Expenses fintech Jeeves eyes crypto transfers as it raises $180 million

Quick Take

  • Corporate expenses platform Jeeves has raised $180 million in a Series C round led by China’s Tencent.
  • The fintech firm will funnel the extra cash into further geographical expansion in Southeast Asia, Brazil, and MENA. 

Expense management platform Jeeves raised $180 million in a round led by Chinese investor Tencent as it looks to implement stablecoin transfers.

The fundraise, which included participation from a16z, Stanford University and GIC, quadrupled the firm's valuation from $500 million to $2.1 billion.

Jeeves is an all-in-one expense payment platform for fast-growing companies, offering them a multi-region corporate credit card, bank to bank payments, and venture revenue financing. The firm says it has a client base of more than 3,000 companies, with revenue growing by 900% since its September Series B round. 

It began its operations in Spanish-speaking Latin America and has since expanded to the US, Canada, and Europe. CEO and founder Dileep Thazhmon, however, says that the compa