Business identity network and fraud intelligence platform Baselayer has raised $35 million in Series A funding. The round was led by M13 with participation from Torch Capital, Picus Ventures, Afore Capital, and Matt Thompson of fellow Finovate alum Socure.

In addition to the investment, Baselayer announced the launch of its Agentic Identity Suite, an interoperable trust layer and agentic fraud consortium for the global agentic economy.

“Every era of commerce has required a new trust layer, but historically that infrastructure gets built only after fraud and abuse make the problem impossible to ignore,” Baselayer Co-Founder and CEO Jonathan Awad said. “Agentic commerce is moving too fast for the industry to repeat that mistake. We already help one in five US financial institutions answer, ‘Can I trust this business?’ Now we’re building the infrastructure they need to answer, ‘Can I trust this agent, who does it represent, and what is it allowed to do?”

Agentic commerce is growing rapidly. According to Stripe, 70% of the commands used to access its data through its API now come from AI agents. Major card networks like Visa, Mastercard, and American Express have launched agent commerce protocols, and Shopify has activated agentic sales channels by default for approximately one million merchants. At the same time, agentic commerce is moving faster than the trust infrastructure necessary to ensure safe and secure transactions. Current financial infrastructure is built to recognize individuals and companies, not autonomous AI agents operating for them. This means that banks, merchants, and platforms need to know who an agent represents, what it is authorized to do, and whether the party the agent is acting on behalf of can be trusted.

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