Jeeves

Fintech · Stablecoins · Cross-Border Payments

Funding

Jeeves lands $110M Series C to power stablecoin banking across 35 countries

Correspondent transfers still take days to clear; on-chain settlement now moves enterprise cash in minutes.

• Jeeves raised $110 million in a Series C led by CoinFund, with Andreessen Horowitz, Coinbase Ventures and AllianceBernstein among the participants, to launch a proprietary stablecoin wallet with payouts to 190 countries.
• Founded in Miami in 2019 by Dileep Thazhmon and Sherwin Gandhi, Jeeves builds corporate cards, treasury and accounts-payable tools for global enterprises including BMW, H&M and Lululemon.
• The funding expands Jeeves' stablecoin corporate card from 25 to 35 countries, adding markets like Argentina, Costa Rica, Guatemala and Uruguay to cover nearly all of Central and South America.
• Jeeves' revenue has grown 4x in 14 months and total platform volume has tripled year-over-year to more than $5 billion annualized, with stablecoin volume alone jumping from zero to $1.5 billion annualized in just eight months.
• Jeeves has now raised over $570 million in combined equity and debt since founding, after previously hitting a peak valuation of $2.1 billion in 2022.
• Stablecoins are increasingly functioning as a parallel banking layer for global businesses bypassing slow, costly correspondent banking, not just a crypto trading tool.