Jeeves, a fintech platform specializing in corporate cards and expense management, has raised $110 million from Andreessen Horowitz and Coinbase. The company, which primarily operates in Latin America and emerging markets, reports that 50 to 60 percent of its international payments now settle via stablecoins, primarily USDC. The firm has seen its payment volume grow from roughly $400 million to over $3 billion, with a target of $6 billion. Jeeves has raised over $570 million in total equity and debt, reaching a peak valuation of $2.1 billion in 2022, and plans to expand into more than 25 countries.
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