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Baselayer has raised $35 million in a Series A funding round to expand its identity infrastructure for artificial intelligence agents. The round was led by M13, with participation from Torch Capital, Picus Ventures, Afore Capital, and Matt Thompson of Socure. In addition to securing funding, the New York-based company has launched its Agentic Identity Suite.

The platform's primary goal is to help financial institutions detect autonomous agents before they can complete transactions. Baselayer was founded in 2023 by Jonathan Avad and Timothy Hyde. Jonathan Avad serves as CEO, and Timothy Hyde is the CTO.

Previously, the company focused on business identity and risk infrastructure for financial institutions. Currently, the platform supports over 2,300 financial institutions and payment companies. Baselayer claims that its technology has helped clients prevent over a billion dollars in fraud losses.

As AI agent systems increasingly perform tasks previously assigned to humans—such as opening accounts, moving funds, making purchases, and conducting business operations—a new trust challenge arises for financial infrastructure. Traditional identity systems were built with people and companies in mind but are not designed to verify autonomous software acting on behalf of a third party.

The company aims to become the trust layer for institutions dealing with autonomous agents, as they need to know which specific agent is operating and who authorized its actions. Furthermore, they need to understand the agent's scope of authority. Baselayer states that static fraud controls can block legitimate users while ignoring sophisticated attacks. Its Agentic Identity Suite is designed to close this gap and assess the possibility of a secure transaction by an agent.

The system is intended to provide cryptographic verification around agents and the organizations they represent. Baselayer is extending its existing business identity network into the realm of the agent economy. The company already provides identity verification services and risk infrastructure for financial and payment enterprises. Its network includes over 2,300 institutions across the United States. Baselayer also collaborates with agent developers, card networks, and payment companies. Among its partners and clients are FIS, Prove, Socure, Exa, and Parallel Web Systems.

The company is involved in shaping new standards for agent authentication and identification, including the FIDO Alliance Authentication Working Group and the x402 Identification Working Group. Baselayer works alongside companies such as Cloudflare, Google, Visa, and Mastercard.

According to the company, common standards will become critically important as agent commerce expands. This funding comes amid large payment companies developing infrastructure for AI-driven commerce. Stripe reported that about 70% of API requests now come from AI agents. Visa, Mastercard, and American Express have also implemented agent commerce protocols, and Shopify has provided agent sales channels to approximately one million merchants. These developments point to the broader application of autonomous systems in commercial operations.

McKinsey predicts that agent commerce could redirect between $3 trillion and $5 trillion in retail spending by 2030. Baselayer believes that such growth will require more robust identity and fraud prevention infrastructure. The company plans to evolve around emerging standards while expanding its agent products.

Karl Alomar, Managing Partner at M13, noted that Baselayer already possesses valuable operational infrastructure, citing its network of financial institutions and existing risk data. Baselayer stated that the new funding will be directed toward expansion into this nascent market.

Ande, which has emerged from stealth mode, announced the raising of over $52 million in funding, combining seed and Series A rounds. Leaders of this round included Lightspeed Venture Partners, Redpoint Ventures, Duration Ventures, and Sierra Ventures; Bain Capital Ventures also participated in the financing.

The company's main goal is to service large enterprises' expenses for corporate events. These expenses include client dinners, team outings, sporting events, catering, and corporate gifts. Enterprises are estimated to spend around $325 billion annually on such activities.

Despite significant spending, the booking process remains fragmented across various systems. Ande solves this problem by integrating all these activities into a single corporate platform. Employees can book experiences while finance and legal departments maintain control over expenditures. The company spent two and a half years digitizing venue data.

The platform uses agent workflows to automate administrative tasks. These workflows can identify suitable venues, route requests for approval, and manage contracts. Furthermore, they support payments and expense reconciliation, significantly reducing manual work for teams managing corporate entertainment programs.

Ande provides a shared workspace for employees involved in corporate entertainment. Executive assistants and office managers can handle requests alongside marketing teams. Managers can also participate in approval processes through the same platform. Then, AI agents advance requests through stages of approval, signing, and payment.

Currently, the platform is used by over 60 enterprises. Among Ande's clients are Cloudflare, Salesforce, McGraw Hill, and Netskope. Other clients include Navan, Sigma Computing, Monday.com, Workato, and Semgrep. These clients account for over $400 million in annual entertainment spending through Ande, with clients reporting savings of 12% to 15%.

The platform also provides teams with better transparency regarding their entertainment programs. Ande's model addresses both sides of each transaction: companies gain procurement infrastructure, and venues gain access to corporate buyers. The company has also trained its AI model for enterprise-specific entertainment workflows.

Ande's network includes over 93,000 entertainment venues, and currently, more than 1,600 hotel properties are direct partners of the platform. Partners include Altamarea Group, Che Fico, and Gracious Hospitality. Other partners include JKS and The Mina Group. Tao Group Hospitality and Wolfgang Puck are also among its hospitality sector partners. Ande provides these companies access to corporate clients through a single distribution channel, as venues traditionally lacked specialized corporate sales networks.

Ande aims to fill this gap through its marketplace. The platform allows venues to offer their services to corporate buyers and interact with companies and manage transactions through the network. This forms a two-sided model for Ande.

Enterprises gain easier access to venues, and the hospitality industry gains corporate demand. Ande's new funding will be directed towards further developing its native AI platform, as well as expanding its network among corporate buyers and venues.

CEO Lohit Sarma emphasized that entertainment plays an important role in business relationships, highlighting its significance for culture, sales, and client interaction. Venture investors also see opportunities in this fragmented market.

Arif Janmohamed from Lightspeed Venture Partners described Ande as a bridge between companies and venues. Alex Bard, Managing Director at Redpoint Ventures, noted Sarma's experience in the enterprise space and the founder's ambition. Ande positions itself as the infrastructure for corporate entertainment, and its AI agents are designed to reduce the administrative burden across the entire booking process. The company's growth will depend on expanding both sides of its network.

Paymob announced that it has raised $35 million in its current Pre-Series C funding round. This increases the company's total raised capital to over $125 million. New investors include Mubadala Investment Company and EBRD, with participation from British International Investment, Global Ventures, and DPI Ventures.

The capital raised will be used to expand Paymob's operations in the Middle East and North Africa markets. The company plans to scale up digital payment acceptance in existing markets and develop new products specifically for small and medium-sized businesses.

Another priority will be supporting developing agency commerce applications. Currently, Paymob operates in Egypt, UAE, Saudi Arabia, and Oman, serving over 390,000 merchants. The company continues to focus on its strengths: payment acceptance and creating financial tools tailored for merchants.

Paymob offers businesses an omnichannel payment platform that allows them to accept both online and offline payments through a single technological layer. The platform processes over 60 payment methods, integrating payment gateways, point-of-sale terminals, SoftPOS, and payment links. Furthermore, it enables the provision and sale of subscriptions and installments, as well as receiving and managing mass payouts with real-time reporting setup. Paymob also utilizes integrated fraud detection and is PCI DSS certified, providing merchants with a unified infrastructure for managing various payment channels.

Paymob's model solves the problem of payment market fragmentation in the MENA region, as sellers often require multiple integrations to support local payment options. Paymob consolidates these methods through a single integration, reducing the technical and operational burden of managing multiple channels.

Paymob's most significant growth recently has been observed in the Gulf countries. Over the last 18 months, its consolidated revenue has tripled, and revenue from GCC countries has grown sevenfold over the same period. This region now accounts for nearly half of Paymob's total revenue.

The company has also expanded its merchant base in the Gulf markets after obtaining a retail payment services license from the UAE. This license was issued by the Central Bank of the UAE in January 2025. Following this, Paymob continued to build its presence in the Gulf region. The latest funding was secured amid a more selective investment climate in MENA, despite pressure on fintech investments across the region.

Paymob was founded in 2015 by Alian El Hajem, Islam Shawki, and Mostafa El Menassy. Islam Shawki serves as the Chief Executive Officer. The founders created Paymob based on the need to simplify digital payment acceptance. Since then, the company has entered four MENA markets.

The new funding will support product development for SMEs and the creation of infrastructure for agency commerce. Agency commerce involves using software agents to complete transactions on behalf of users, which requires secure and efficient support for these operations from the payment infrastructure. Paymob is positioning its platform for this new market, using its existing payment infrastructure as a foundation for broader seller services. The attracted capital will provide additional resources for regional expansion and product development.

This funding strengthens Paymob's position, transforming it from an Egyptian fintech project into a pan-African MENA payment platform. The company believes that the new programs will allow sellers to process payments across a wider range of channels while increasing access to digital financial services.