{"id":414729,"date":"2026-09-30T15:00:10","date_gmt":"2026-09-30T15:00:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/414729\/"},"modified":"2026-09-30T15:00:10","modified_gmt":"2026-09-30T15:00:10","slug":"jeeves-raises-110m-to-take-its-stablecoin-play-global","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/414729\/","title":{"rendered":"Jeeves raises $110M to take its stablecoin play global"},"content":{"rendered":"

Eight months ago, stablecoins barely registered on Jeeves<\/a>\u2019 platform. Today, they account for an annualized $1.5 billion in volume.<\/p>\n

That rapid shift is helping reshape the Miami-based fintech\u2019s business, and investors are putting another $110 million behind its push to build financial infrastructure for companies operating across borders.<\/p>\n

Jeeves announced this week that it had raised a $110 million equity round led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator and others.<\/p>\n

The funding comes amid a sharp period of growth for the company. Jeeves said its revenue had quadrupled over the past 14 months, while overall volume tripled year over year to more than $5 billion on an annualized basis.<\/p>\n

Stablecoin-settled activity has climbed from effectively nothing eight months ago to a $1.5 billion annualized run rate, according to the company. Jeeves said enterprises are increasingly using stablecoins to move money between markets where the traditional correspondent banking system can make international transfers slower or more expensive.<\/p>\n

\u201cThe 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\u2019t built for that,\u201d founder and CEO Dileep Thazhmon shared in a statement.<\/p>\n

\"\"Dileep Thazhmon, founder and CEO of Jeeves<\/p>\n

It is a major turn for a company that initially made its name providing corporate cards and expense management to startups and other businesses across Latin America. Jeeves is now pitching itself as something much broader: a stablecoin-based financial operating system that can handle much of a multinational company\u2019s day-to-day financial activity.<\/p>\n

The company said more than 80% of its customers already use multiple Jeeves products, which span corporate cards, accounts payable, treasury payments, spend management and automated financial workflows. Its customers include BMW, H&M, Lululemon, Burger King, Kavak and XP.<\/p>\n

\u2713<\/p>\n

Check your inbox for a confirmation email.<\/p>\n

The latest funding will help Jeeves take that model into more markets. Its stablecoin card offering is expanding from 25 to 35 countries, adding Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay and Uruguay, among others. The company said the expansion will give it coverage across nearly all of Central and South America, alongside existing operations in North America, the United Kingdom and Europe.<\/p>\n

Jeeves is also opening an office in Madrid as it pushes further into Europe.<\/p>\n

\u201cWe built Jeeves as a banking platform on stablecoin rails because that\u2019s the only way to give companies the same speed and cost structure moving money between S\u00e3o Paulo and Berlin that they get transacting within one country,\u201d Thazhmon said. \u201cThat is what a stablecoin-native banking platform for global business actually looks like.\u201d<\/p>\n

The company is putting more products on those rails as well. Alongside the funding announcement, Jeeves launched its own stablecoin wallet, which it said can make payouts to 190 countries. It also announced a global AI-powered spend tracking product and an accounts receivable module.<\/p>\n

For lead investor CoinFund, the attraction was less about stablecoins as a financial experiment and more about Jeeves finding a practical business use for them.<\/p>\n

\u201cStablecoins are fundamentally changing finance for enterprises, but thus far, very few companies have created robust stablecoin-based infrastructure ideally suited to enterprises,\u201d David Pakman, managing partner and head of venture investments at CoinFund, said in the press release.<\/p>\n

\u201cJeeves 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.\u201d<\/p>\n

Jeeves\u2019 latest numbers offer another sign that stablecoins are moving deeper into the plumbing of business finance. It\u2019s far from alone, with various Miami startups innovating in the area, including XFX<\/a>, Cyclops<\/a>, OpenFX<\/a>, alfred<\/a>. That\u2019s not too dissimilar from tokenization hitting the tradfi world, pioneered by Miami fintech Securitize, which exited to public markets in July.<\/a><\/p>\n

READ MORE IN REFRESH MIAMI:<\/p>\n

\"Riley<\/a> <\/p>\n

I am a Miami-based technology researcher and writer with a passion for sharing stories about the South Florida tech ecosystem. I particularly enjoy learning about GovTech startups, cutting-edge applications of artificial intelligence, and innovators that leverage technology to transform society for the better. Always open for pitches via Twitter @rileywk or www.RileyKaminer.com.<\/p>\n

\"Riley<\/a>Latest posts by Riley Kaminer (see all<\/a>) \t<\/p>\n","protected":false},"excerpt":{"rendered":"Eight months ago, stablecoins barely registered on Jeeves\u2019 platform. Today, they account for an annualized $1.5 billion in…\n","protected":false},"author":2,"featured_media":414730,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[225,227,226],"class_list":["post-414729","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hialeah","tag-hialeah","tag-hialeah-headlines","tag-hialeah-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/414729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=414729"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/414729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/414730"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=414729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=414729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=414729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}