Jeeves raises $110M to scale stablecoin-native banking platform for global payments

Jeeves Inc., a stablecoin-focused banking platform, has raised $110 million in equity funding to scale its platform for global payments. The investment round was led by CoinFund, with participation from various venture capital firms and investment companies. Jeeves' platform allows global enterprises to use stablecoin tokens pegged to local currencies for corporate cards, accounts payable, treasury payments, spend management, and agentic workflows.

With the stablecoin market valued at $290-$300 billion, Jeeves aims to provide faster and cheaper cross-border transactions compared to traditional banking networks. The company has already surpassed $5 billion in annualized total platform volume and is expanding its stablecoin card offering to 35 countries, including Central and South America.

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