Jeeves Secures $110 Million in Funding to Expand Stablecoin-Native Banking Platform
Jeeves has raised $110 million in equity funding led by CoinFund and other major investors. The stablecoin-native banking platform, which serves global enterprises across multiple sectors including technology, retail, and e-commerce, is expanding its operations into 35 countries after a significant increase in revenue and volume growth. The company's annualized total platform volume has surpassed $5 billion, with stablecoin transactions growing from nearly zero to $1.5 billion within eight months. Jeeves plans to expand its card offering across Central and South America while launching new features such as a proprietary stablecoin wallet for instant payouts in 190 countries. Jeeves is positioning itself as the default platform for financial operations among global businesses by providing integrated solutions like corporate cards, accounts payable, treasury payments, spend management, and AI-driven tracking. The company's expansion includes opening an office in Madrid to support its growing international presence.
Topics: banking platform equity funding global expansion stablecoin