Jeeves, A FinTech Startup for Startups, Raises $180 Million
Jeeves app and desktop screenshots

Jeeves, A FinTech Startup for Startups, Raises $180 Million

Following a record-breaking 2021, FinTech continues to show strength so far in 2022. Continuing that trend, a startup that offers banking-as-a-service products to other startups has closed a new megaround.

Last week, Jeeves announced that it had closed an oversubscribed $180 million round. The Series C was led by Tencent along with participation from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, Clocktower Ventures, Urban Innovation Fund, and others. Impressively, this round valued the company at $2.1 billion, which is four times the $500,000 valuation the startup had when it raised its $57 million Series B in September. To date, Jeeves has now raised a total of $368 million in less than two years.

Jeeves is a FinTech that offers growing businesses an “all-in-one expense management platform.” This includes quick access to capital, unlimited corporate cards, and a dashboard that tracks spending across multiple currencies. On that note, currently, the company reports serving more than 3,000 businesses in 24 countries and plans to reach more than 40 counties within the next three years. According to Jeeves, its revenue has also increased 900% since the close of its Series B last fall.

Adding to its announcements, Jeeves also revealed some recent hires joining the startup’s leadership teams. These include Chief Technology Officer Arpan Nanavati, Director of Partnerships Trent Beckley, Head of Sales Operations Bhushan Ekbote, and Head of Strategy Víctor Garrido. Jeeves team now consists of more than 150 employees spread across 10 counties worldwide.

In a press release announcing the Series C, Jeeves found and CEO Dileep Thazhmon said of the raise, “While we are in one of the toughest environments for startup funding this year, we are excited in the trust investors have, not only in Jeeves but in growing businesses who will be able to use our financial products globally.”

Elsewhere, Carlos García, CEO of Jeeves client Kavak, said of the platform, “Jeeves makes everything faster. Kavak is growing exponentially. We need a partner that understands and fulfills our needs. Thanks to Jeeves card and expense platform we can operate cross border seamlessly.”

Not only is Jeeves’ $180 million round a notable figure for a Series C but the fact that the start-up has quadrupled its value in just a few months’ time — reaching unicorn status in the process — is quite impressive. In turn, the company instantly becomes one of the top FinTechs to watch. Of course, this round also sets the stage for what is sure to be another blockbuster year for the industry.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories:, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...