TechFlow news — Expense management platform Jeeves has raised $180 million in a Series C funding round led by Tencent, with participation from GIC, Stanford University, a16z, CRV, Silicon Valley Bank, FT Partners, Clocktower Ventures, Urban Innovation Fund, Haven Ventures, Gaingels, and Spike Ventures. The company's valuation has quadrupled from $500 million to $2.1 billion.
Jeeves is an all-in-one expense payment platform for fast-growing companies, offering multi-region corporate credit cards, bank-to-bank payments, and revenue-based financing. The company claims to serve over 3,000 clients and has seen a 900% revenue increase since its Series B round in September last year.
Dileep Thazhmon, CEO and founder of Jeeves, said the company may begin exploring cryptocurrency use cases later this year as it expands globally. "There’s a very strong use case for using crypto in cross-border payments," he noted, adding that the firm plans to pilot potential stablecoin products in Latin America.
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