Miami's Jeeves Raises $110M For Stablecoin Banking
Miami-based Jeeves raised $110 million in equity funding led by CoinFund to scale its stablecoin-native banking platform and launch a wallet making payouts across 190 countries.
Company intelligence
As of September 30, 2026, Jeeves has raised at least $110M in equity across 1 sourced funding round.
Jeeves is a cross-border spend and stablecoin banking platform for global companies that raised a $110 million equity round led by CoinFund in September 2026.
The company's TechCrunch coverage calls it a financial operating system that combines expense management, corporate and prepaid cards, accounts payable, invoicing and cross-border payments for companies with international teams.[1],[2]
Jeeves was built so a company does not need a different financial vendor in every country it operates in. Co-founder and CEO Dileep Thazhmon told TechCrunch in 2021 that "we're building an all-in-one expense management platform for startups in LatAm and global markets — cash, corporate cards, cross-border — all run on our own infrastructure," adding that Jeeves owns part of its own banking stack rather than plugging into a single third-party provider in each region, which it says lets it launch in new countries faster than typical fintechs.[3]
Jeeves raised $180 million in a Series C round in March 2022 that valued the company at $2.1 billion, quadrupling its valuation in just over six months. TechCrunch reported that since the Series B was announced, Jeeves had grown its revenue by 900%, doubled its client base to more than 3,000 companies, and reached about $1.3 billion in annualized gross transaction volume, with an internal expectation of reaching $4 billion by the end of 2022.[4]
Jeeves reported more than $40 million in annualized run rate revenue in July 2023, up 250% year over year, according to Thazhmon. TechCrunch reported the company had also raised an additional $25 million from an undisclosed sovereign wealth fund in the Middle East, and that Jeeves is backed by investors including Andreessen Horowitz, CRV and Tencent.[2]
Jeeves raised a $110 million equity round led by CoinFund in September 2026, SiliconANGLE and Refresh Miami reported, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator. Alongside the round, Jeeves launched a stablecoin wallet that SiliconANGLE said makes payouts across 190 countries. Refresh Miami, which described Jeeves as a Miami-based fintech, reported that stablecoins now account for an annualized $1.5 billion in volume on the platform.[5],[6]
Jeeves was founded by Dileep Thazhmon and Sherwin Gandhi, who built the company on the premise that startups with international teams have had to rely on financial infrastructure that is local and country-specific, so a company with employees in, say, Mexico and Colombia would need a separate corporate card vendor in each country plus another vendor for cross-border payments. The company was a participant in Y Combinator's summer 2020 cohort before publicly launching in March 2021 and emerging from stealth that June.[3],[4]
Dileep Thazhmon is Jeeves' co-founder and chief executive, and Sherwin Gandhi is the company's other co-founder, according to TechCrunch's reporting on the company's stealth launch. Thazhmon has served as the company's primary public spokesperson across its funding announcements through 2023.[3]
Jeeves was a 182-person, fully remote, New York-based company as of July 2023, according to Thazhmon's comments to TechCrunch. He said at the time that the company had more than three years of runway and had cut costs by almost 50% over the preceding five months, with contribution profit as its stated focus for the year.[2]
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| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Sep 30, 2026 | Bridge | $110M | — | CoinFundunverified WithAndreessen HorowitzunverifiedCoinbase VenturesunverifiedCRVunverifiedGICunverifiedGlobal PayTech VenturesunverifiedParaFi CapitalunverifiedVista Equity PartnersunverifiedY CombinatorunverifiedAllianceBernsteinWintermute | Pulse 2.0Pulse story |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Jeeves has raised at least $110M in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $110M Bridge in September 2026, reported by Pulse 2.0. Debt financing, tender offers and secondary sales are not counted.
Lead investors in Jeeves's sourced funding rounds include CoinFund. Per round: its September 2026 Bridge was led by CoinFund.
Jeeves was founded in 1992 and is headquartered in Stockholm, Sweden, according to Wikidata.
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.