Jeeves is a digital financial services company providing payment solutions, corporate financial cards, and expense management platforms. The company offers multi-currency payments, virtual cards for vendor management, personal credit lines, and tracking tools for spending and costs. Jeeves has raised $380M in funding from investors such as CRV, Y Combinator, and Andreessen Horowitz, with a current valuation of $2.1B (as of March 22, 2022).
What Is Jeeves and What Does It Do?
Jeeves, founded in 2019 by Dileep Thazhmon, is headquartered in New York City, United States. The company provides a digital platform for corporate payments and financial cards, enabling businesses to manage multi-currency transactions, track expenses, withdraw cash, pay virtual vendors, and more.
Jeeves empowers companies to streamline financial operations while offering perks like lounge access, vouchers, and rewards on corporate and virtual cards.
With a team of 51-200 employees, Jeeves has quickly become a trusted financial partner for growing businesses, combining payment infrastructure with sophisticated expense management tools.
How Much Funding Has Jeeves Raised?
1. Series B
- Amount Raised: $57M
- Date: September 2021
- Lead Investors: CRV, Tencent, Alkeon Capital Management
- Motivation: To expand Jeeves’ corporate payments offerings, enhance platform capabilities, and scale operations globally.
2. Series C
- Amount Raised: $180M
- Date: March 2022
- Lead Investors: CRV, GIC, Tencent, Andreessen Horowitz, FT Partners
- Motivation: To accelerate growth, expand product features, attract top talent, and scale Jeeves’ financial solutions internationally.
3. Conventional Debt
- Amount Raised: $75M
- Date: May 06, 2024
- Lead Investors: Community Investment Management
- Motivation: To strengthen the balance sheet and fund operational growth.
Total Funding Raised: $380 Million
Current Valuation: $2.1 Billion (as of March 2022)
Latest Funding Date: May 2024
Key Investors
1. CRV
- Details: Venture capital firm investing in early-stage technology startups.
- Investment Focus Areas: Fintech, SaaS, consumer tech
- Notable Investments: DoorDash, Patreon, Notion
2. Andreessen Horowitz
- Details: Venture capital firm based in Silicon Valley, co-founded by Marc Andreessen and Ben Horowitz.
- Investment Focus Areas: Technology, fintech, blockchain
- Notable Investments: Coinbase, Airbnb, Stripe
3. GIC
- Details: Sovereign wealth fund of Singapore focused on long-term value creation.
- Investment Focus Areas: Global equities, private equity, real assets
- Notable Investments: Grab, ByteDance
Where Is Jeeves’ Headquarters?
Jeeves is headquartered in New York City, United States, giving it access to major financial markets, fintech talent, and global business networks. This strategic location supports partnerships, funding opportunities, and scaling of its digital payment and financial card solutions.
What’s Next for Jeeves?
Jeeves is positioned for rapid global expansion, enhancing its corporate payments, virtual card offerings, and multi-currency platform. Future fundraising is likely as the company aims to penetrate new markets, strengthen its technology stack, and expand operational capacity. Challenges include competition from fintech incumbents, regulatory compliance across multiple regions, and ensuring seamless user experience for enterprise clients. With strong investor backing and a growing team, Jeeves is set to become a leading global player in corporate financial solutions.
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