Jeeves Secures $110 Million to Expand Stablecoin Banking Infrastructure

The financing round included participation from major industry players like Andreessen Horowitz, Coinbase Ventures, and Y Combinator. This capital injection arrives as the startup scales its stablecoin-based payment operations from 25 to 35 countries, with a heavy focus on Latin American markets. The company is also establishing a new office in Madrid to support its European expansion.

Beyond payment rails, Jeeves is diversifying its product suite by launching a proprietary stablecoin wallet capable of instant payouts to 190 countries, alongside new modules for accounts receivable and AI-driven spend tracking. These tools target a client base that includes BMW, Lululemon, and Burger King, companies that require seamless cross-border financial operations. CEO Dileep Thazhmon notes that by replacing traditional banking infrastructure with stablecoin rails, Jeeves provides enterprises with a cost structure that remains consistent regardless of geographic boundaries. CoinFund’s David Pakman highlighted that the firm’s investment was driven by the platform's ability to offer a full enterprise stack that manages corporate cards and invoice payments with significantly reduced settlement times.