in , , ,

Jeeves raised $57 million in the Series B round.

Jeeves is a fintech that brings financial solutions to empower businesses globally. It has raised $57 million, valuing the company at $500 million with a Series B round. Just 2 months ago that is in the month of June it has received funding of $100 million in a Series A round which was led by Andreessen Horowitz.

Series B round was led by CRV which also saw the participation of Tencent, SVB Capital, Alkeon Capital Management, Soros Fund Management and other angel investors NBA stars Kevin Durant and Andre Iguodala, Odell Beckham Jr., and The Chainsmokers’ Mantis Venture Capital. Clip CEO Adolfo Babatz; QuintoAndar CEO Gabriel Braga; Uala CEO Pierpaolo Barbieri, BlockFi CEO Zac Prince; Mercury CEO Immad Akhund; Bitso founder Pablo Gonzalez; Monzo Bank’s Tom Blomfield; Intercom founder Des Traynor; Lithic CEO Bo Jiang and clip CEO Adolfo Babatz; QuintoAndar CEO Gabriel Braga; Uala CEO Pierpaolo Barbieri, BlockFi CEO Zac Prince; Mercury CEO Immad Akhund; Bitso founder Pablo Gonzalez; Monzo Bank’s Tom Blomfield; Intercom founder Des Traynor; Lithic CEO Bo Jiang.

The company was founded in 2019 and is headquartered in New York, United States by Dileep Thazhmon, Sherwin Gandhi. Jeeves is a YCombinator company providing a modern approach to financial services by delivering innovative technology

“We were not looking to do another financing round this soon after our Series A, but fueled by our exponential growth, we received strong interest and term sheets from multiple funds. We’re building an all-in-one global expense management platform for startups in LatAm, Canada, Europe, and the UK — cash, corporate cards, crossborder — all run on our own infrastructure. This gives us a lot of flexibility and allows us to offer a truly unique product for our customers.” said Co-founder and CEO, Dileep Thazhmon.

Jeeves already powers more than 1000 companies including Mexico, Colombia, Chile, Canada, UK, and Europe. It has a 15000+ company waitlist and has set a target to cover 30 countries in the next three years.

Ravi Tilekar

Written by Ravi Tilekar

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Voice Automation startup Skit earlier Vernacular.ai raises $23 million in series B round.

Bikayi has raised $10.8 million in the Series-A funding round.