Jeeves raises $110M led by CoinFund

Corporate payments platform Jeeves successfully raised $110 million in a funding round led by CoinFund, with participation from a number of prominent investors. The platform provides services such as corporate cards, accounts payable, treasury payments, and expense management for companies operating in multiple markets.

Jeeves serves thousands of clients, including well-known companies like BMW, H&M, Lululemon, Burger King, Kavak, and XP. The funding will be used to expand Jeeves' product offerings and global presence.

Recently, Jeeves launched a stablecoin wallet enabling instant payments to 190 countries, and expanded its stablecoin card offering to 35 countries. Additionally, the company opened an office in Madrid.

Jeeves has surpassed $5 billion in annualized platform volume, having tripled its payment volume year-over-year. Stablecoin volume has reached $1.5 billion, up from virtually nothing eight months ago. Revenue has quadrupled over the past 14 months.

More than 80% of Jeeves' customers utilize multiple products from the company.