Jeeves, an all-in-one corporate card and expense management platform, has reached a $2.1bn valuation after the close of its Series C on $180m.
Investing giant Tencent served as the lead backer, with commitments also coming from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, Clocktower Ventures, Urban Innovation Fund, Haven Ventures, Gaingels, Spike Ventures, the family offices of two FAANG founders, and Mastercard president Carlo Enrico, of Latin America.
With the capital injection, the WealthTech company plans to expand across Latin America, Canada and Europe. Funds will also be used to scale its infrastructure to cover more currencies, acquire top-tier talent and accelerate the onboarding of new companies on the platform.
Over the past 12 months, Jeeves has raised over $380m in funding, having previously raised $57m in September at a $500m valuation. Since then, it has doubled its client base to over 3,000 companies and increased its revenuce by 900%.
Jeeves, which supports companies across 24 countries, offers and all-in-one corporate spend and expense management platform. Its services include corporate cards and cross-border payments.
Jeeves CEO and founder Dileep Thazhmon said, “While we are in one of the toughest environments for startup funding this year, we are excited in the trust investors have, not only in Jeeves but in growing businesses who will be able to use our financial products globally.”
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