← Embedded Finance Index 2026

Jeeves

Can a multi-currency corporate card platform become the definitive financial OS for globally-operating SMBs in Latin America and emerging markets?

Founded2019
HQMiami, FL, USA (also offices in São Paulo, Bogotá, Mexico City, Madrid)
FoundersDileep Thazhmon
Total raised$463M+ (equity + debt)
Latest roundDebt facility, 2024
Valuation$2.1B (Series C, 2022)
IndustryFintech / SMB banking
The story

Founded in 2019 (publicly launched 2021) as a corporate card and expense management platform for global startups, Jeeves differentiated itself by offering multi-currency cards across LatAm and emerging markets from day one. It rapidly evolved into a broader financial OS — adding multi-currency treasury accounts with yield, global AP/bill-pay via Jeeves Pay, and working capital credit facilities, shifting from a card-centric to a full financial management platform. By 2024–2025, Jeeves doubled down on LatAm (Brazil, Colombia, Mexico) as its primary growth market while adding stablecoin payment rails to compete on cross-border cost, reflecting a deliberate move away from pure card revenue toward becoming the financial infrastructure layer for globally operating businesses.

Last 12 months
2024-05
2025-12
2025-12
Product timeline
2021
Jeeves publicly launched in March 2021 as an all-in-one corporate card and expense management platform for global startups, emerging from stealth in June 2021 with $131M in combined debt and equity.· card
2021
Raised Series B at $500M valuation, expanding internationally across 20+ countries.· pivot
2022
Raised $180M Series C at $2.1B valuation, quadrupling value in six months.· banking
2023
Launched multi-currency global accounts (USD, EUR, GBP, CAD) with up to 5% yield on cash balances.· banking
2024
Secured $75M credit facility with CIM to expand in Latin America (Brazil, Colombia, Mexico) and launched Jeeves Pay Credit in Brazil.· lending
2024
Launched Jeeves Pay, a global B2B accounts payable and cross-border payments product supporting 150+ countries and 40+ currencies.· banking
2025
Launched stablecoin payments (USDC/USDT) for near-instant cross-border transfers at 0.2% FX, targeting LatAm businesses with up to 80% cost savings.· banking
The stack
6 layers disclosed in Jeeves’s embedded-finance stack
Payments / PSP
Airwallex
Banking / BaaS
in the full report
Lending
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
9 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.