Fintech company Jeeves Inc. from Miami raised $110 million from investors to expand its services, including a stablecoin wallet, AI agents, and instant payments in more countries. The Series C round was led by CoinFund. Other participants include AllianceBernstein, Coinbase Ventures, and Andreessen Horowitz (a16z). The original headline is built around these names: the money came from a16z and Coinbase.
Jeeves launched stablecoin-based payments earlier this year, as well as a corporate card backed by stablecoins, allowing global companies to settle international payments in minutes through digital asset infrastructure. Now the company is launching its own stablecoin wallet, expanding into accounts receivable, and implementing AI agents into its platform.
"The businesses we work with are global by definition – they need cards and payments that work across continents, and each of them is tired of banking infrastructure that was not built for this," said Dileep Thazhmon, founder and CEO of Jeeves. The round comes amid steady global demand for stablecoins: on-chain economic activity reached $9.4 trillion over the 12 months ending in June, according to Chainalysis. Jeeves operates in 190 countries and is expanding its presence in Latin America.
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