# Avici

> Avici is a self-custodial crypto neobank offering cards and virtual accounts while users keep custody of funds.

Source: https://www.neobank.wiki/wiki/avici
Last updated: 2026-08-11
Categories: Financial technology, Global fintech, Self-custody finance, Consumer neobanks, Cryptocurrency companies, Companies founded in 2024

**Avici** is a self-custodial, crypto-native [neobank](/wiki/neobank) founded in 2024. It combines a non-custodial wallet with Visa cards and virtual USD/EUR accounts for on-ramping, aiming to let users spend onchain balances without handing over custody.[^avici1]

## 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](/wiki/avici), a self-custodial crypto [neobank](/wiki/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.

## Infobox

- **Type**: Private / app
- **Founded**: 2024
- **Founders**: Sitaram Kakarlamudi, Abhishek Tiwari, Varun Lohade
- **Headquarters**: San Francisco, U.S.
- **Model**: Self-custody crypto neobank
- **Card**: Visa (partner-issued)

## Frequently asked questions

### What is Avici?

Avici is a self-custodial crypto neobank offering cards and virtual accounts while users keep custody of funds.

### When was Avici founded?

Avici was founded in 2024.

### Where is Avici headquartered?

Avici is headquartered in San Francisco, U.S..

### Who founded Avici?

Avici was founded by Sitaram Kakarlamudi, Abhishek Tiwari, Varun Lohade.

### What type of company is Avici?

Avici is described as Self-custody crypto neobank in its neobank.wiki profile.


## References

[^avici1]: Avici describes itself as self-custodial software; cards and fiat accounts use regulated partners.