X Pay said Zerra Ventures, Skyland Ventures, BigBull Capital and Credit Scend participated in its private investment round, backing the company's development of programmable payments for AI agents and digital services.

The announcement identified four investors but did not disclose the size of the round, the company's valuation or individual allocations. The participation described here is attributed to X Pay's announcement, rather than independently verified financing documents.

Related reporting: TRM finds AI agents drive at most 7.5% of x402 commerce

Four investors named in the private round

X Pay's announcement named Zerra Ventures, Skyland Ventures, BigBull Capital and Credit Scend as private-round backers. Its public company updates also identify the same group. Neither naming an investor nor publishing a company announcement establishes how much each participant contributed or the terms of its investment.

The company framed the backing around continued development of its technology, ecosystem and developer infrastructure. The announcement did not provide a detailed spending breakdown or a delivery timetable for those activities.

What X Pay is building

X Pay describes its business as payment infrastructure for AI agents, application programming interfaces, software-as-a-service products and onchain applications. The central idea is to make a payment part of a software request, rather than require a separate manual checkout for every interaction.

For example, an application could request access to a paid API, receive the service's payment requirements and complete an authorized payment before obtaining the response. This is a description of the intended workflow, not evidence that every proposed use case has been deployed.

How x402 fits into the product

The company connects that strategy to x402, an open payment protocol built around the HTTP 402 Payment Required response. The protocol and X Pay are distinct: x402 supplies a common way to express payment requirements, while a service such as X Pay supplies implementation and payment-processing infrastructure around that standard.

Readers can consult The Token Press guide to x402 payments for an explanation of payment requirements, signed authorization and settlement. A company's support for an open protocol should not be read as ownership of that protocol or an endorsement by its creators.

What the announcement establishes, and what it does not

The stated investor backing is a company-reported funding development. It does not by itself verify revenue, customer adoption, security testing, regulatory approval or the commercial readiness of every proposed product. Those questions require separate evidence.

This report concerns the earlier four-investor private-round announcement. It should not be conflated with subsequent funding statements or treated as a new financing announcement today. Any later amount, expanded investor list or product milestone must be evaluated against its own dated sources.

Sources

Publication history: First published on 16 September 2026 as a company press release. Rewritten in a neutral news format and reclassified on 23 October 2026 (Dubai time), with the original publication date retained. The funding statements remain attributed to the company; The Token Press has not independently examined the financing documents.