Jeeves Raises $180M in Series C Funding At $2.1 Billion Valuation

Jeeves platform

Jeeves, a Miami, FL-based provider of a corporate card and expense management platform, raised $180M in Series C funding.

The round was led by Tencent with participation from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, Clocktower Ventures, Urban Innovation Fund, Haven Ventures, Gaingels, Spike Ventures, and Carlo Enrico.

The company intends to use the funds to accelerate its global expansion across Latin America, Canada, and Europe, scale its proprietary infrastructure to cover more currencies, acquire talent, and onboard new companies to the platform.

Led by Dileep Thazhmon, CEO and Founder, Jeeves is an all-in-one corporate spend and expense management platform for businesses in global markets including Mexico, Colombia, Chile, Peru, Canada, the UK, and Europe. Cash, corporate cards and cross-border payments all run on the proprietary infrastructure, which allows companies to spin up their finance function quickly. Jeeves can handle multiple currencies for payback.

The company 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. It 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.

The team currently consists of 150 employees across 10 countries. In addition to the Series C announcement, the company is also announcing key additions to its leadership team including Chief Technology Officer, Arpan Nanavati(previously Head of Engineering at PayPal and Director of Engineering at Walmart); Director of Partnerships, Trent Beckley (previously Strategic Partnerships Lead at Google); Head of Sales Operations, Bhushan Ekbote (previously Head of Sales Ops at Afterpay and Head of Sales Ops at Magneto/Adobe) and Head of Strategy, Víctor Garrido (previously Strategy at Mastercard, Bain & Company).