Head of Global Risk

Jeeves launches corporate card for Latin American companies and introduces international payments system: how it works. The company presented a system that allows settling international payments in minutes and opening corporate accounts from up to 191 countries. Jeeves announced the launch of Jeeves Instant Pay, a global payments infrastructure based on stablecoins, along with a corporate card backed by this type of digital asset for Latin American companies with entities in the United States. According to the company, the platform enables companies incorporated in up to 191 countries to open corporate accounts and settle international payments in minutes in active corridors. According to the company, the new infrastructure aims to facilitate cross-border transfers for companies operating between Latin America, the United States, Europe, and Asia. According to information released by the company, the stablecoin infrastructure already drives over 50% of Jeeves' international payment volume and has recorded 400% quarter-over-quarter growth. International payments and cross-border operations. The Jeeves Instant Pay system uses stablecoin rails as infrastructure to transfer value globally, while finance teams continue to operate with fiat currencies in their internal processes. The payments network currently has active corridors originating in Mexico, Brazil, the United States, and Europe. The company indicated that new routes are added progressively based on demand. The platform has also enabled disbursements to China, allowing sending funds to suppliers with settlement in Chinese yuan (CNY) or US dollars (USD) from Latin America, the United States, and Europe. Impact on corporate treasury management. According to the company, the system aims to reduce the settlement time for international payments, which in traditional banking processes can take between two and five business days. The proposal plans to reduce this period to minutes in active corridors. The company notes that this approach can influence three aspects of corporate financial management: liquidity, by reducing capital retained during the settlement process; margins, by decreasing exposure to exchange rate fluctuations and intermediary fees; and control, through greater traceability and simplification of accounting reconciliation. "Seeing a corporate customer try Instant Pay for the first time and realize that a payment from Brazil to the United States, or even to China, can be settled in ten minutes is what modern infrastructure makes possible. That same transfer typically takes 24 to 48 hours. It feels like operating in the year 2050," said Dileep Thazhmon, CEO and founder of Jeeves. Corporate card backed by stablecoins. Jeeves also introduced a stablecoin-backed corporate card aimed at Latin American companies operating with entities in the United States. This structure allows funding corporate cards using balances from treasury infrastructure based on stablecoins. The company indicated that this model seeks to reduce the time between allocating treasury resources and their use in operational expenses for companies managing payments to suppliers, payroll, marketing, or international operations. According to the company, Jeeves Instant Pay operates under corporate compliance standards that include KYB (Know Your Business) verifications and anti-money laundering (AML) controls in accordance with applicable regulatory frameworks. The process involves initiating a transfer in the company's available currency. Subsequently, Jeeves uses stablecoin rails to move the value, and the recipient receives the funds in the corresponding currency in their bank account or through an enabled local system. "Companies shouldn't have to wait days for their international payments to be processed when technology allows moving value in minutes. By combining stablecoin-driven infrastructure, global account opening, and corporate cards, we are giving finance teams the tools to operate globally with greater speed, visibility, and control," said Dileep Thazhmon, CEO and founder of Jeeves. *This content was rewritten with the assistance of artificial intelligence, based on information from Jeeves. According to the criteria of Related topics Suggestions EL TIEMPO NEWSLETTERS EL TIEMPO GOOGLE NEWS EL TIEMPO WHATSAPP EL TIEMPO APP SUBSCRIBE TO THE DIGITAL EDITION Stay updated

Jeeves secures $100M financing from CIM. * byAraceli Dominguez * December 12, 2025 * 1 minute read Jeeves, a global financial infrastructure platform, secured a $100M financing facility from Community Investment Management (CIM). As part of the transaction, CIM increased its total credit line with Jeeves from $75M to $175M. Jeeves provides financial tools to companies across sectors such as technology, mobility, logistics, and e-commerce in Mexico. Its offering includes corporate cards, expense control tools, payment solutions, and credit products designed to give finance teams greater visibility and control. The capital will be used to expand its credit capacity and serve more businesses in Mexico through its corporate expense management platform, which includes cards, payments, and treasury services. Read more on El Economista * tags: * CIM * credit line * fintech * Jeeves. Araceli is a marketer and has been a volunteer and organizer of Hackathons, Startup Weekends, and H/F Community. She's currently PR Manager at Magma Partners, where she helps startups to develop communication strategies in the United States and Latin America.