Corporate payments platform Jeeves has secured a massive US$110 million funding round, signaling a significant shift in how international businesses manage cross-border capital. 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.
This financial milestone arrives alongside a major infrastructure overhaul for the firm, which is moving beyond simple corporate cards to provide a full-stack financial ecosystem. By leveraging blockchain technology to facilitate rapid settlement, Jeeves is positioning itself as a primary alternative to traditional, often sluggish, legacy banking systems.
Stablecoins as the Backbone of Global Finance
At the heart of the company’s recent growth is its aggressive adoption of stablecoin rails. Just eight months ago, the platform’s stablecoin settlement activity was effectively non-existent. Today, that volume has skyrocketed to an annualized pace of US$1.5 billion.
CEO Dileep Thazhmon argues that stablecoins are the only viable solution for businesses that operate globally, such as those moving funds between hubs like São Paulo and Berlin. By utilizing these digital assets, Jeeves enables companies to achieve the same speed and cost efficiency for international transactions as they do for domestic payments. This infrastructure now supports a footprint spanning 35 countries, with the latest expansion adding markets across Central and South America, including Argentina, Peru, and Uruguay.
Product Innovation and AI-Powered Automation
Alongside the funding news, Jeeves is debuting three core products aimed at consolidating the fragmented financial workflows that currently plague multi-national corporations. These include a proprietary stablecoin wallet capable of instant payments to 190 countries, an AI-powered expense tracking solution, and a dedicated accounts receivable module.
The move toward AI-integrated expense management suggests a broader industry trend where fintech companies are shifting from being mere providers of capital to becoming automated financial operating systems. By combining money movement, bill payments, and treasury management into a single interface, Jeeves aims to eliminate the reliance on disparate spreadsheets and third-party software that often complicate the accounting processes of growing enterprises. More than 80% of the firm’s existing customers—which include heavyweights like H&M, Lululemon, and BMW—are already utilizing multiple products from the platform’s expanding suite.
Mexico as a Strategic Growth Engine
The Mexican market has become a blueprint for Jeeves’ global strategy. Between the start of 2026 and August, the company saw its revenue in the country jump by 57%, with gross transaction volume (GTV) surging alongside it. Real-world applications of the platform in the region highlight its utility; local firms, such as textile importers and wealth management agencies, are increasingly using Jeeves to handle multi-currency payments and treasury operations that would otherwise be hampered by slow local banking rails.
To support this ongoing momentum, the company is intensifying its investment in local talent, engineering, and regulatory compliance. Furthermore, the firm is establishing a new office in Madrid to facilitate a smoother rollout of its card and payment services throughout Europe.
As the fintech landscape continues to consolidate, Jeeves’ focus on an “enterprise stack” that integrates crypto-native rails with traditional corporate finance appears to be gaining significant traction. By solving the “last mile” of cross-border payments, the company is betting that the future of international trade will rely less on traditional banking networks and more on high-speed, programmable digital infrastructure.
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