Jeeves Raises $110M as Stablecoin Volume Reaches $1.5B Annualized
Jeeves raised $110 million in equity funding led by CoinFund as annualized platform volume passed $5 billion and stablecoin volume reached $1.5 billion.
TL;DR: Jeeves announced $110 million in equity funding led by CoinFund on September 29, 2026. The company said annualized platform volume exceeded $5 billion, while stablecoin volume reached $1.5 billion annualized in eight months.
Canonical company profile: Jeeves.
The financing
CoinFund led the new equity round. Jeeves listed AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator among participants.
Unlike a debt facility or secondary-only transaction, the company explicitly describes this as equity funding.
Jeeves has changed since its earlier rounds
The earlier Jeeves story was primarily corporate cards and international expense management.
The 2026 company description is broader: stablecoin-native banking infrastructure for global enterprises.
Jeeves says:
- revenue grew 4x in 14 months;
- platform volume passed $5B annualized;
- stablecoin volume went from zero to $1.5B annualized in eight months; and
- its wallet supports payouts to 190 countries.
Those operating metrics matter more than the funding headline because they show whether the stablecoin strategy has actual transactional usage.
Why stablecoins fit the product
Cross-border business banking frequently involves slow correspondent-bank chains, currency conversion and fragmented local accounts.
Stablecoin settlement can reduce the number of intermediaries in some flows, while customers still need compliant fiat entry and exit points.
That creates a potential advantage for financial platforms that own both the enterprise workflow and the stablecoin settlement layer.
What remains undisclosed
The September announcement does not provide a new valuation.
VCT therefore records the $110M equity amount and operating metrics without inventing a price for the company.
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.
