Jeeves Launches Embedded Finance Solution With a Focus on the Corporate Travel Sector in Brazil

Jeeves, a US-based fintech with a leading corporate credit and expense management platform, announces the launch of an embedded finance solution designed to optimize business travel management in Brazil.

Companies that process transactions for hotel and airline bookings, such as travel agencies, tour operators, and other businesses in the sector, can now take advantage of the benefits offered by VCN cards, eliminating common pain points such as lack of traceability, fraud, and limited expense control. 

A recurring challenge in corporate travel transactions is controlling and linking expenses to the respective travelers, which compromises traceability and makes the financial reconciliation process slower and more complex. 

Online travel bookings have also become a major target for fraudsters worldwide. According to a recent report by IATA, the airline industry accounts for 46% of all fraudulent payment transactions globally, making it one of the most targeted segments for digital fraud. Companies in the travel sector report significant financial losses as a result, and Brazil continues to see high rates of fraud driven by the growth of e-commerce and increasingly sophisticated attack methods. 

In this context, solutions that improve the security and control of transactions, such as VCN cards, have become essential to protecting company revenues and ensuring operational efficiency. 

The Virtual Card Number (VCN) is a digital payment card generated temporarily for specific transactions. It functions as a virtual card that allows predefined expiration dates, spending limits, and other usage restrictions. As a result, it significantly reduces the risk of fraud and 

misuse. Additionally, considering the fact that these numbers cannot be reused, the solution provides an extra layer of protection against cyberattacks and data breaches. 

This solution can be directly integrated by travel agencies and tour operators via API, giving them full autonomy to issue VCNs and manage expenses through the platform, resulting in greater speed and accuracy in the reconciliation process. Two out of the three largest travel 

agencies in Brazil have already adopted the Jeeves solution and are seeing significant results in their operations. 

What makes Jeeves’ VCN cards different 

Up to 37 days of credit 

While many companies offer corporate and VCN cards on a prepaid basis, Jeeves provides credit lines with up to 37 days for repayment, offering greater liquidity and flexibility for its users.

Smart controls for greater security 

With advanced features and an intuitive interface, Jeeves VCNs offer real-time monitoring, customizable limits, and full traceability of transactions. 

Unlimited rebate (B2B) 

In addition to optimizing corporate payments, Jeeves offers unlimited rebate (cashback), allowing companies to earn financial returns on their expenses and improve cash flow management. 

Seamless API integration 

Jeeves provides a simple API integration process, allowing companies to issue multiple VCNs autonomously and quickly. The company also offers a specialized team to support the entire integration process for a smooth and efficient rollout. 

“At Jeeves, we are committed to delivering financial solutions that combine technology, security, and efficiency for modern businesses. With the launch of VCN cards, we are taking a major step toward transforming the way the corporate travel sector handles payments and expense control. This is an innovation that removes operational friction and safeguards companies’ revenue in an increasingly challenging environment,” said Dileep Thazhmon, founder and CEO of Jeeves.