Jeeves Raises $110M to Expand Stablecoin Banking Platform
Jeeves Raises $110M to Scale Stablecoin Banking Jeeves has raised $110 million in equity funding to expand its stablecoin-native banking platform. CoinFund led the round with participation from several major The post Jeeves Raises $110M to Expand Stablecoin Banking Platform appeared first on Ventureburn .
Jeeves has secured $110 million in equity funding to scale its stablecoin-native banking platform. The investment led by CoinFund was joined by major investors including AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, and Y Combinator. The funding comes as Jeeves surpasses $5 billion in annualized platform volume, with stablecoin-settled activity reaching $1.5 billion within eight months.
The company is expanding its stablecoin card offerings to 35 countries, including new markets in Central and South America. Jeeves is also launching a stablecoin wallet to support instant payouts across 190 countries and introducing AI-powered spend tracking and automated reconciliation solutions. CEO Dileep Thazhmon emphasizes the need for financial infrastructure that works across borders, with stablecoin rails providing faster and more consistent movement of funds.
With the latest capital, Jeeves aims to expand product development, international operations, and deepen its stablecoin infrastructure for global enterprises.
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