Jeeves, the Miami-based fintech, closed a $110 million Series C round to expand its fintech offerings, including a proprietary stablecoin wallet. The company already processes more than 50% of its international payment volume through stablecoins, primarily USDC, with annualized total payment volume exceeding $3 billion. Stablecoin-related revenue reached $1.5 billion annualized within just eight months of launching the infrastructure. CEO Dileep Thazhmon reported over 50% revenue growth since financing negotiations began, along with a tenfold increase in both transaction volume and revenue over the past two years. Founded in 2019, Jeeves has raised over $570 million in combined equity and debt, with CoinFund, Andreessen Horowitz, Coinbase Ventures, and AllianceBernstein among the investors.
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