Jeeves Lands $110M Equity for Stablecoin-Native Banking Push
The equity round, announced September 29, 2026, is earmarked for scaling Jeeves' stablecoin-native banking platform across 35 countries, with no investors named in the release.
Jeeves has closed a $110M equity round, capital the company says will go toward scaling its stablecoin-native banking platform for global enterprises operating across 35 countries.
The raise was announced on September 29, 2026. It is an equity round. The announcement did not name any lead or participating investors, and it did not disclose a valuation, headcount, revenue figure, or prior funding history.
Jeeves describes itself as international banking infrastructure for global startups. The product it is now funding at scale is a stablecoin-native banking platform aimed at global enterprises, with the company putting its reach at 35 countries. That is the footprint the new capital is intended to extend.
Use of proceeds, as stated in the announcement, is scaling: taking the stablecoin-native platform to more of the global enterprises it serves. No other specific allocation — hiring targets, product lines, or regional build-outs — was given.
What the release does establish is the shape of the bet. Jeeves is positioning stablecoin rails as the foundation of a banking platform for companies that operate across borders, and it is pitching that stack to enterprises rather than to consumers. The 35-country figure is the clearest measure the company offered of how far that platform already reaches.
What it leaves open is equally notable. There is no investor roster attached to the $110M, which makes it difficult to read who is underwriting the thesis or at what price. There are no disclosed commercial metrics — no client count, no volume, no growth rate — that would show how much traction the platform has won inside those 35 countries. And there is no breakdown of how the capital will be spent beyond the broad goal of scaling.
For a company selling cross-border banking infrastructure, the round size itself is the message: $110M in equity is a substantial commitment to the idea that stablecoin-native settlement can carry enterprise banking across dozens of markets. The gaps in the announcement — investors, valuation, and operating numbers — are the details to watch as the capital gets deployed.
Press
- Jeeves (YC S20) Raises $57 Million Series B Led By CRV At $500 Million Valuation To Fuel Launch In UK, Europe, And ColombiaPR Newswire · 9/2/2021
- Jeeves, The Fintech Built For Global Companies, Launches Its All-In-One Corporate Card And Capital Financing Services For High-growth Startups In CanadaPR Newswire · 10/26/2021
About the Company
International banking infrastructure for global startups.
Jeeves is an all-in-one corporate spend and expense management platform for businesses in global markets including North America, Latin America, Europe, and the UK. Cash, corporate cards, and cross-border payments all run on the Jeeves proprietary infrastructure which allows companies to spin up their finance function within minutes. Jeeves can handle multiple currencies for payback. More than 3,000 companies across the world trust Jeeves with their financial payments tack. Jeeves has raised $380 million from Andreessen Horowitz, CRV, GIC, Tencent, Silicon Valley Bank, Stanford University, and Y Combinator to fuel its international expansion. Our product platform covers the following: 1. Jeeves Pay: Do you need to send capital calls between US & LATAM? Need cross-border payments that arrive as soon as the same day? Transfer money internationally to over 150 countries at competitive FX rates with Jeeves Pay. Payments arrive as quickly as the same day between North America, South America, and Europe. Credit line options available depending on region. 2. Jeeves Cards: Equip your team with globally-accepted physical cards for in-person purchases. Ship cards overseas for free or create virtual cards in seconds for secure, online purchases. Prepaid & credit options available depending on region. 3. Expense Management: Collect receipts through the mobile app, review expenses in real time, and streamline global reporting capabilities - all at no additional cost. Benefits of the Jeeves Payments and Spend Management global platform include: -- Free built-in expense management tools -- No personal guarantees or contracts -- Unlimited cards and users for free -- No monthly fees or software fees -- Competitive cross-border payment pricing -- Spend and pay in your preferred currencies -- Business accepted in Brazil, Canada, Colombia, Mexico, the EU, the UK, and the US. Built for global companies. Loved by finance teams, incl