Jeeves

Jeeves operates an all-in-one financial platform for businesses, combining corporate cards (physical and virtual, issued on Mastercard or Visa depending on region), accounts payable and vendor payments, expense management, corporate credit and multi-currency accounts in a single dashboard. The company states it serves businesses in more than 20-30 markets, including Mexico, Colombia, Brazil, the United States, Canada, the UK and the European Union, and supports payments to 150+ countries in up to 40 currencies with integrations into accounting and ERP systems.

Product lines include Jeeves Pay, a global business payments solution launched to let customers finance and send local and cross-border invoice payments to vendors in over 140 countries with no setup or recurring fees; Instant Pay, a stablecoin-powered cross-border payment product marketed as settling in minutes versus 24-48 hours for SWIFT wires and at up to 80% lower FX cost; non-dilutive corporate credit; and AI-based spend insights and alerts. Jeeves is not a bank: it acts as a technology services provider and program administrator, relying on licensed partners including Airwallex US (with Evolve Bank & Trust for some US customers), Pathward N.A. for Visa prepaid cards, Peoples Trust Company for Canadian Mastercard cards, Stripe and Celtic Bank for Visa commercial credit cards, and Bridge for LATAM-to-USD stablecoin corridors.

At the time of its 2022 Series C, the company described itself as an all-in-one corporate card and expense management platform for global startups, with corporate cards accounting for about 45% of its business and additional lines in B2B payments, working capital loans and revenue-based financing (Jeeves Growth).

Founding story

Jeeves was founded on the premise that startups have had to rely on local, country-specific financial infrastructure, forcing a company with staff in, for example, Mexico and Colombia to use separate vendors for cards in each country and another for cross-border payments. Founder and CEO Dileep Thazhmon leads a team describing itself as entrepreneurs with prior experience starting and operating businesses, backed by investors and founders from Silicon Valley and Wall Street.

Business model

Jeeves sells a software platform bundled with regulated financial services delivered through third-party licensed banks and payment institutions. It offers corporate cards with credit terms, cross-border and local payments, corporate credit and expense management software to business customers, positioning itself as owner of the underlying infrastructure layer rather than a reseller plugged into a single local bank.

The company states its services may incur transactional, cross-border and/or financing fees, plus costs associated with its third-party service providers. Historically its revenue mix spanned corporate cards (about 45% of business as of March 2022), B2B payments, working capital loans and a revenue-based financing product called Jeeves Growth. Its cross-border payments product is marketed with no setup or recurring fees and FX-based pricing.

Traction

Jeeves crossed $1 billion in annualized gross transaction volume within a year of its March 2021 public launch, reporting roughly $1.3 billion annualized GTV in March 2022 with an expectation of $4 billion by year-end, more than 3,000 companies across 24 countries, revenue up 900% since the September 2021 Series B, and more revenue in the first two months of 2022 than in all of 2021. Company materials later cite 4,000+ and then 5,000+ customers, 150+ employees and coverage of 20-30 countries.

Latest developments

Jeeves markets Instant Pay, a stablecoin-powered cross-border payment product settling in minutes at up to 80% lower FX cost, alongside corporate credit and AI-driven spend insights. A December 2025 company post introduced Jeeves Pay, extending payments to vendors in 140+ countries for its customer base. Company pages cite 5,000+ enterprise customers, 150+ employees, 25+ countries supported and total funding figures of over $380 million (about page) and over $547 million (answers page).