Jeeves raises $110 million to expand stablecoin infrastructure

  • Jeeves raised $110 million in equity funding led by CoinFund.
  • Jeeves surpassed $5 billion in annualized platform volume across cards and payments.
  • Jeeves expanded its stablecoin card offering from 25 to 35 countries.

Jeeves has raised $110 million in equity funding led by CoinFund as it launches a proprietary stablecoin wallet with instant payouts to 190 countries, a global AI spend-tracking product and an accounts receivable module. The company said annualized platform volume across cards and payments has surpassed $5 billion after tripling year-on-year, while revenue grew fourfold over 14 months. Stablecoin-settled activity, which was effectively zero eight months earlier, has reached a $1.5 billion annualized volume rate. Jeeves is expanding its stablecoin card and spend-management offering from 25 to 35 countries, including eight named markets in Central and South America, and is opening a Madrid office. The company says its stablecoin rails help enterprises move funds across borders where correspondent banking can be slow or costly.

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