Jeeves indicates that in the past 14 months, the company's revenue has quadrupled, and the platform's trading volume has increased by three times year-on-year, with the annualized trading volume exceeding 5 billion US dollars. As Jeeves expanded its stablecoin cards and payment services to 10 new countries, the trading volume related to stablecoins grew from zero to an annualized 1.5 billion US dollars within 8 months.
Miami, September 29, 2026 / PRNewswire / – The stablecoin-native banking platform Jeeves, aimed at global enterprises, announced today that it has completed a $110 million equity financing round and launched its own stablecoin wallet, enabling payments to 190 countries.
This round of financing was led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator, and others.
According to Jeeves, as a financial operations system, it helps global enterprises save time and costs, serving thousands of corporate clients in industries such as technology, transportation, financial services, retail, and e-commerce. These clients include industry leaders such as BMW, H&M, Lululemon, Burger King, Kavak, and XP. Over 80% of the clients utilize multiple products, including corporate cards, accounts payable and fund payments, expenditure management, and intelligent agent workflows, which has made the company the default stablecoin-native platform in the field of global corporate financial operations.
During this financing round, the annual total transaction volume of the Jeeves platform in cards and payment products has exceeded $5 billion. Stablecoins are the fastest-growing segment among them. Eight months ago, business settled in stablecoins on the Jeeves platform was virtually non-existent; today, the annual platform transaction volume for this segment has reached $1.5 billion, mainly driven by enterprises that use Jeeves to transfer funds between markets with slow or costly correspondent banking systems.
Jeeves is expanding the coverage of its stablecoin card business from 25 countries to 35 countries, with new additions including Argentina, Costa Rica, Dominican Republic, Guatemala, Panama, Peru, Paraguay, and Uruguay. This expansion means that Jeeves now covers almost all markets in Central and South America. Combined with its existing coverage in North America, the UK, and Europe, Jeeves's stablecoin cards and expenditure management platform currently cover a total of 35 countries. As part of this announcement, Jeeves will also establish an office in Madrid to further expand its core stablecoin native cards and payment services globally.
Jeeves Founder and CEO Dileep Thazhmon stated: "Companies that choose Jeeves are inherently global in their operations. They need enterprise cards, accounts payable, fund payments, and financial automation that can span continents, yet every company is tired of traditional infrastructure that is not designed for these purposes. We have built Jeeves as a banking platform based on stablecoins, because only in this way can companies transfer funds between São Paulo and Berlin with the same speed and cost structure as they would when trading within a single country. This is what a native stablecoin banking platform for global enterprises should look like."
While raising funds, Jeeves also launched its own stablecoin wallet, enabling instant payments to 190 countries; introduced a global AI expenditure tracking solution; and launched the accounts receivable (AR) module. Jeeves states that these products collectively provide enterprises with a unified system for transferring funds, tracking expenditures, and collecting payments, without the need to use separate bank systems, spreadsheets, and point-to-point solutions in each market they operate in.
CoinFund, the managing partner and head of venture capital, David Pakman stated: "Stablecoins are fundamentally changing corporate finance, but to date, there are still very few companies that have truly created a robust stablecoin infrastructure suitable for enterprise use. Jeeves has established a complete enterprise-level product stack that enables businesses to operate their daily operations, manage corporate cards, and make invoice payments on top of stablecoins, bringing customers faster speeds, more modern financial capabilities, and lower costs. Jeeves has already built a real distribution capability among businesses operating in Latin America, the United States, and Europe, and it is this combination of technology and adoption rate that is why we led this round of financing."
Jeeves indicates that through this round of financing, the company will transform from a payment tool used by its financial team to a banking infrastructure utilized by the enterprise for transferring funds in all markets where it operates.
About Jeeves
Jeeves is a global financial operations system designed for multinational enterprises. Jeeves provides enterprises with physical and virtual corporate cards, accounts payable, and fund payments, as well as an expenditure management platform. All these services are built on the same infrastructure and operate on a stable currency framework, reducing settlement times from several days to just a few minutes. AI handles reconciliation and financial automation, while accounts receivable and other financial workflows also run on this same foundation. Thousands of enterprises around the world, including BMW, Lululemon, Burger King, XP, and Kavak, use Jeeves to transfer billions of dollars each year.
