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Jeeves
Fintech
Jeeves is a fintech company providing corporate cards, bill payment, and expense management infrastructure for businesses operating across multiple countries, with particular strength in Latin America.
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Jeeves was founded in 2019 by Dileep Thazhmon, building financial infrastructure aimed specifically at businesses operating internationally, particularly companies expanding across Latin America, the United States, and other markets, based on the observation that businesses operating across multiple countries face significant friction managing corporate spending, cross-border payments, and expense management given fragmented banking relationships, currency complexity, and inconsistent financial infrastructure across different countries, challenges that traditional corporate card and expense management providers, often built primarily around a single country's banking and financial infrastructure, do not address well for genuinely multinational operations. Jeeves's platform provides corporate cards, expense management tools, and cross-border payment capabilities built on its own proprietary financial infrastructure spanning multiple countries and currencies, letting businesses issue physical and virtual corporate cards to employees, manage expenses in real time with configurable spending controls, and send cross-border payments to vendors and business partners across supported markets, functionality designed to let growing companies establish financial operations across new international markets more quickly than building separate banking and payment relationships in each individual country would allow. The company built its earliest and strongest customer base among startups and scaling technology companies expanding across Latin American markets including Mexico, Colombia, and Brazil, before expanding its target customer base to include larger enterprise clients across North America and Europe. Jeeves navigated a broader industry-wide wave of fintech layoffs during 2022, alongside many other venture-backed financial technology companies that had scaled quickly during the 2021 funding boom, and has continued operating and evolving its product suite in subsequent years, including expanding into accounts payable automation and broader financial operations tooling beyond its original corporate card focus. The company has raised roughly $380 million in total funding from investors including Andreessen Horowitz, CRV, and Tencent, reaching a reported valuation of $2.1 billion, competing with other corporate spend management platforms including Brex, Ramp, and Clara in the competitive cross-border and corporate card fintech category.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
