Hey there!

It’s Sparsh here!👋 

AI agents are getting smarter, automating everything from booking flights to managing logistics. But when it comes to payments, they hit a dead end. Financial infrastructure is built for humans, not machines.

We spoke to the founders of Prava, who are solving this gap with a payments API and smart wallets designed for AI agents. 🤖 

This isn’t just another fintech tool—it’s the next financial backbone for the next era of AI-driven automation. ⚙️ 

Let's dive in to know more!🚀

Table of Contents

• 🔎Setting the Stage

• ⚡Quick Take

• 📌Core Insights

• 🔍 Behind the Strategy

• 👥 Meet the Makers

CONTEXT
🔎Setting the Stage

1. The market opportunity for Prava is substantial, driven by two key factors:

   • 📊AI Market Growth: The global AI market is projected to reach $1.81 trillion by 2030, growing at a CAGR of 37.3%. 📈 

   • 🪙Digital Payments Expansion: The global digital payments market is expected to hit $12.55 trillion by 2027.🌐

2. As AI agents become more prevalent, the need for autonomous transactional capabilities will become critical across all sectors. 💱

3. Integrating AI-driven automation into even a small fraction of these transactions represents a significant opportunity. 🪙 

SISIR RADAR OVERVIEW
⚡Quick Take

COMPANY BACKGROUND
📌Core Insights

• 🌏Headquarters: San Francisco, USA

• 👥Core Team: Sushant Pandey and Subham Kukreti

• 💼Business Model: B2B SaaS model, offering a payments API and smart wallets for AI agents

• 🏢Founded: 2024

• 📈Traction: Growing waitlist of 50+ customers with a 30% week-on-week growth, including AI agent developers and startups; over 45 customer interviews conducted with positive validations.

🔍 Behind the Strategy

🤔What’s Exciting?

• 🏆Directly addresses a significant and emerging need: Prava focuses on providing a payment infrastructure specifically designed for autonomous AI agents, which current payment systems do not accommodate.

• 📡Offers secure and autonomous transactions: The concept of user-controlled wallets for AI agents enables them to transact within set boundaries, which is crucial for building trust and enabling autonomous workflows.

• 🎯Incorporates built-in security and compliance features: The inclusion of financial security guardrails directly within the product simplifies developers' compliance and enhances the trustworthiness of AI-driven transactions.

🤔What’s Risky?

• 📊Reliance on the development and acceptance of AI agents for financial tasks: The success of Prava hinges on the continued advancement and widespread adoption of AI agents that require autonomous payment capabilities.

• ⚙️Ensuring the ongoing security and accuracy of AI agent transactions: Maintaining the security of AI agent wallets and preventing errors in a dynamic AI environment will be a continuous and complex task.

• 💻Navigating the competitive landscape: Prava operates within a space that includes established payment processors and potential new entrants targeting AI payments, requiring a clear and compelling differentiation.

⌛How It All Started

Every startup has its turning point—according to the founders, their breakthrough came during a hackathon in Singapore, sparking the idea behind Prava. Here's the full anecdote.

👥 Meet the Leaders

Sushant Pandey | Shubham Kukreti