Business · Companies · 7 hrs ago
Jeeves raises $110 million as Brazil becomes its biggest market
Jeeves raised $110 million in a new funding round, led by investment firm CoinFund.
The US fintech said Brazil is now its largest market by revenue.
From January to August, revenue from its Brazilian operation rose 360%, while transaction volume grew 370%.
Jeeves provides businesses with corporate cards, credit, international payments and expense management, and its Brazilian offering includes a service for issuing and paying bank slips.
Stablecoin payments have grown from almost zero to a $1.5 billion annual pace in eight months, within the company’s global payments and card volume of $5 billion a year.
Jeeves has also launched a stablecoin wallet for instant payments in 190 countries, and says the technology can make international business payments as fast and low-cost as domestic ones.
Jeeves raised $110 million in an investment round led by CoinFund.
The fintech said Brazil has become its largest market by revenue.
From January to August, revenue from its Brazilian operation grew 360%, while transaction volume rose 370%.
Jeeves said its global annualized volume across card and payment businesses reached $5 billion.
Annualized stablecoin settlement volume reached $1.5 billion, after being almost zero eight months earlier.
- Who
- Jeeves, a US fintech company.
- What
- It raised $110 million in an investment round. The company said Brazil is now its biggest market by revenue.
- When
- The funding announcement was published on October 15, 2026. The company reported Brazilian growth from January to August.
- Where
- Brazil is Jeeves’ largest market by revenue; the company also operates internationally.
- Why
- Not stated
This story does not have two clearly opposing sides.
Jeeves’ stablecoin settlement volume was practically zero.
Revenue from Jeeves’ Brazilian operation grew 360% and its total transaction volume rose 370%.
Jeeves announced a $110 million investment round and said Brazil had become its largest market by revenue.
- Funding round
- $110 million
- Lead investor
- CoinFund
- Brazilian revenue growth
- 360% from January to August
- Brazilian transaction-volume growth
- 370% from January to August
- Global annualized volume
- $5 billion across cards and payments
- Stablecoin settlement volume
- $1.5 billion annualized
What people are saying
We built Jeeves’ infrastructure with stablecoins because this is the only way to offer companies the same speed and cost structure for moving money between São Paulo and Berlin that they have in domestic transactions.
Stablecoins are the part of this volume that is growing fastest: eight months ago, the volume settled in stablecoins was practically zero and today it is at an annualized pace of $1.5 billion.