Jeeves raises $110M to expand fintech offerings including stablecoin wallet

Jeeves, the Miami-based corporate payments company, closed a $110 million Series C round led by CoinFund, with Andreessen Horowitz, Coinbase Ventures, and AllianceBernstein also participating. The fresh capital will fund the launch of proprietary stablecoin wallets, AI-powered automation tools, and an expansion of instant payouts into 10 new countries.

Jeeves already operates in roughly 25 countries, primarily serving businesses across Latin America. Adding 10 more would push its footprint to around 35.

Stablecoins as the backbone, not the gimmick

Jeeves now processes more than 50-60% of its international payment volume through stablecoins, primarily USDC. The company’s annualized total payment volume surpasses $3 billion and is reportedly on track to hit $6 billion. Stablecoin-related revenue alone reached $1.5 billion annualized within eight months of launching the infrastructure. The entire company hit a peak valuation of $2.1 billion back in 2022.

The new stablecoin wallets will support both USDC and USDT, giving corporate clients the ability to hold, send, and receive dollar-denominated digital assets without touching a traditional bank account.

CEO Dileep Thazhmon has pointed to over 50% revenue growth since financing negotiations began. He also noted a tenfold increase in both transaction volume and revenue over the past two years, achieved with what the company describes as a lean workforce.

The AI agents angle

Alongside stablecoins, Jeeves is deploying what it calls agentic AI tools that can handle expense categorization, compliance checks, and payment routing without human intervention.

Jeeves’ Instant Pay product leverages stablecoin rails for swift transactions that collapse traditional banking timelines. The company launched a stablecoin-backed corporate card earlier in 2026, initially targeting regions like Argentina where inflation makes holding local currency a losing proposition.

A well-capitalized bet on emerging market fintech

With this latest round, Jeeves has raised over $570 million in combined equity and debt since its founding in 2019. CoinFund led the round, with participation from Andreessen Horowitz, Coinbase Ventures, and AllianceBernstein.

Companies like Stripe, which acquired Bridge for stablecoin payments, and PayPal, which launched its own PYUSD stablecoin, have been making similar bets from the payments side. Jeeves is approaching from the corporate expense management angle, targeting small and mid-sized businesses operating across borders in emerging economies.