Miami – September 29, 2026 -- Jeeves, a stablecoin-native banking platform for global enterprises, has raised $110 million in equity funding and launched a proprietary stablecoin wallet with payouts to 190 countries.
Stablecoin volume surges from zero to $1.5 billion annualized in eight months
The Miami-based company's total platform volume across cards and payments has surpassed $5 billion annualized, tripling year-over-year, while revenue has grown 4x in 14 months. Stablecoin-settled activity, effectively nonexistent eight months ago, now accounts for $1.5 billion of that annualized volume, driven by enterprises moving money between markets where correspondent banking is slow or costly.
CoinFund leads round with backing from Andreessen Horowitz, Coinbase Ventures, GIC and Vista
The funding round was led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Wintermute, Y Combinator and Vista. David Pakman, Managing Partner and Head of Venture Investments at CoinFund, said Jeeves has built a full enterprise stack running corporate cards and invoice payments atop stablecoins, citing the company's existing distribution across Latin America, the United States and Europe as the basis for leading the round.
Jeeves expands stablecoin card coverage from 25 to 35 countries, opens Madrid office
The company is extending its stablecoin card offering to include Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay and Uruguay, giving it near-complete coverage across Central and South America. Combined with existing operations in North America, the United Kingdom and Europe, Jeeves' stablecoin card and spend management platform now spans 35 countries. Jeeves is also opening an office in Madrid to expand its cards and payments offering globally.
Over 80% of customers use multiple Jeeves products including cards, treasury and spend management
Jeeves serves thousands of businesses across technology, mobility, financial services, retail and e-commerce, including BMW, H&M, Lululemon, Burger King, Kavak and XP. More than 80% of customers use multiple products on the platform, spanning corporate cards, accounts payable, treasury payments, spend management and agentic workflows.
New AI spend tracking and accounts receivable modules round out platform launch
Alongside the funding, Jeeves is launching a global AI spend tracking solution and an accounts receivable module, joining the new stablecoin wallet with instant payouts to 190 countries. Founder and CEO Dileep Thazhmon said the platform was built on stablecoin rails to give companies the same speed and cost structure moving money between São Paulo and Berlin that they get transacting within one country.