Key Takeaways
- • Jeeves closed a $110 million Series B funding round led by CoinFund, with participation from major institutional investors including Andreessen Horowitz, Coinbase Ventures, AllianceBernstein, and Y Combinator, among others.
- • The platform launched a proprietary stablecoin wallet capable of executing payouts to 190 countries, enabling settlement in minutes rather than days on blockchain rails.
- • Jeeves serves thousands of global enterprises including BMW, Lululemon, Burger King, XP, and Kavak, facilitating billions of dollars in annual transactions through unified corporate cards, accounts payable, treasury payments, and spend management infrastructure.
- • The platform integrates AI-powered agents for reconciliation and financial automation, consolidating accounts receivable and other financial workflows on a single stablecoin-based foundation.
Summary
Jeeves, a Miami-based stablecoin-native banking platform, has secured $110 million in equity funding to expand its global enterprise financial infrastructure. The round was led by CoinFund and included participation from a diverse set of institutional and venture investors, including Andreessen Horowitz, Coinbase Ventures, AllianceBernstein, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, and Y Combinator.
The capital raise accompanies the launch of Jeeves' proprietary stablecoin wallet, which supports payouts to 190 countries. By leveraging stablecoin settlement rails, the platform reduces transaction settlement from days to minutes, addressing a critical pain point for multinational enterprises managing complex cross-border payments. The unified infrastructure combines physical and virtual corporate cards, accounts payable systems, treasury payment capabilities, and spend management tools on a single foundation.
Jeeves positions itself as a global financial operating system for enterprises conducting business across multiple jurisdictions. The platform automates financial workflows through AI agents that handle reconciliation and other back-office functions, while also supporting accounts receivable and related processes on the same stablecoin-based infrastructure. The company reports that thousands of enterprises worldwide, including multinational brands such as BMW, Lululemon, Burger King, XP, and Kavak, currently utilize the platform to move billions of dollars annually. This funding round reflects institutional confidence in the enterprise adoption of blockchain-based financial infrastructure and stablecoin rails for treasury and payments use cases.
The capital raise accompanies the launch of Jeeves' proprietary stablecoin wallet, which supports payouts to 190 countries. By leveraging stablecoin settlement rails, the platform reduces transaction settlement from days to minutes, addressing a critical pain point for multinational enterprises managing complex cross-border payments. The unified infrastructure combines physical and virtual corporate cards, accounts payable systems, treasury payment capabilities, and spend management tools on a single foundation.
Jeeves positions itself as a global financial operating system for enterprises conducting business across multiple jurisdictions. The platform automates financial workflows through AI agents that handle reconciliation and other back-office functions, while also supporting accounts receivable and related processes on the same stablecoin-based infrastructure. The company reports that thousands of enterprises worldwide, including multinational brands such as BMW, Lululemon, Burger King, XP, and Kavak, currently utilize the platform to move billions of dollars annually. This funding round reflects institutional confidence in the enterprise adoption of blockchain-based financial infrastructure and stablecoin rails for treasury and payments use cases.
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