Avici

History

Avici launched as an internet-native banking interface on crypto rails, emphasising self-custody software rather than a traditional banking charter. Card issuing and fiat accounts are provided through partners.

Founders

Sitaram Kakarlamudi is co-founder of Avici, a self-custodial crypto neobank launched in 2024 to turn stablecoins into spendable cards, virtual accounts and credit without giving up custody. Based in the San Francisco Bay Area, he has framed Avici as rebuilding banking from first principles on wallets and stablecoins for people poorly served by legacy rails.

Abhishek Tiwari and Varun Lohade co-founded Avici with Kakarlamudi, helping build the product stack that combines a non-custodial wallet with partner-issued Visa cards and virtual USD/EUR accounts for on-ramping—positioning Avici in the emerging self-custody neobank category.

Self-custody neobank model

Avici combines a non-custodial wallet with partner-issued cards and virtual accounts so users can spend stablecoins without surrendering keys. Card issuing and fiat rails use regulated partners; Avici itself markets software rather than a traditional bank charter.

Products

Self-custodial wallet, Visa credit cards (via partners such as Rain), virtual bank accounts for ACH/SEPA-style on-ramps with conversion to stablecoins, and a roadmap toward onchain credit products.