Jeeves secures $110M Series B to scale stablecoin payments across LATAM
Corporate payments platform Jeeves raised $110M in a Series B funding round led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, and Y Combinator. The round arrives as cross-border payment volumes accelerate across Latin America.
Jeeves provides corporate cards, accounts payable, treasury payments, and expense management for companies operating across multiple markets. The platform serves thousands of companies, including BMW, H&M, Lululemon, Burger King, Kavak, and XP.
The capital will fuel product expansion and geographic reach. Jeeves launched a stablecoin wallet enabling instant payments to 190 countries and expanded its stablecoin card offering from 25 to 35 countries. The company also opened an office in Madrid to support European operations.
The platform surpassed $5B in annualized volume after tripling payment volume year over year. Annualized stablecoin volume reached $1.5B, up from nearly zero eight months ago, while revenue quadrupled in 14 months. More than 80% of customers use multiple Jeeves products, a sign of strong product-market fit.
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Why fintech expansion signals urgent talent demand for payments engineers and compliance roles
The rapid scaling of stablecoin infrastructure creates immediate workforce implications for companies building or expanding in Latin America. Jeeves' stablecoin volume reached $1.5B annualized, up from almost zero eight months ago, showing how quickly payment rails are shifting for businesses operating across borders in the region.
Companies looking to hire developers in Brazil or Mexico will face intensified competition for blockchain engineers, payments infrastructure specialists, and compliance professionals familiar with both traditional financial regulations and emerging stablecoin frameworks. The expansion for card issuance and payouts to numerous countries demands localized expertise in regulatory environments, treasury operations, and real-time payment systems.
Jeeves surpassed $5B in annualized platform volume after tripling its payment volume year over year, with more than 80% of customers using multiple Jeeves products, suggesting the company is adding headcount across engineering, product, operations, and regional compliance teams. Employers addressing fintech recruitment needs across Latin America should anticipate wage pressure in specialized roles, particularly for professionals with experience in stablecoin settlement, cross-border treasury management, and API-driven payment orchestration.
The Madrid office signals geographic diversification beyond the Americas, but growth remains anchored to Latin American markets where stablecoin adoption accelerates due to currency volatility, remittance flows, and limited traditional banking access. Companies scaling fintech teams in Mexico and Brazil must balance local regulatory knowledge with technical expertise in blockchain-based payment systems.
Stablecoin adoption and regional hiring trends to monitor in corporate payments
The investor syndicate backing Jeeves reveals where infrastructure bets are being placed on Latin American fintech. CoinFund's thesis centers on decentralized networks and stablecoin-native financial infrastructure, while traditional venture firms like Andreessen Horowitz and strategic investors like Coinbase Ventures signal confidence in the convergence of crypto rails and corporate treasury functions.
For workforce planners, this convergence creates demand for hybrid skill sets that have become increasingly scarce. Professionals who understand both traditional accounts payable workflows and stablecoin settlement mechanics remain in short supply. The same applies to compliance officers who navigate local financial regulations in Brazil, Mexico, Colombia, and other LATAM markets while managing risk frameworks specific to digital asset transactions.
Jeeves' revenue quadrupled while maintaining operational control across multiple countries, suggesting the company has built scalable processes, though sustaining growth will require continued talent investment. The platform's integration with enterprise resource planning systems and AI-driven expense categorization indicate a need for machine learning engineers, data scientists, and integration specialists familiar with legacy financial software.
Employers should monitor how stablecoin adoption affects compensation benchmarks for payments engineers and treasury analysts in LATAM markets. As platforms like Jeeves demonstrate the viability of stablecoin-based corporate payments at scale, demand for professionals with hands-on experience in USDC, USDT, and other dollar-pegged digital assets will likely outpace supply near term.
The shift from correspondent banking networks to stablecoin rails creates opportunities for professionals with expertise in liquidity management, foreign exchange hedging using digital assets, and real-time settlement systems. Companies that previously relied on multi-day settlement windows and high cross-border fees now access infrastructure that settles in minutes, but operating it requires specialized knowledge that traditional finance teams may lack.