Jeeves Secures $110M to Scale Stablecoin-Native Banking for Global Enterprises

Quick Summary

Jeeves is a stablecoin banking platform that provides global enterprises with a unified financial operating system. By leveraging stablecoin rails, Jeeves enables instant cross-border payouts to 190 countries, bypassing slow legacy infrastructure to offer faster, cheaper transactions for thousands of businesses including BMW and H&M.

How Does Jeeves Solve Global Banking Inefficiencies?

Jeeves addresses the friction of international money movement by replacing fragmented legacy systems with a stablecoin-native banking infrastructure. Traditional correspondent banking is often prohibitively slow and expensive for enterprises operating across multiple continents. By building on stablecoin rails, Jeeves allows a company to move capital between São Paulo and Berlin with the same speed and cost-efficiency as a domestic transaction.

• Proprietary stablecoin wallet launched with payouts to 190 countries.
• AI spend tracking and accounts receivable modules integrated into one system.
• Elimination of spreadsheets and disconnected point solutions for finance teams.

"The enterprises that choose Jeeves are global by default, requiring corporate cards, accounts payable, treasury payments, and financial automation that span continents, and every one of them is tired of legacy infrastructure that wasn't built for that. We built Jeeves as a banking platform on stablecoin rails because that's the only way to give companies the same speed and cost structure moving money between São Paulo and Berlin that they get transacting within one country. That is what a stablecoin-native banking platform for global business actually looks like," said Dileep Thazhmon, Founder and CEO of Jeeves.

What Results Has the Jeeves Platform Delivered?

The company has seen explosive growth metrics, recently surpassing $5 billion in annualized total platform volume. Stablecoin-settled activity has emerged as the fastest-growing segment, jumping from zero to $1.5 billion annualized volume in just eight months. This rapid adoption highlights the high-intent demand from global enterprises for modern money capabilities that reduce operational overhead.

• $110 million raised in equity funding to fuel global expansion.
• 80% customer retention across multiple products like corporate cards and treasury.
• $1.5 billion volume now running through stablecoin-settled transactions.

"Stablecoins are fundamentally changing finance for enterprises, but thus far, very few companies have created robust stablecoin-based infrastructure ideally suited to enterprises. Jeeves has built a full enterprise stack that allows enterprises to run their day-to-day operations, corporate cards and invoice payments atop stablecoins, bringing speed, modern money capabilities and much lower costs to their customers. Jeeves has real distribution among companies already operating across Latin America, the United States and Europe, and that combination of technology and adoption is why we led this round." said David Pakman, Managing Partner and Head of Venture Investments at CoinFund.

How is Jeeves Expanding its Global Footprint?

With the new funding, Jeeves is scaling its operations from 25 to 35 countries, effectively covering nearly every market in Central and South America. This expansion includes new markets such as Argentina, Peru, and Uruguay. To support this growth, Jeeves is also opening a Madrid office to serve as a hub for its European and global stablecoin-native card and payment offerings.

• 35 countries covered across North America, UK, Europe, and LatAm.
• New office in Madrid to drive global stablecoin-native expansion.
• 190 countries reached via the new proprietary stablecoin wallet.

FF NEWS TAKE:

This $110M raise proves that stablecoin banking is no longer a niche crypto play; it is becoming the preferred infrastructure for global enterprise finance. By hitting $1.5B in stablecoin volume in under a year, Jeeves has demonstrated that speed and cost are the ultimate needle-movers. This move directly challenges traditional cross-border giants by offering a unified financial stack that legacy banks simply cannot match.