Jeeves raises $110M Series C led by CoinFund to scale stablecoin banking platform

Miami-based Jeeves, a stablecoin-native banking platform for global enterprises, announced on Sept. 29, 2026 a $110 million equity round and the launch of its own stablecoin wallet with instant payouts to 190 countries.

The round and its investors

The round was led by CoinFund. AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator also participated. According to the company, the raise moves Jeeves from a payments tool used by finance teams to banking infrastructure that enterprises use to move money wherever they operate.

Growth metrics

Jeeves has surpassed $5 billion in annualized total platform volume across its card and payments products. Stablecoin-settled activity went from effectively zero eight months ago to $1.5 billion in annualized platform volume. The company said revenue has grown 4x in 14 months, while volume has tripled year-over-year.

Expansion to 35 countries

Jeeves is expanding its stablecoin card offering from 25 to 35 countries, adding Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay and Uruguay. That covers nearly every market in Central and South America. Combined with existing coverage across North America, the United Kingdom and Europe, the platform now reaches 35 countries. Jeeves is also opening an office in Madrid.

Alongside the raise, Jeeves launched a global AI spend tracking solution and an accounts receivable (AR) module. Its customers include BMW, H&M, Lululemon, Burger King, Kavak and XP, and more than 80% of them use multiple products, according to the company.

"The enterprises that choose Jeeves are global by default," said founder and CEO Dileep Thazhmon, adding that they need corporate cards, accounts payable and treasury payments that span continents. CoinFund managing partner David Pakman said few companies have built robust stablecoin infrastructure suited to enterprises, and that Jeeves combines that technology with real adoption across Latin America, the United States and Europe.