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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

2025

Launched Nevermined Pay: virtual card delegation product letting AI agents spend on real credit card rails via x402 protocol.

2025

Raised $4M in Seed VC-II round, bringing total raised to $7.02M.

2025

Exa confirmed as live reference customer for agent-initiated API payments via Nevermined-delegated card.

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

1 layer disclosed in Nevermined’s embedded-finance stack

Payments / PSP

Stripe Braintree

Accounting gap: none

Nevermined — frequently asked

Who is Nevermined's payment processor?

Nevermined processes payments through Stripe and Braintree.

Where is Nevermined headquartered?

Nevermined is founded in 2022 and headquartered in Zug, Switzerland.

How much funding has Nevermined raised?

Nevermined has raised $7.02M in total (latest round: Seed VC - II, ~2025).

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