Jeeves raises $110M to put stablecoins under corporate finance

Jeeves has raised $110 million in a Series C-1 led by CoinFund to expand the financial platform it sells to multinational businesses. The Miami company brings corporate cards, supplier invoices, cross-border payments and spending controls into one system, giving finance teams a shared view of transactions across countries.

In practice, a company can issue physical or virtual cards with limits attached, route invoices for approval and pay suppliers from the same dashboard. Jeeves says its software categorizes transactions and matches them to supporting documents, while roles and approval rules follow employees across markets instead of being rebuilt country by country.

The less visible change is in the payment rail. Jeeves says international payouts can travel over stablecoin infrastructure rather than through correspondent banks. Its legal disclosures make the boundary clear: Jeeves is not a bank, uses licensed third parties to move money and may rely on Bridge’s stablecoin corridors for certain transfers from Latin America into US dollars.

The new equity will fund a proprietary wallet supporting USDC and USDT, an accounts-receivable module, AI-based spend tracking and an expansion of its stablecoin corporate card to 10 additional countries. FinTech Futures also reports that Jeeves opened a Madrid office as it pushes farther into Europe, the Middle East and Africa.

Jeeves says annualized volume across its card and payment products has passed $5 billion, with stablecoins representing its fastest-growing segment. FinTech Futures names BMW, Lululemon, H&M, Burger King and Nubank as clients. The volume figure measures payments moving through the platform, not Jeeves’ revenue.

In March 2022, Jeeves raised a $180 million Series C at a $2.1 billion valuation for a platform then centered on expense management, corporate cards and cross-border payments. The smaller follow-on round puts a different layer at the center: a planned wallet and stablecoin settlement beneath the same day-to-day finance work.