Key Takeaways
- • $110 million Series funding announced September 29, 2026: Miami-based Jeeves closed an equity round led by CoinFund with participation from marquee investors including Andreessen Horowitz, Coinbase Ventures, AllianceBernstein, GIC, Y Combinator, and others, positioning the company to scale enterprise stablecoin banking infrastructure globally.
- • Stablecoin adoption accelerating rapidly: Jeeves reported $1.5 billion in annualized stablecoin-settled platform volume after approximately eight months of growth from near zero, demonstrating significant enterprise traction in blockchain-native payments alongside total platform volume exceeding $5 billion annualized across cards and payments.
- • Geographic and product expansion underway: The company is launching a proprietary stablecoin wallet with payouts capability to 190 countries and expanding its stablecoin card offering from 25 to 35 countries, including new Latin American markets and a recently opened Madrid office, signaling a shift toward multi-jurisdiction enterprise infrastructure rather than single-market card products.
- • Enterprise-grade positioning over consumer retail: CEO Dileep Thazhmon framed Jeeves as banking infrastructure enabling multi-country enterprises to run day-to-day operations atop stablecoins, with CoinFund's David Pakman highlighting the company's enterprise stack capabilities—differentiating from conventional fintech card issuers.
- • AI and instant payout infrastructure prioritized: Bloomberg reporting indicates the $110 million raise will fund development of stablecoin wallet technology, AI agents, and broader instant payment capabilities, reflecting investor conviction in programmable, automation-driven settlement infrastructure.
Summary
Jeeves, a Miami-based fintech platform, announced a $110 million Series equity funding round on September 29, 2026, aimed at scaling its stablecoin-native banking infrastructure for global enterprises. The round was led by CoinFund and included participation from a diverse syndicate spanning traditional asset managers, venture capital, and crypto-native investors: Andreessen Horowitz, Coinbase Ventures, AllianceBernstein, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, and Y Combinator, among others. The composition of investors—mixing institutional allocators like AllianceBernstein and GIC with crypto specialists—reflects growing mainstream acceptance of stablecoin-based enterprise payments.
The funding will support three core initiatives. First, Jeeves is launching a proprietary stablecoin wallet with payment settlement capabilities extending to 190 countries, expanding its existing stablecoin card offering from 25 to 35 supported jurisdictions with emphasis on new Latin American markets. Second, the company is establishing a Madrid office to support geographic expansion. Third, Bloomberg reported the capital will fund AI agent technology and enhanced instant payout infrastructure, positioning stablecoins as the operational backbone for multi-country enterprise finance rather than consumer retail use cases.
The traction metrics underscore early enterprise adoption. Jeeves reported over $5 billion in annualized total platform volume across its cards and payments products. More significantly, stablecoin-settled activity alone reached approximately $1.5 billion annualized platform volume following roughly eight months of growth from a near-zero base—a near-vertical adoption curve suggesting strong product-market fit among enterprises seeking blockchain-native settlement. CEO Dileep Thazhmon positioned the company as "banking infrastructure for multi-country enterprises," a characterization reinforced by CoinFund's David Pakman, who emphasized Jeeves' enterprise stack enabling operational day-to-day settlement atop stablecoins—a departure from traditional fintech card models built for individual or single-jurisdiction use.
For digital-asset and alternative allocators, the announcement signals market validation that enterprise stablecoin infrastructure has matured beyond speculative development. The syndicate breadth—combining traditional institutional capital, venture specialists, and crypto funds—suggests consensus that regulated stablecoin rails are becoming foundational for cross-border enterprise payments, particularly in regions like Latin America where Jeeves is concentrating expansion efforts.
The funding will support three core initiatives. First, Jeeves is launching a proprietary stablecoin wallet with payment settlement capabilities extending to 190 countries, expanding its existing stablecoin card offering from 25 to 35 supported jurisdictions with emphasis on new Latin American markets. Second, the company is establishing a Madrid office to support geographic expansion. Third, Bloomberg reported the capital will fund AI agent technology and enhanced instant payout infrastructure, positioning stablecoins as the operational backbone for multi-country enterprise finance rather than consumer retail use cases.
The traction metrics underscore early enterprise adoption. Jeeves reported over $5 billion in annualized total platform volume across its cards and payments products. More significantly, stablecoin-settled activity alone reached approximately $1.5 billion annualized platform volume following roughly eight months of growth from a near-zero base—a near-vertical adoption curve suggesting strong product-market fit among enterprises seeking blockchain-native settlement. CEO Dileep Thazhmon positioned the company as "banking infrastructure for multi-country enterprises," a characterization reinforced by CoinFund's David Pakman, who emphasized Jeeves' enterprise stack enabling operational day-to-day settlement atop stablecoins—a departure from traditional fintech card models built for individual or single-jurisdiction use.
For digital-asset and alternative allocators, the announcement signals market validation that enterprise stablecoin infrastructure has matured beyond speculative development. The syndicate breadth—combining traditional institutional capital, venture specialists, and crypto funds—suggests consensus that regulated stablecoin rails are becoming foundational for cross-border enterprise payments, particularly in regions like Latin America where Jeeves is concentrating expansion efforts.
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