Jeeves raises $110M from a16z, Coinbase for crypto expansion

Jeeves, the fintech company best known for corporate cards and expense management, has raised $110 million from investors including Andreessen Horowitz and Coinbase to push deeper into crypto infrastructure. The funds will go toward building out a stablecoin wallet, developing AI agents, and enabling instant payouts in more countries. A fintech company going stablecoin-native Jeeves was founded in 2019 by Dileep Thazhmon and Sherwin Gandhi with a straightforward premise: make cross-border corporate payments less painful. The company offers expense management tools, unlimited virtual cards, and treasury services, primarily serving businesses operating across Latin America and other emerging markets. Between 50% and 60% of the company’s international payments now settle using stablecoins, primarily USDC. The platform supports dedicated stablecoin accounts for both USDC and EURC, enabling instant, low-fee transactions that sidestep the traditional correspondent banking system. This stablecoin-first approach matters most in markets where local currencies are unreliable. Argentina, where annual inflation has at times exceeded 100%, is a prime example. Businesses operating there face con...