved toward practical embedded finance infrastructure for AI agents, building out metered API access control, fiat card delegation, and the x402 micropayment standard. The Nevermined Pay launch in 2025 marked a shift from crypto-native settlement toward real card rails (Visa, Stripe) so AI agents can autonomously spend without human checkout, targeting API providers and agentic workflow platforms as the merchant side.
Last 12 months
Product timeline
2022
Nevermined founded in Zug, Switzerland as a decentralized AI payments protocol.· pivot
2024
Launched payment infrastructure for AI agents, including usage-based billing and settlement in cryptocurrency and fiat.· banking
2025
Launched Nevermined Pay — a virtual card delegation product allowing AI agents to spend on real Visa and Stripe card rails via x402 protocol.· card
2025
Raised $4M Seed round (total raised $7.02M) to scale agentic commerce infrastructure.· acquisition
The stack
Accounting gap: none