Jeeves, a Miami-based stablecoin-native banking platform for global enterprises, has raised $110 million in equity funding led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, GIC, and Y Combinator. The platform combines corporate cards, accounts payable, treasury payments, spend management, and AI-powered financial workflows on stablecoin settlement rails, and has seen revenue grow 4x in 14 months, annualized volume triple to more than $5 billion, and stablecoin volume climb from near zero to $1.5 billion annualized in eight months. The main objective is to scale Jeeves into core banking infrastructure for multinationals, expanding its stablecoin card from 25 to 35 countries, launching a proprietary stablecoin wallet with payouts to 190 countries, and adding AI spend tracking and an accounts receivable module. Key players include Jeeves founder and CEO Dileep Thazhmon, who said stablecoin rails are the only way to give companies the same speed and cost moving money between São Paulo and Berlin as within one country, and CoinFund managing partner David Pakman.

Jeeves Bags $110M to Scale Stablecoin Banking Platform