Jeeves Raises $110M for Stablecoin Wallet and AI-Powered Payments
Jeeves, a Miami-based fintech company known for corporate cards and expense management, has raised $110 million in a Series D round. The funding was led by CoinFund, with participation from AllianceBernstein, Coinbase Ventures, Coinbase, and Andreessen Horowitz.
The company plans to use the capital to launch its own stablecoin wallet, expand into accounts receivable, and add agentic AI to its platform. It also aims to enable instant payouts in more markets and expand into over 25 countries.
Jeeves has seen significant growth in international payments, with between 50% and 60% of its transactions settling on-chain using USDC stablecoins. Its Instant Pay product uses stablecoin infrastructure to settle cross-border transfers in minutes and cut foreign exchange costs.