$110 Million Boost for Jeeves' Stablecoin Banking Platform

Jeeves, a Miami-based company, has secured $110 million in equity funding to scale its stablecoin-native banking platform for global enterprises. The investment round was led by CoinFund and included participation from notable investors such as AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator, and others.

The funding will be used to launch a proprietary stablecoin wallet with payouts in 190 countries and expand the company's stablecoin card offering from 25 to 35 countries, including additional Latin American markets. Jeeves is also setting up a new office in Madrid.

According to Jeeves, its platform has achieved over $5 billion in annualized total volume across cards and payments, with stablecoin-settled activity reaching around $1.5 billion annually after roughly eight months of growth from near zero.