Corporate payments and expense management platform Jeeves has successfully secured $110 million in a new funding round led by CoinFund, marking a significant milestone for the cross-border financial technology company as it scales its operations, product offerings, and global footprint. The investment round drew strong participation from a prominent roster of venture capital firms and institutional investors, including AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, and Y Combinator. This high-profile syndicate underscores the growing institutional appetite for robust multi-market corporate financial infrastructure, particularly solutions integrating traditional financial rails with modern digital asset capabilities.
Founded to address the complex financial needs of companies operating across multiple borders and jurisdictions, Jeeves provides a comprehensive suite of financial services. Its platform integrates corporate cards, accounts payable automation, treasury payments, and advanced expense management into a single unified system. This infrastructure is designed to help modern businesses streamline their financial workflows, manage multi-currency expenditures, and gain real-time visibility into their corporate spending. Today, Jeeves serves thousands of corporate clients worldwide, ranging from fast-growing technology startups to established multinational enterprises. Its impressive client roster includes major global brands such as BMW, H&M, Lululemon, Burger King, Kavak, and XP.
The newly acquired capital will be deployed primarily to accelerate Jeeves’ ongoing product development and further expand its operational footprint across key international markets. Demonstrating immediate momentum on this front, the company recently launched a dedicated stablecoin wallet designed to facilitate instant corporate payments to 190 countries worldwide. In tandem with this wallet launch, Jeeves has aggressively scaled its stablecoin-powered corporate card offering, expanding its availability from 25 to 35 countries. To support this rapid international scaling and better serve its expanding customer base, the company has also established a new office in Madrid, strategically positioning itself to deepen its engagement with European markets.
These strategic expansions coincide with a period of extraordinary growth across Jeeves’ core financial metrics. The company recently surpassed $5 billion in annualized platform volume, a testament to its surging adoption after tripling its total payment volume year over year. A significant driver of this growth has been the rapid ascent of digital asset integration within the platform. Annualized stablecoin volume has skyrocketed to $1.5 billion, climbing from virtually zero just eight months prior. Alongside this surge in transaction volume, Jeeves’ overall revenue has quadrupled over the past 14 months, highlighting strong unit economics and high customer value. Furthermore, product adoption remains exceptionally high across the platform, with more than 80 percent of Jeeves customers actively utilizing multiple products within the ecosystem, reflecting the deep integration of the platform into its clients’ day-to-day financial operations.
