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- Jeeves
Jeeves Revenue, Valuation, Funding & Investors
Jeeves is valued at $2.1B as of March 2022, a 52.5x revenue multiple. Jeeves revenue was $40M, as disclosed with its latest round.
Last Jeeves valuation
$2.1B
Series C · Mar 2022
Last Jeeves funding round
$110M
Series C · Sep 2026
Jeeves revenue
$40M
Series C · Mar 2022
Key investors in Jeeves
Y Combinator
Andreessen Horowitz
CRV
Tencent
Coinbase Ventures
GIC
About Jeeves
Jeeves is a New York-headquartered global financial platform providing corporate cards, bill payments, expense management, and AI-driven accounting automation. Launched in 2019, it supports businesses in Brazil, Colombia, North America, and EMEA with tools for multi-currency transactions, serving clients like H&M, Burger King, and Nubank.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Revenue
$40M (Mar 2022)
Valuation
$2.1B (Mar 2022)
Jeeves Valuation
Jeeves is currently valued at $2.1B, based on its Series C in March 2022.
The $180M round was led by Tencent.
Jeeves' valuation has grown 4.2x from $500M at its Series B in September 2021 to $2.1B in March 2022, across 2 priced rounds.
Jeeves valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2022 | Series C | $2.1B | 52.5x |
| Sep 2021 | Series B | $500M | - |
Jeeves Revenue
Jeeves' latest recorded revenue is $40M, as of its Series C in March 2022. At a $2.1B valuation, that implies a 52.5x revenue multiple.
Jeeves revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2022 | $40M | $2.1B | 52.5x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Jeeves Funding History
Jeeves has raised a total of $378M across 5 funding rounds.
Jeeves' first fundraising round was a $5M seed round in November 2020. The most recent completed round was a $110M Series C in September 2026.
Jeeves funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Series C | CoinFund (lead); Global PayTech Ventures; Vista Equity Partners; Wintermute Ventures; ParaFi Capital; Y Combinator; Coinbase Ventures; GIC; Andreessen Horowitz; AllianceBernstein; CRV | $110M | - | Jeeves, a Miami-based stablecoin-native banking platform for global enterprises, raised $110 million in a Series C equity financing on September 29, 2026, led by CoinFund with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi Capital, Vista Equity Partners, Wintermute Ventures, and Y Combinator. The capital was positioned to expand Jeeves' stablecoin wallet, AI agent capabilities, and instant payout infrastructure across more countries, with the company stating support for payouts to 190 countries and service for enterprises across 35 countries. The round was used to accelerate global enterprise payments and stablecoin-based banking products. Jeeves is a Miami fintech company focused on corporate payments and banking infrastructure for global businesses, operating a stablecoin-native platform with cross-border payout and wallet functionality. The company described itself as serving global enterprises and building tools for instant payments, stablecoin wallets, and AI-enabled financial automation. |
| Mar 2022 | Series C | Tencent (lead) | $180M | $2.1B | Jeeves is an all-in-one corporate card and expense management platform designed for global startups, offering cash, corporate cards, and cross-border payments across 24 countries and three continents at the time of the round. Founded in 2019 and launched publicly in March 2021 via Y Combinator, the company emerged from stealth in June 2021 with initial equity and debt financing. By March 2022, Jeeves had grown to serve over 3,000 companies, doubling its customer base in the prior 12 months, with a remote-first team of 150 employees across 10 countries. On March 22, 2022, Jeeves raised $180 million in a Series C funding round led by Tencent, with participation from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, FT Partners, Clocktower Ventures, Urban Innovation Fund, Haven Ventures, Gaingels, Spike Ventures, family offices of two FAANG founders, and Mastercard executive Carlo Enrico. The post-money valuation reached $2.1 billion, quadrupling from $500 million in its September 2021 Series B of $57 million, bringing total equity raised in the last 12 months to over $380 million. CEO Dileep Thazhmon noted receiving five term sheets amid a challenging fundraising environment. Revenue grew dramatically, with the first two months of 2022 exceeding all of 2021, more than doubling from November 2021 alone, and increasing 900% since the Series B. Jeeves plans to use the funds for global expansion into Latin America, Canada, Europe, and beyond, targeting over 40 countries in the next three years. The company positions itself for international differentiation in corporate spend management, headquartered considerations in Miami, with Thazhmon relocating there temporarily. |
| Sep 2021 | Series B | CRV (lead) | $57M | $500M | Jeeves is an all-in-one expense management platform for global startups, offering cash, corporate cards with up to 4% cash back, cross-border payments, and multi-currency handling across markets including Mexico, Colombia, Chile, Canada, UK, and Europe. The platform runs on proprietary infrastructure, enabling companies to set up their finance function quickly, and serves over 1000 global companies with a waitlist exceeding 15,000. On September 2, 2021, Jeeves raised $57 million in a Series B round led by CRV, with participation from Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management, and notable angels including Kevin Durant, Andre Iguodala, Odell Beckham Jr., and Tom Blomfield. This followed a Series A in June 2021 led by Andreessen Horowitz, bringing total funding to $183 million in under 90 days at a $500 million post-money valuation. The capital was earmarked for launches in Colombia, UK, and Europe, scaling infrastructure for more currencies, hiring talent, and onboarding new customers. Jeeves demonstrated explosive growth, with transaction volume (GTV) increasing over 5000% since January 2021 and revenue growing 1150% since the Series A. The user base doubled every 60 days, powering top companies across LatAm, Canada, and Europe. CEO Dileep Thazhmon noted the round was unsought but driven by strong investor interest amid exponential growth. CRV's Saar Gur highlighted Jeeves' consistent overperformance on targets and positive customer feedback, emphasizing the challenge of building global operations from day one. The company aimed to expand to 30 countries in three years, positioning itself as a category-defining fintech for startups' spend management needs. |
| Jun 2021 | Series A | Andreessen Horowitz (lead) | $26M | - | Jeeves is an all-in-one corporate card and expense management platform for global startups, founded by Dileep Thazhmon and Sherwin Gandhi. The company provides multi-currency payments, virtual cards, credit facilities, and financial operating system services across countries and currencies. In June 2021, Jeeves emerged from stealth with $31 million in equity financing consisting of a $26 million Series A round led by Andreessen Horowitz and a previously unannounced $5 million seed round. The Series A also included participation from YC Continuity Fund, Jaguar Ventures, Urban Innovation Fund, Uncorrelated Ventures, Clocktower Ventures, Stanford University, 9 Yards Capital, and BlockFi Ventures. At the time of emergence from stealth, Jeeves had grown its transaction volume by 200x since launching its private beta in October 2020, increased revenue by 900% from a small base, and served hundreds of companies including Bitso, Belvo, Justo, Runa, Worky, and others across Mexico and Canada. The company had a waitlist exceeding 5,000 companies. Within three months of the Series A, Jeeves raised a $57 million Series B in September 2021 at a $500 million valuation, led by CRV, representing a valuation increase as it expanded into the UK, Europe, and Colombia. |
| Nov 2020 | Seed | Y Combinator (lead); Rebel Fund; Hanfield Venture Partners; Incisive Ventures; Lobster Capital; FoundersX Ventures; Capitoria; William Hockey; Tribe Capital; Geek Ventures; The MBA Fund; Unpopular Ventures | $5M | - | - |
Who has invested in Jeeves?
23 investors have backed Jeeves across its funding rounds, including Y Combinator, Andreessen Horowitz, CRV, Tencent, Coinbase Ventures and GIC.
Lead investors include CoinFund, Tencent, CRV, Andreessen Horowitz and Y Combinator.
Jeeves Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Nov 2020 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Lead | Sep 2021 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Nov 2020 | ||
This data is available for Pro users. Sign up to see all 23 Jeeves investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialJeeves Competitors
Jeeves competitors include listed companies like BILL.com and Corpay, and private ones like Tide, Ramp, Moss and Payhawk.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $225M | - | $1.5B | 6.7x | ||
| Private | $2B | - | $60B | 30.0x | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $1.7B | $34M | $4.1B | 2.4x | ||
| Private | $45M | - | $1B | - | ||
| Publicly listed | $4.5B | $2.4B | $26B | 6.6x |
Jeeves Public Comps
Jeeves is still privately-owned, but its public comps include PagSeguro, Lakala, BlackLine, Evertec, Pine Labs, Euronet Worldwide, Money Forward, StoneCo, Payoneer and Flywire.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.8B | $1.6B | 2.6x | 2.6x | 6.2x | 12.2x | |||
| $834M | $220M | 1.1x | 1.0x | 4.3x | 8.4x | |||
| $700M | $72M | 3.1x | 2.8x | 29.9x | 9.8x | |||
| $932M | $330M | 3.2x | 2.8x | 9.2x | 7.2x | |||
| $252M | $14M | 3.4x | 2.7x | 62.4x | 13.5x | |||
| $4.2B | $648M | 0.7x | 0.6x | 4.4x | 3.9x | |||
| $319M | $55M | 7.8x | 6.4x | 45.4x | 36.5x | |||
| $2.5B | $919M | 1.2x | 1.1x | 3.3x | 2.0x | |||
This data is available for Pro users. Sign up to see all Jeeves competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Jeeves
| When was Jeeves founded? | Jeeves was founded in 2019. |
| Where is Jeeves headquartered? | Jeeves is headquartered in Miami, FL, United States. |
| Is Jeeves publicly listed? | No, Jeeves is a private, VC-backed company. |
| What is Jeeves' valuation? | Jeeves was last valued at $2.1B in its Series C in March 2022. |
| How much funding has Jeeves raised? | Jeeves has raised $378M across 5 funding rounds. |
| What was Jeeves' last funding round? | Jeeves' last funding round was a $110M Series C in September 2026, led by CoinFund. |
| Who are Jeeves' investors? | Jeeves' investors include Y Combinator, Andreessen Horowitz, CRV, Global PayTech Ventures, Vista Equity Partners, Wintermute Ventures, ParaFi Capital, Rebel Fund, Hanfield Venture Partners, Coinbase Ventures and 13 others. |
| What is Jeeves' revenue? | Jeeves' latest recorded revenue is $40M (March 2022). |
| What is Jeeves' revenue multiple? | Jeeves' latest valuation implies a 52.5x revenue multiple ($2.1B valuation on $40M of revenue). |
| Which companies are comparable to Jeeves? | Companies comparable to Jeeves include Tide, Ramp, Moss, BILL.com, Payhawk and Corpay. |
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