Jeeves is a provider of an expense management platform for businesses, primarily startups. It offers a corporate card in local currency with no fees or interest. Per Jeeves says, it allows any firm to set up their financial function quickly using its Banking-as-a-Service infrastructure. This provides customers, per Jeeves, with access to 30 days of credit on a true corporate card (with 4% cashback), non-card payment rails, and cross-border payments. It also allows customers to pay in several currencies with the aim of cutting down on FX (foreign exchange) fees. The company was founded in 2019 and is based in Orlando, Florida.
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ESPs containing Jeeves
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Virtual cards & spend management software companies combine virtual business credit or debit cards with a spend management platform. These platforms help automate expense approvals and spend management, which is a new way of thinking about how companies spend money. Virtual cards are single-use payment credentials that can be shared between buyers and suppliers.
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Research containing Jeeves
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CB Insights Intelligence Analysts have mentioned Jeeves in 2 CB Insights research briefs, most recently on Mar 24, 2022.
Expert Collections containing Jeeves
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Jeeves is included in 4 Expert Collections, including Banking.
Unicorns- Billion Dollar Startups
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Latest Jeeves News
Oct 12, 2022
7 minutes read LONDON, Oct. 11, 2022 – Payable – a new platform to streamline payment operations and automate business bank transfers for the internet economy – today announces a $6 million seed round. The round was co-led by CRV and Earlybird Venture Capital with participation from Conversion Capital, Clocktower Ventures, and angel investors including Francesco Simoneschi CEO of TrueLayer, Hristo Borisov CEO of Payhawk, Nik Milanović founder of This Week in FinTech and the FinTech fund, Bitpanda founders, Dileep Thazhmon CEO of Jeeves, and many other founders and operators in the space. The idea for Payable was conceived by co-founders Daniel Yubi and Raz Musca, who built the marketplace solution while at Checkout. Doing so helped them realize how hard it is to manage payment operations. “It is one of those problems you don’t notice until you are working directly with the finance operations team and see their challenges firsthand,” states Yubi. “We literally watched them use a spreadsheet with one hand to count payments and cash with a bank file on the other hand to manually send money to their customers. It was both inefficient and antiquated. Once we saw the problem, we knew there had to be a better way and became determined to create it.” Payable solves payment reconciliation for companies data matching products and integrating with corporate bank accounts. It provides both an API and a dashboard that enables marketplaces, lenders and fintechs to manage money movement from a single interface. Currently companies have to deal with bank files such as EBICs and spreadsheets and use engineering and finance professionals to understand why payments happened. This becomes increasingly difficult as companies scale. “Today, it is easy to accept payments but to understand where money is, it is quite difficult. The vision we have for Payable is that any product manager in a company is empowered to launch a new fintech product, a product that ‘moves money”’ without freaking out their finance team”, said Daniel Yubi. Building payments operations software requires unique technical expertise at the intersection of payments, banking and finance. While there are some companies starting to appear in the PaymentOps space, what distinguishes Payable is its deep founding-team / market fit in this new emerging category. “What excited us most about investing in Payable is that Daniel understands the core problem fintechs struggle with and has created a platform that can automate the entire payment lifecycle,” said James Green, partner at CRV. “We have tremendous confidence in their ability to deliver on their mission as they have assembled a team with similar backgrounds coming from companies such as Curve, TrueLayer, 11FS and Stripe.” “As we got to know Daniel and his team over time, it became clear to us that the founders have lived the pain point and possess the domain knowledge to build the best product to solve for it. The team’s vision redefines the possibilities enabled by automating money movement” said Tim Rehder, Partner at Earlybird. A remote first company with headquarters in London, Payable is building a team of payment experts at the intersection of banking and payments. It will use the seed funding to scale the organization and add new integrations with banks across the United Kingdom as well as expand its coverage to other European countries beyond the U.K. About Payable Payable provides payment operations software for companies. It enables businesses to scale and automate the lifecycle of money movement with a single API and dashboard. The company is founded by Raz and Daniel and employees from Checkout.com, Stripe and Truelayer. About CRV CRV is a venture capital firm that invests in early-stage startups. Since 1970, the firm has invested in more than 500 startups at their most crucial stages, including Airtable, DoorDash and Iterable. Founders need more than capital to build a great company. It takes a partner who understands the entrepreneurial journey and knows what it takes to win. From founding to IPO and beyond, CRV is there every step of the way. Founders rely on CRV to be trusted, long-term, committed partners, which has helped make CRV into one of the longest-running venture capital firms in the world. Learn more about CRV and the companies shaping the future at https://www.crv.com. About Earlybird Earlybird is a venture capital investor focused on European technology companies. Founded in 1997, Earlybird invests in all growth and development phases of a company and supports its portfolio companies with financial resources, strategic support, as well as access to an international network and capital markets. Earlybird invests out of a family of focused and independently-managed funds: Digital West (Western Europe), Digital East (Emerging Europe), Healthcare, UNI-X (University spinoffs), and Growth Opportunity. With EUR 2 billion under management across all fund streams, 8 IPOs, and 30 trade sales, Earlybird is one of Europe’s most established and active venture capital firms. Learn more at www.earlybird.com.
Jeeves Web Traffic
Jeeves Frequently Asked Questions (FAQ)
When was Jeeves founded?
Jeeves was founded in 2019.
Where is Jeeves's headquarters?
Jeeves's headquarters is located at 924 N Magnolia Ave, Orlando.
What is Jeeves's latest funding round?
Jeeves's latest funding round is Series C.
How much did Jeeves raise?
Jeeves raised a total of $370.66M.
Who are the investors of Jeeves?
Investors of Jeeves include Silicon Valley Bank, Tencent Holdings, Gaingels, Clocktower Technology Ventures, Stanford University and 39 more.
Who are Jeeves's competitors?
Competitors of Jeeves include Center, Cardless, Freshbooks, Airbase, Unit, Ramp, delt.ai, Payhawk, Pluto, Tribal Credit and 22 more.
Compare Jeeves to Competitors
Brex is a B2B financial product provider that offers a corporate credit card for technology companies.
Ramp offers credit cards targeted at small and medium-sized businesses (SMBs) with a focus on high-growth startups. The company aims to provide companies with higher card limits, saving opportunities, automated expense management, receipt matching, and accounting integration. The company was founded in 2019 and is based in New York, New York.
Moss provides employee credit cards to track employee spending. It is primarily focused on providing a corporate credit card to startups and digital companies in Europe.
Center provides expense management software for construction, field services, manufacturing, non-profits, and professional services industries. It offers solutions for business travel expenses, billable expense tracking, corporate credit card, expense report process, and expense software. The company was formerly known as Touchstone ID. Center was founded in 2017 and is based in Bellevue, Washington.
Fyle is a computer vision-enabled expense management platform for enterprises. Fyle's platform can identify expense related data in emails, such as an air ticket receipt or a phone bill, and convert that data so it can be retrieved in a structured format and sent to the expense tool.
AppZen develops finance AI software built to deliver autonomous processing for finance teams. The AI software uses deep learning, semantic analysis, and computer vision to process intelligence from thousands of data sources, documents, and images so that organizations can better understand financial transactions and make improved business decisions. The company serves clients across multi industries globally. It was founded in 2012 and is based in San Jose, California.
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