Corporate payments platform Jeeves raised $110M in a round led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, and Y Combinator.
Jeeves provides corporate cards, accounts payable, treasury payments, and expense management for companies operating across multiple markets. The platform serves thousands of companies, including BMW, H&M, Lululemon, Burger King, Kavak, and XP.
Jeeves will use the funding to expand its products and global presence. Jeeves launched a stablecoin wallet for instant payments to 190 countries and expanded its stablecoin card offering from 25 to 35 countries. It also opened an office in Madrid.
Jeeves surpassed $5B in annualized platform volume after tripling its payment volume year over year. Annualized stablecoin volume reached $1.5B, up from almost zero eight months ago, while revenue quadrupled over the past 14 months. More than 80% of customers use multiple Jeeves products.
Source: LatamList
