Jeeves, a stablecoin-native banking platform serving global enterprises, has secured $110m in equity financing and unveiled its own stablecoin wallet capable of sending payouts to 190 countries.
CoinFund led the investment. Other backers included AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator, among others.
The funding follows strong growth for the business. Revenue has quadrupled over 14 months, and volume has tripled compared with the previous year. Annualised total volume across its card and payments products now exceeds $5bn.
Stablecoin activity is growing faster than any other part of the platform. Jeeves stated that eight months ago it was practically non-existent, and it now runs at $1.5bn in annualised volume. The company said this growth comes from enterprises using Jeeves to transfer funds between markets where correspondent banking is costly or sluggish.
Jeeves is also widening the reach of its stablecoin card, taking it from 25 countries to 35. The new markets include Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay and Uruguay. As a result, the company now serves almost all of Central and South America, in addition to its existing presence in North America, the United Kingdom and Europe. Jeeves will also open a Madrid office to support the global rollout of its stablecoin-native cards and payments services.
Alongside the wallet, the company is introducing an AI-powered global spend tracking tool and an accounts receivable module. Together, these products let businesses send money, monitor expenditure and collect payments in one system. Companies no longer need to piece together banks, spreadsheets and standalone tools in each market where they operate.
Jeeves acts as a financial operating system for businesses trading across several countries. Its offering brings physical and virtual corporate cards, accounts payable, treasury payments and spend management together on one piece of infrastructure.
Jeeves founder and CEO Dileep Thazhmon said, “The enterprises that choose Jeeves are global by default, requiring corporate cards, accounts payable, treasury payments, and financial automation that span continents, and every one of them is tired of legacy infrastructure that wasn’t built for that.
“We built Jeeves as a banking platform on stablecoin rails because that’s the only way to give companies the same speed and cost structure moving money between São Paulo and Berlin that they get transacting within one country. That is what a stablecoin-native banking platform for global business actually looks like.”
CoinFund managing partner and head of venture investments David Pakman said, “Stablecoins are fundamentally changing finance for enterprises, but thus far, very few companies have created robust stablecoin-based infrastructure ideally suited to enterprises.
“Jeeves has built a full enterprise stack that allows enterprises to run their day-to-day operations, corporate cards and invoice payments atop stablecoins, bringing speed, modern money capabilities and much lower costs to their customers. Jeeves has real distribution among companies already operating across Latin America, the United States and Europe, and that combination of technology and adoption is why we led this round.”
Copyright © 2026 FinTech Global
