Jeeves Raises $110M Series C to Extend Stablecoin Corporate Banking to 35 Countries

Jeeves Closes $110 Million Series C to Scale Stablecoin-Native Corporate Banking

Miami-headquartered Jeeves has raised $110 million in an equity round designated as a Series C, with crypto-native investment firm CoinFund leading the deal. The raise brings fresh institutional capital behind the company's push to extend its stablecoin-settled corporate banking platform to 35 countries, up from 25.

The investor syndicate spans a range of capital types. Established venture franchises Andreessen Horowitz, CRV, Vista, and Y Combinator participated alongside CoinFund, as did sovereign wealth and institutional capital from GIC and AllianceBernstein. Crypto-sector specialists Coinbase Ventures, ParaFi, and Wintermute also joined the round, alongside Global PayTech Ventures.

What Jeeves Offers

Founded in 2019 — and widely reported as co-founded by Dileep Thazhmon — Jeeves operates a single infrastructure layer combining physical and virtual corporate cards, accounts payable, treasury payments, and spend management, all running on stablecoin rails. The company has also launched a proprietary stablecoin wallet with payout capability covering 190 countries.

The platform's stablecoin-settled volume has grown from negligible levels eight months ago to an annualised run rate of $1.5 billion, according to figures the company has disclosed publicly. Overall annualised platform volume has surpassed $5 billion. Revenue has quadrupled over the past 14 months, the company says.

Stablecoin-settled volume on the Jeeves platform has grown from negligible levels eight months ago to an annualised run rate of $1.5 billion, alongside overall platform volume exceeding $5 billion annually — metrics the company has cited publicly in connection with the raise.

Use of Proceeds and Geographic Expansion

Jeeves has stated that the funding will support an expansion of its stablecoin card product from 25 to 35 markets. New markets reported to be part of that expansion include Argentina, Costa Rica, Dominican Republic, Guatemala, Panama, Peru, Paraguay, and Uruguay, though editors note this country list derives from secondary coverage and is flagged for direct verification with Jeeves against the official press release.

The company's total equity and debt financing since founding has been reported at more than $570 million, though this figure is drawn from a single secondary source and has not been independently corroborated within this package.

Why It Matters

The round reflects a broader shift in institutional appetite for stablecoin infrastructure serving businesses rather than retail or trading audiences. The participation of sovereign wealth capital alongside crypto-specialist funds and established venture franchises illustrates the degree to which stablecoin-native financial tooling has moved into mainstream institutional consideration.

For Jeeves, the corporate card and spend management segment is a competitive one, with multiple fintechs offering multi-currency and cross-border treasury solutions to internationally operating businesses. What the company is positioning as distinctive — running the full product suite on stablecoin rails rather than layering digital assets onto a conventional banking core — is reflected in the composition of its investor base, which includes Coinbase Ventures, Wintermute, and ParaFi alongside more generalist growth investors.

The geographic profile of the expansion markets also warrants attention. Latin America has historically presented businesses with currency volatility and cross-border payment friction, and stablecoin-denominated products have gained traction in the region on precisely those grounds. Whether Jeeves can execute the expansion to 35 countries while sustaining recent volume growth rates will be a practical test of the infrastructure claims embedded in the round's narrative.

Note on publication date: Multiple sources in this package, including the primary PR Newswire release, carry a date of 29 September 2026. Editors should verify this date directly against the PR Newswire record prior to publication, as the year is outside the standard publication window and requires specific confirmation.