Miami-based fintech Jeeves has secured $110 million in a Series C funding round. The investment was led by CoinFund, with participation from Andreessen Horowitz, Coinbase Ventures, and AllianceBernstein. Since its founding in 2019, the company has raised over $570 million in total equity and debt financing.
The new capital will support the launch of proprietary stablecoin wallets, which will handle USDC and USDT, and the deployment of AI-powered automation tools for expense management and compliance. Jeeves also plans to expand its instant payout services into 10 new countries, increasing its total operational footprint to approximately 35 nations.
Jeeves currently processes 50–60% of its international payment volume via stablecoins. The company reports an annualized total payment volume exceeding $3 billion, with projections reaching $6 billion. Revenue from stablecoin infrastructure reached an annualized $1.5 billion within eight months of its launch.
CEO Dileep Thazhmon reported that the company has seen a tenfold increase in transaction volume and revenue over the past two years. In 2022, the firm reached a peak valuation of $2.1 billion. The platform currently targets small and mid-sized businesses, particularly in emerging economies, to facilitate cross-border financial operations.
