Jeeves emerges from stealth with $131M in financial obligation and equity and a16z as a lead investor
Jeeves, which is building an “all-in-one cost management platform” for international start-ups, is emerging from stealth today with $131 million in total financing, consisting of $31 million in equity and $100 million in debt financing. The $31 million in equity consists of a new $26 million Series A and a formerly unannounced $5 million seed round. […] Jeeves claims that by using its platform, any business can spin up their finance function “in minutes” and get access to 30 days of credit on a real business card, noncard payment rails, as well as cross-border payments. It says that “hundreds of companies,” consisting of Bitso, Belvo, Justo, Runa, Worky, Zinboe, RobinFood and Muncher, “actively” use Jeeves to handle their local and worldwide invest. One of Jeeves’ most significant achievements so far, Thazhmon stated, has actually been receiving approval to provide cards from its own credit BIN (bank recognition number) in Mexico.”That’s just the tip of the iceberg, “she informed TechCrunch. The $31 million in equity consists of a brand-new $26 million Series A and a previously unannounced $5 million seed round….
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