Jeeves Inc. has secured $110 million in an equity funding round led by CoinFund. The round saw participation from investors including Andreessen Horowitz, Coinbase Ventures, AllianceBernstein, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, and Y Combinator.
The company operates a banking platform built on stablecoin infrastructure, which allows enterprises to manage corporate cards, treasury payments, and spend management. Jeeves currently processes over $5 billion in annualized total platform volume.
Stablecoin-settled activity has grown significantly, reaching $1.5 billion in annualized revenue within eight months. The platform serves major clients such as BMW, H&M, Lululemon, and Burger King.
Jeeves is expanding its stablecoin card services from 25 to 35 countries, focusing on Central and South American markets. The company is also launching a proprietary stablecoin wallet for instant payouts across 190 countries.
The firm, founded in 2019, shifted its focus from traditional financial infrastructure to stablecoin-backed solutions in late 2025 to improve cross-border transaction speeds and costs.
