Visa Invests in Replit to Power Agentic Payments for Developers

["Visa has announced an undisclosed investment in AI coding platform Replit, marking a significant move in the emerging field of agentic payments. The two companies are also exploring how to integrate Visa's payment products into Replit, enabling developers and the AI agents they build to accept payments directly from customers without leaving the platform.", "The partnership between Visa and Replit is built on a foundation of existing collaboration. Over 1,000 Visa employees have been using Replit for prototyping and development.

As part of the partnership, the companies are exploring ways for developers on Replit to leverage Visa's suite for AI-powered payments, called Visa Intelligent Commerce, as well as Visa's Trusted Agent Protocol. This protocol allows AI agents to securely identify themselves by sharing information like their intent and relevant customer details, ensuring that payments made by agents can be verified and trusted.", "The investment reflects a broader race to establish the infrastructure for agentic payments — a world in which AI agents buy and sell things on users' behalf. Other tech companies, such as retail investing platform Robinhood and Google, are also moving quickly in this space.

Replit's CEO and founder, Amjad Masad, sees the investment as a validation of his company's mission to make coding accessible to anyone in a secure and robust manner.", "Replit is also launching self-serve enterprise access, allowing companies to sign contracts worth up to $200,000 without interacting with a salesperson. This tier offers enterprise-grade compliance and controls, including single sign-on, audit logs, and advanced permissions. Masad believes that this new offering, combined with the company's continued customer and partner additions in the enterprise, brings Replit closer to a world where any team can go from idea to production-ready software quickly and securely.", 'The valuation of Replit has risen rapidly in recent times, tripling in under six months to $9 billion.

The company raised $400 million in a Series D led by Georgian Partners in March, following a $3 billion valuation in September of last year. With low churn and high customer retention rates, Replit is poised for continued growth in the AI coding platform space.']