Jeeves has raised $110 million in equity funding led by CoinFund. The round included participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator, among other investors.
Founded in 2019 by Dileep Thazhmon, Jeeves is a Miami-based fintech company that provides financial infrastructure for businesses operating across multiple countries. Its platform combines physical and virtual corporate cards, accounts payable, treasury payments and spend management, with stablecoin infrastructure used for cross-border settlement.
The financing comes as Jeeves expands its stablecoin-based products and geographic coverage. The company is extending its stablecoin card offering from 25 to 35 countries, with new markets including Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay and Uruguay. Jeeves is also opening an office in Madrid to support the international expansion of its cards and payments business.
Alongside the funding, Jeeves is launching a proprietary stablecoin wallet supporting instant payouts to 190 countries, a global AI spend-tracking product and an accounts receivable module. The products are intended to bring payments, corporate spending and incoming receivables into the same financial platform.
Jeeves said its annualized platform volume across cards and payments has surpassed $5 billion, representing a threefold year-over-year increase. The company also reported that its annualized stablecoin volume reached $1.5 billion within eight months and that revenue grew fourfold over a 14-month period.
