Jeeves, a financial platform for multinational enterprises, has raised $110 million in equity funding led by CoinFund and launched a proprietary stablecoin wallet, as it repositions itself as stablecoin-native banking infrastructure for global companies.
According to the company's announcement, as reported by Pulse 2 and The Paypers, other investors include AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator. The valuation was not disclosed.
The new wallet supports payouts to 190 countries. Jeeves also expanded its stablecoin card offering from 25 to 35 countries and added global AI spend tracking and an accounts receivable module. It is entering Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay and Uruguay, and is opening an office in Madrid.
The company reported the following metrics, none of which has been independently verified:
Revenue has grown fourfold over 14 months.
Transaction volume has tripled year over year to more than $5 billion on an annualized basis.
Stablecoin-settled activity has reached roughly $1.5 billion annualized, up from close to zero eight months earlier.
Jeeves serves thousands of companies, and more than 80% use multiple products.
Named customers include BMW, H&M, Lululemon, Burger King, Kavak and XP.
Chief executive Dileep Thazhmon said enterprises operating across continents need financial automation that legacy infrastructure was not built to provide. David Pakman of CoinFund said stablecoins are changing finance but few companies have built infrastructure suited to enterprise needs.
The round is notable for its investor mix. Crypto-native funds (CoinFund, Coinbase Ventures, ParaFi, Wintermute) sit alongside traditional institutions such as AllianceBernstein, GIC and Vista. On the company's own figures, stablecoin settlement remains well under a third of total volume, but its rapid growth from a standing start suggests enterprise demand for stablecoin rails is moving beyond pilots.