Forward Deployed Engineer

Jeeves raised $110 million to scale its stablecoin-native banking platform: HedgeCo.Net - Miami-based Jeeves on September 29, 2026 announced $110 million in equity funding to scale its stablecoin-native banking platform for global enterprises, according to the company's PR Newswire release and Bloomberg. CoinFund led the round, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator, and others. Jeeves said it is launching a proprietary stablecoin wallet with payouts to 190 countries and expanding its stablecoin card offering from 25 to 35 countries, including additional Latin American markets, with a new Madrid office. The company cited more than $5 billion in annualized total platform volume across cards and payments, and said stablecoin-settled activity has reached about $1.5 billion annualized platform volume after roughly eight months of growth from near zero. Bloomberg framed the raise as funding for a stablecoin wallet, AI agents, and broader instant payouts. Founder and CEO Dileep Thazhmon positioned Jeeves as banking infrastructure for multi-country enterprises rather than a single-market card product. CoinFund's David Pakman was quoted on Jeeves' enterprise stack running day-to-day operations atop stablecoins. For digital-asset and fintech allocators, the hard marks are the September 29 $110 million equity raise, CoinFund as lead, named participants including a16z, Coinbase Ventures, AllianceBernstein, and GIC, the 190-country wallet claim, and the company's stated volume figures. Do not invent valuation or prior-round totals beyond published coverage.

Jeeves raises $110 million equity round to scale its stablecoin-native banking platform for global enterprises across 35 countries. Sep 29, 2026, 14:00 ET Jeeves' revenue has grown 4x in 14 months and volume has tripled year-over-year, crossing $5 billion in annualized volume. Stablecoin volume has gone from zero to $1.5 billion annualized in eight months as Jeeves expands its stablecoin card and payment offering to 10 new countries. MIAMI, Sept. 29, 2026 /PRNewswire/ - Jeeves, the stablecoin-native banking platform for global enterprises, today announced $110 million in equity funding and the launch of its proprietary stablecoin wallet with payouts to 190 countries. The round was led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator and others. Saving global enterprises time and money, Jeeves is the financial operating system for thousands of businesses in sectors such as technology, mobility, financial services, retail, and e-commerce, including industry leaders like BMW, H&M, Lululemon, Burger King, Kavak and XP. Over 80% of customers utilize multiple products, including corporate cards, accounts payable and treasury payments, spend management, and agentic workflows, positioning the company as the default stablecoin-native platform for financial operations among global businesses. The raise comes as Jeeves surpasses $5 billion in annualized total platform volume across its card and payments products. Stablecoin is the fastest-growing part of that volume. Eight months ago, stablecoin-settled activity on Jeeves was effectively zero. It is now running at $1.5 billion annualized platform volume, driven by enterprises that use Jeeves to move money between markets where correspondent banking is slow or expensive. Jeeves is expanding its stablecoin card offering from 25 to 35 countries, including Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay and Uruguay. That expansion means Jeeves covers nearly every market in Central and South America. Combined with its existing coverage across North America, the United Kingdom, and Europe, Jeeves' stablecoin card and spend management platform now reaches 35 countries in total. As part of the announcement, Jeeves is opening an office in Madrid to expand its core stablecoin-native cards and payments offering globally. "The enterprises that choose Jeeves are global by default, requiring corporate cards, accounts payable, treasury payments, and financial automation that span continents, and every one of them is tired of legacy infrastructure that wasn't built for that. We built Jeeves as a banking platform on stablecoin rails because that's the only way to give companies the same speed and cost structure moving money between São Paulo and Berlin that they get transacting within one country. That is what a stablecoin-native banking platform for global business actually looks like," said Dileep Thazhmon, Founder and CEO of Jeeves. Alongside the raise, Jeeves is launching a proprietary stablecoin wallet with instant payouts to 190 countries, a global AI spend tracking solution, and an accounts receivable (AR) module. Together, they give companies a single system to move money, track spend, and get paid, without stitching together banks, spreadsheets and point solutions across every market they operate in. "Stablecoins are fundamentally changing finance for enterprises, but thus far, very few companies have created robust stablecoin-based infrastructure ideally suited to enterprises. Jeeves has built a full enterprise stack that allows enterprises to run their day-to-day operations, corporate cards and invoice payments atop stablecoins, bringing speed, modern money capabilities and much lower costs to their customers. Jeeves has real distribution among companies already operating across Latin America, the United States and Europe, and that combination of technology and adoption is why we led this round." said David Pakman, Managing Partner and Head of Venture Investments at CoinFund. With this round, Jeeves moves from a payments tool used by finance teams to the banking infrastructure enterprises use to move money everywhere they do business. About Jeeves Jeeves is the global financial operating system for enterprises that do business in multiple countries. Jeeves gives businesses physical and virtual corporate cards, accounts payable and treasury payments, and a spend management platform on a single piece of infrastructure, running on stablecoin rails that settle in minutes instead of days. AI agents handle reconciliation and financial automation, and accounts receivable and other financial workflows run on the same foundation. Thousands of enterprises worldwide, including BMW, Lululemon, Burger King, XP, and Kavak, use Jeeves to move billions of dollars a year. SOURCE Jeeves

Jeeves has raised $110 million from investors including Andreessen Horowitz and Coinbase to expand its crypto infrastructure. The fintech company, founded in 2019, offers corporate cards and expense management tools primarily for businesses in Latin America and emerging markets. Between 50% and 60% of Jeeves' international payments now settle using stablecoins, mainly USDC. The platform supports dedicated stablecoin accounts for USDC and EURC, enabling instant, low-fee transactions that bypass traditional banking systems. The company has raised over $570 million in total across equity and debt rounds, reaching a peak valuation of $2.1 billion in 2022. Jeeves' payment volume has grown from approximately $400 million to over $3 billion, with plans to expand into more than 25 countries. The new funds will support stablecoin wallet development, AI agents, and instant payouts.