Jeeves Raises $110M to Expand Stablecoin Banking Across 35 Nations
Fintech firm Jeeves secured $110 million in equity funding as its stablecoin volume surged to $1.5 billion annualized in just eight months.
Miami-based fintech company Jeeves has closed a $110 million equity round aimed at scaling its stablecoin-native banking platform for enterprise clients operating across 35 countries, the company announced.
The fundraise comes on the back of rapid financial growth. Jeeves reported a fourfold increase in revenue over 14 months, while transaction volume tripled year-over-year, pushing the platform past $5 billion in annualized volume. The company's stablecoin segment has been particularly striking, climbing from zero to $1.5 billion in annualized volume within eight months.
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Jeeves is deploying the fresh capital in part to extend its stablecoin card and payment services to 10 additional countries, broadening access for multinational businesses that rely on the platform for cross-border financial operations. The expansion underscores growing corporate appetite for stablecoin-based infrastructure as an alternative to traditional correspondent banking rails, which can be slower and more expensive for global transactions.
The company's trajectory reflects a broader shift in enterprise finance, where stablecoins are increasingly viewed not as speculative assets but as practical settlement instruments. Jeeves is positioning itself at the intersection of that demand and the need for unified, multi-country banking tools that serve businesses operating in emerging and developed markets simultaneously.
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