ICYMI: Expenses fintech Jeeves eyes crypto transfers as it raises $180 million
Corporate expenses platform Jeeves has raised $180 million in a Series C round led by China’s Tencent.
The fundraise, which included participation from a16z, Stanford University and GIC, quadrupled the firm's valuation from $500 million to $2.1 billion. 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 company is currently toying with expansion in Southeast Asia and the MENA region — which is partly why it tapped funding from Singapore's GIC and Tencent — and also is launching in Brazil at the end of the second quarter.
"There's a very strong use-case for using crypto for cross-border payments", says Thazhmon."If you want to send funds between two countries today, we currently have [regulated] bank accounts in each country. But you could potentially use stablecoins instead to do transfers."
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gemini wins Irish electronic money licenseThe crypto exchange is the first fintech firm to secure a license sine 2020, according to The Irish Times.
Read more »
Blockchain Education Hub Platinum Crypto Academy Partners with Cardano’s BashoswapPlatinum Crypto Academy, one of the leaders in crypto education, strengthens its position in Cardano’s ecosystem
Read more »
Japanese crypto exchanges aim to catch up with coin listings: ReportThe Japan Virtual and Crypto Assets Exchange Association is working to simplify coin listings on Japanese crypto exchanges to boost the local crypto industry.
Read more »
Miss Manners: She says not to call her by this name, and they keep doing itDoes ‘it’s how I was raised’ override a woman’s explicit objection?
Read more »
Chinese internet giants remove NFT platforms fearing gov't crackdownDuring the blanket ban on crypto announced in September 2021, any firms found aiding crypto transactions or foreign crypto firms were held accountable.
Read more »