Fintech Company Jeeves Raises $180 Million in Series C Funding

Jeeves, the all-in-one corporate card and expense management platform for global startups, announced that it has raised a $180 million Series C at a valuation of $2.1 billion. The Series C round, which closed in March 2022, comes just seven months after the company's Series B round.

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This equity financing was led by Tencent and includes participation from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, Clocktower Ventures, Urban Innovation Fund, Haven Ventures, Gaingels, Spike Ventures, the family offices of two FAANG founders, and Carlo Enrico, President of Latin America and the Caribbean for Mastercard.

In the last 12 months, the company has raised over $380 million - proof of the growing interest this category-defining fintech has generated across investors and customers alike. Jeeves will use the capital to fuel its global expansion across Latin America, Canada, and Europe, scale its proprietary infrastructure to cover more currencies, acquire top-tier talent, and accelerate the onboarding of new companies to the platform.

"While we are in one of the toughest environments for startup funding this year, we are excited in the trust investors have, not only in Jeeves but in growing businesses who will be able to use our financial products globally,"said Dileep Thazhmon, Jeeves CEO and Founder.

Jeeves currently serves companies across 24 countries and 3 continents. Its client base consists of high-growth startups, e-commerce, and SMEs including Bitso, Kavak, Belvo, Runa, Merama, Moons, Convictional, Muncher, Platzi, Worky, Beek, Revive Superfoods, Spare, and more. Jeeves is available in North America, Latin America, the UK, and Europe. Powered by its proprietary Banking-as-a-Service infrastructure, Jeeves aims to cover 40+ countries in the next 3 years.