Financial technology firm Jeeves has secured a massive US$110 million funding round, signaling a significant shift in how multinational corporations handle cross-border payments. The capital infusion, led by CoinFund and supported by major industry players like Andreessen Horowitz, Coinbase Ventures, and Y Combinator, comes as the company reports that its Mexico-based revenue has more than doubled over the past year.
Jeeves is leveraging these funds to transition from a standard corporate expense management provider into a comprehensive global financial infrastructure hub. By integrating stablecoin-based rails into its core service, the company aims to resolve the inefficiencies inherent in traditional banking systems, particularly for businesses operating across diverse regulatory and currency landscapes.
Scaling Stablecoin Infrastructure for Enterprise
At the heart of Jeeves’ growth is the rapid adoption of stablecoins as a medium for corporate treasury and international vendor payments. The company noted that just eight months ago, its stablecoin transaction volume was negligible. Today, that figure has ballooned to an annualized run rate of US$1.5 billion.
CEO Dileep Thazhmon emphasized that traditional banking infrastructure is often ill-equipped for modern, globalized firms. By utilizing stablecoin rails, Jeeves provides the speed and cost-efficiency of domestic transfers for international operations, effectively bypassing the friction of legacy cross-border networks. This capability is now being expanded to 35 countries, with the company recently adding several Latin American markets, including Argentina, Peru, and Uruguay, to its coverage map.
AI-Driven Financial Automation
As part of the funding announcement, Jeeves is unveiling a suite of tools designed to modernize corporate financial workflows. This includes a proprietary stablecoin wallet capable of facilitating instant payments to 190 countries, effectively positioning the platform as a borderless banking solution.
Furthermore, the company is leaning into artificial intelligence to assist finance teams. The launch of an AI-powered global expense tracking solution aims to automate the complex task of reconciling international spending, which is often fragmented across multiple spreadsheets and localized banking portals. By consolidating money movement, expense monitoring, and accounts receivable into a single, automated infrastructure, Jeeves is attempting to replace the patchwork of point solutions that many multinational firms currently rely on.
Strategic Growth in Mexico and Beyond
Mexico has emerged as a cornerstone of the company’s international strategy. Beyond the impressive revenue growth, the company saw its gross transaction volume in the country jump 68% between early 2026 and August. The platform’s utility is demonstrated by its diverse user base, which includes major international brands like BMW, H&M, and Lululemon.
To support this expansion, Jeeves is aggressively scaling its operations. The company is actively bolstering its regulatory capabilities and engineering teams, while also opening a new office in Madrid to facilitate a broader rollout in Europe.
The success stories already emerging from its client base underscore the platform’s versatility. For instance, a Mexican textile importer has successfully centralized its international supplier payments through Jeeves, moving millions of dollars in both U.S. dollars and euros via the platform’s stablecoin integration.
As the business landscape becomes increasingly digital and decentralized, Jeeves is betting that its combination of high-speed stablecoin rails and AI-enhanced financial automation will set the standard for the next generation of enterprise fintech. With its latest funding secured, the company is now well-positioned to challenge traditional financial institutions by offering a unified, scalable, and globally accessible financial stack.
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