Jeeves, a stablecoin-native banking platform for global enterprises, announced US$110 million in equity funding and the launch of its proprietary stablecoin wallet with payouts to 190 countries. The company also revealed strong growth, with annualized platform volume surpassing US$5 billion and stablecoin volume reaching US$1.5 billion on an annualized basis. The funding will support product expansion and international growth as enterprises seek faster alternatives to legacy banking rails.
Funding Details and Investor Participation
The round was led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator, and others. Jeeves has recorded a fourfold increase in revenue over 14 months, while total volume tripled year over year. The new capital positions the company to deepen its stablecoin infrastructure and widen its enterprise customer base.
Enterprise Adoption and Platform Volume
Jeeves operates as a financial operating system for thousands of businesses across technology, mobility, financial services, retail, and e-commerce. Customers include BMW, H&M, Lululemon, Burger King, Kavak, and XP, and more than 80% of clients use multiple Jeeves products. The company's tools cover corporate cards, accounts payable, treasury payments, spend management, and agentic workflows, making it a default stablecoin-native platform for global financial operations.
Stablecoin Growth and Geographic Expansion
Stablecoin activity has become the fastest growing portion of Jeeves' platform, rising from effectively zero eight months ago to US$1.5 billion in annualized volume. Jeeves is expanding its stablecoin card offering from 25 to 35 countries, including Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay, and Uruguay. This expansion covers nearly every market in Central and South America and adds to existing coverage across North America, the United Kingdom, and Europe.
Market Context and Enterprise Demand
The rise in stablecoin volume reflects demand from enterprises that move money between markets where correspondent banking remains slow or expensive. Jeeves customers use the platform to settle corporate card and payment activity across regions without depending on legacy financial intermediaries. This shift supports the company's broader goal of replacing fragmented banking processes with stablecoin-native infrastructure.
New Product Capabilities
Alongside the funding, Jeeves is introducing a proprietary stablecoin wallet with instant payouts to 190 countries, a global AI spend tracking solution, and an accounts receivable module. These offerings give enterprises one system to move money, monitor spending, and collect payments without relying on fragmented banking and spreadsheet workarounds. Jeeves is also opening an office in Madrid to support its expanding stablecoin cards and payments business globally.
Executive Views on Stablecoin Infrastructure
Dileep Thazhmon, Founder and CEO of Jeeves, said global enterprises need cards, accounts payable, treasury payments, and automation that span continents, but legacy infrastructure was not built for that. He argued stablecoin rails give companies the same speed and cost structure when moving money between São Paulo and Berlin as within one country. David Pakman of CoinFund said few companies have created robust stablecoin infrastructure, while Jeeves has combined technology and adoption across Latin America, the United States, and Europe.
With this round, Jeeves is moving from a payments tool used by finance teams to banking infrastructure that enterprises rely on across every market. The new wallet, global payout capability, and broader stablecoin card coverage strengthen its value proposition for multinational companies. As stablecoin adoption accelerates, Jeeves aims to serve as the financial operating system for businesses that operate across borders by default.