Jeeves

Jeeves is a unified financial platform designed to streamline corporate spend and payments for companies that operate across countries and currencies. From a single login, finance teams can open multi‑currency business accounts, issue pre‑funded or credit corporate cards, send cross‑border payments to more than 150 countries, and enforce expense policies with granular spend controls. The company emphasizes an “all‑in‑one” approach: cards, bill pay, accounts receivable, and expense management live side by side, eliminating the need to stitch together point solutions and reducing reconciliation friction at month‑end. Core product capabilities include globally accepted physical and virtual cards with 1% cashback, automated receipt and memo collection, role‑based permissions, and real‑time visibility into team spend. Business accounts support balances in multiple currencies and can earn yield (marketed as up to 5% on certain prepaid balances), while bill payments use AI‑assisted invoice capture to accelerate accounts payable workflows. Native integrations with major accounting systems (QuickBooks Online, Xero, NetSuite) help close the books faster, and mobile support via Apple Pay and Google Pay brings controls to wherever employees spend. Jeeves’ differentiation starts with infrastructure. Rather than relying solely on partners for card issuing, the company has built proprietary rails and obtained local issuing capabilities across multiple markets. In 2023, it expanded beyond corporate credit cards to add prepaid local cards and global cross‑border payments, allowing customers to move funds in and out of Brazil, Colombia, and Mexico within 24 hours and pay vendors worldwide in local currencies. This expansion positioned Jeeves as a rare provider offering localized BINs across its footprint and consolidated AP, spend management, and card programs under one umbrella. The platform continues to focus on faster, cheaper international money movement. In 2024, Jeeves secured a US$75 million credit facility to scale Jeeves Pay across Latin America, enabling firms to choose between using their own funds or a Jeeves line of credit per transfer, with repayment terms up to 37 days—an option designed to improve cash‑flow management for mid‑market and enterprise clients. In 2025, Jeeves announced “Instant Pay,” introducing stablecoin‑powered settlement rails on key corridors (e.g., Mexico–U.S.), with plans to expand to Brazil, Colombia, Europe, and Asia; the company claims minute‑level settlement and up to 80% reductions in FX costs compared to traditional cross‑border methods. Commercial traction and backing reflect this strategy. Jeeves publicly launched in March 2021 and, within a year, reported crossing US$1 billion in annualized GTV, doubling its client base past 3,000 companies, and achieving 900% revenue growth year‑over‑year. It raised a US$180 million Series C in March 2022 at a US$2.1 billion valuation, with investors such as Tencent, GIC, Andreessen Horowitz, and CRV. Subsequent debt facilities have supported credit expansion and product growth across Latin America. The company cites thousands of customers across 20+ countries and operates offices across the Americas and Europe, backed by a workforce of 150+ employees.