Miami-based Fintech Jeeves has closed a $110 million equity round to grow its stablecoin-native banking platform for companies that operate across borders. CoinFund led the financing, with AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator and additional backers joining the round.
The company positions itself as a single operating system for corporate finance rather than a collection of disconnected banking products.
Customers can issue physical and virtual cards, send cross-border payments, manage spend, run accounts payable, and hold local or dollar accounts through one interface.
Settlement sits on stablecoin rails in the background.
Finance teams do not need to handle wallets, tokens, or blockchains; they see faster transfers and lower costs than traditional correspondent banking typically allows.
Clients cited by the company include BMW, H&M, Lululemon, Burger King, Kavak and XP.
More than 80 percent of customers use more than one Jeeves product.
Growth figures released with the raise show why investors returned.
Annualized platform volume across cards and payments now exceeds $5 billion after tripling year over year.
Revenue has risen sharply over the past year. Stablecoin activity is the fastest-growing slice.
Eight months earlier, on-chain settlement on the platform was effectively nonexistent.
That figure is now running at about $1.5 billion on an annualized basis, as businesses move funds between markets where wires are slow and expensive.
A large share of international volume already settles in dollar- or euro-backed stablecoins such as USDC and EURC.
Jeeves is using the capital to widen both geography and product.
Its stablecoin card program is expanding from 25 to 35 countries, adding Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay and Uruguay.
Combined with existing coverage in North America, the United Kingdom and Europe, that footprint covers most of Central and South America.
The firm is also opening a Madrid office to support European growth. Alongside the raise, it is launching a proprietary stablecoin wallet with payouts to 190 countries, a global AI spend-tracking tool, and an accounts receivable module.
The goal is one system for sending money, tracking expenses, and collecting payments without stitching together banks and spreadsheets in every market.
Founder and chief executive Dileep Thazhmon has argued that multinational firms are tired of infrastructure built for domestic banking.
In his view, stablecoin rails are the only practical way to give a company in São Paulo the same speed and cost structure when paying a supplier in Berlin that it would have for a domestic transfer.
CoinFund managing partner David Pakman said few firms have built a full enterprise stack on stablecoins rather than treating them as an add-on.
He pointed to Jeeves’ existing distribution across Latin America, the United States and Europe as the reason the firm led the round.
The company was founded around 2019–2020 after Thazhmon’s earlier experience running a cross-border business.
It later went through Y Combinator and built licenses and infrastructure it owns rather than renting from banks.
That ownership, investors say, supports tighter unit economics and a consistent product across many countries. The latest financing is intended to turn Jeeves from a payments and card tool into core banking infrastructure for enterprises that already treat multiple countries as their home market.