Lava Payments, a fintech startup founded by Mitchell Jones to transform AI-driven transactions, has secured $5.8 million in seed funding. The round was led by Lerer Hippeau and supported by Harlem Capital, Streamlined Ventures, and Westbound. Lava is a digital wallet that lets merchants use usage credits to facilitate transactions, according to TechCrunch. Why Lava Exists Jones launched the startup after leaving his previous Y Combinator-backed fintech startup, Lendtable, where he began experimenting with AI. While building a basic form-filling agent, he continued to experience the same issues. “I was using