Jeeves, a Mexico City, Mexico-based provider of a B2B payments and corporate card platform for businesses in Latin America, received a USD$75M credit facility from Community Investment Management.
The company intends to use the funds to enhance its financial product suite in its primary Latin American markets – Brazil, Colombia, and Mexico.
Led by CEO and Founder Dileep Thazhmon, Jeeves is a financial operating system built for global businesses that provides corporate cards, cross-border payments, and spend management software within one unified platform. Jeeves Pay enables cross-border payments from Mexico, Colombia, and Brazil to dozens of countries, including China and the USA, through local networks such as SPEI, SWIFT, and PIX, all without transaction fees.
The company operates across 20+ countries including Brazil, Canada, Chile, Colombia, Mexico, the United Kingdom, across Europe, and the United States, and serves over 5,000 clients ranging from venture-backed startups to SMBs around the world.
Commenting on the news Dileep Thazhmon said: “We are helping our customers save time and money, and reducing the friction of operating globally. We are thrilled to partner with Community Investment Management, as we share the same mutual vision – empowering businesses in Latin America to thrive not only locally, but also globally. This financing enables us to significantly broaden our capabilities in the region and deepen our relationships with our customers.”
FinSMEs
07/05/2024