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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 7 sources · 3 days · First seen · Last updated

Jeeves funding and platform expansion

Overview

Fintech company Jeeves has secured $110 million in an equity funding round led by CoinFund, with participation from investors including AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, and Y Combinator.

The company intends to use the capital to scale its stablecoin-native banking platform and launch a proprietary cryptocurrency wallet capable of facilitating payouts across 190 countries. Jeeves also plans to expand its stablecoin card services from 25 to 35 countries, targeting new markets in Latin America, and will open a new office in Madrid. Additional product developments include an AI-powered global expense tracker and an accounts receivable module.

Jeeves reported significant growth in transaction volume, noting that its annualized stablecoin-settled volume reached $1.5 billion, rising from nearly zero eight months prior. The firm’s total annualized platform volume has surpassed $5 billion.

Entities

Coinbase Ventures · Jeeves · CoinFund · Andreessen Horowitz · AllianceBernstein

Timeline

  1. [BUSINESS] 3 sources
    Jeeves raises $110 million to scale stablecoin-native banking platform

    Jeeves raised $110 million in an equity round led by CoinFund to expand its stablecoin-native banking and payment platform for global enterprises.

  2. [BUSINESS] 4 sources
    Jeeves raises $110 million to expand stablecoin banking platform

    Fintech Jeeves raised $110 million in funding led by CoinFund to expand its stablecoin-native banking platform and launch a global cryptocurrency wallet for enterprise payments.

Sources

crypto.news · financialit.net · hedgeco.net · letsmoney.com.br · pulse2.com · siliconangle.com · valoraanalitik.com