Jeeves Raises $110 Million to Push Stablecoin Payments Into 190 Countries

Moving money for a company operating across a dozen currencies has always meant accepting delays, fees and fragmented banking relationships in every market it touches. Jeeves is betting that stablecoins, not another layer of traditional banking rails, are what finally fixes that for corporate finance teams.

Jeeves closed $110 million in Series C funding led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator. The corporate payments platform, which serves companies including BMW, H&M, Lululemon, Burger King, Kavak and XP, used the round to launch a stablecoin wallet enabling instant payments to 190 countries and to expand its stablecoin card offering from 25 to 35 countries. Jeeves has now raised more than $570 million in combined equity and debt since its 2019 founding, and has surpassed $5 billion in annualized platform volume after tripling payment volume year over year, with annualized stablecoin volume reaching $1.5 billion, up from almost zero eight months earlier.

Why Stablecoins Solve a Real Corporate Finance Problem, Not Just a Crypto One

Corporate treasury teams operating across multiple countries have historically dealt with slow international wire transfers, correspondent banking fees, and currency conversion friction every time money needs to move between markets. Stablecoins settle near-instantly and move across borders without the same correspondent-banking chain, so a platform built on stablecoin rails can offer meaningfully faster settlement than traditional banking infrastructure, provided it also handles the compliance and conversion complexity that makes stablecoins usable for a finance team that has never touched crypto before.

Why the Investor Roster Signals Crossover Conviction

A round combining crypto-native funds like CoinFund, Coinbase Ventures and ParaFi alongside traditional growth investors like AllianceBernstein, Andreessen Horowitz and GIC suggests Jeeves has convinced both camps that stablecoin infrastructure has crossed from a speculative crypto thesis into genuine enterprise financial infrastructure. That crossover matters because traditional growth investors typically demand more conventional proof points, real enterprise customers, real volume growth, before committing capital to anything crypto-adjacent, and Jeeves's $5 billion in annualized platform volume with named enterprise logos suggests it cleared that bar.

What This Means for Founders

For founders building fintech or payments infrastructure with a crypto or stablecoin component, Jeeves's ability to raise from both crypto-native and traditional growth investors in the same round is a useful model for how to position a blockchain-adjacent thesis to a broader investor base: lead with enterprise traction and real payment volume, not the underlying technology, and let the stablecoin rails be the mechanism rather than the pitch. Founders should also note the near-zero-to-$1.5 billion stablecoin volume ramp in eight months as a reminder that enterprise adoption of stablecoin infrastructure can move considerably faster than many investors still assume.

Browse the fintech investor directory and web3 investor directory for more active funds at the intersection of crypto and enterprise payments, read the baseline mechanics of a post-money valuation and how it tracks across a company's funding history if the concept is new, or explore active capital on AngelLinx @ angellinx.ai/register.

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