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      Jeeves Secures $110 Million Investment for Crypto Expansion

      Jeeves, a fintech platform specializing in corporate cards and expense management, has successfully raised $110 million from notable investors including Andreessen Horowitz and Coinbase. The funding will be directed towards enhancing its crypto infrastructure, specifically focusing on the development of a stablecoin wallet, artificial intelligence agents, and facilitating instant payouts across additional countries.

      Founded in 2019 by Dileep Thazhmon and Sherwin Gandhi, Jeeves aims to simplify cross-border corporate payments. The company has reported that between 50% and 60% of its international payment volume is now settled using stablecoins, primarily USDC. This approach is particularly beneficial in regions with unstable local currencies, such as Argentina, where businesses face significant inflation challenges. Stablecoin transactions provide a more reliable alternative to traditional banking methods.

      Jeeves has raised over $570 million in total funding, achieving a peak valuation of $2.1 billion in 2022. The company has seen its total payment volume increase dramatically, from approximately $400 million to a run rate exceeding $3 billion, with ambitions to reach $6 billion. The investment from Coinbase not only supports Jeeves' growth but also enhances the demand for USDC, creating a beneficial cycle for both companies.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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