Jeeves, FinTech Designed for Global Businesses, Launches All-in-One Corporate Card and Capital Financing Services for High Growth Startups in Canada

0

Posted: October 26, 2021 at 8:11 a.m. EDT|Update: 1 hour ago

THE CANADIAN LAUNCH FOLLOWS THE COMPANY US $ 183 million FINANCING THROUGH TWO VERY SUCCESSFUL CYCLES IN 2021

  • The acclaimed fintech officially lives in Canada – aiming to be a game-changer for vastly underserved startups and fast-growing businesses
  • Announcing the new Jeeves Growth service, enabling startups to grow faster with easy access to capital in their local currency
  • Card and corporate platform offer no fees, strong cash back, and pay employees in their local currency

TORONTO, October 26, 2021 / PRNewswire / – Jeeves, the all-in-one expense management platform for global startups, today announced the official launch of its products and services in Canada. This expansion into the Canadian market follows the very successful funding rounds of the company from Series A to US $ 31 million followed by a series B of $ 57 million. The two towers were completed in 2021 less than 90 days apart for a total increase of US $ 183 million, and a valuation of more than US $ 500 million. The Canadian launch is the latest in a year of significant growth for the company.

Jeeves, the company card adapted to global startups.

Jeeves provides a true corporate card and expense management solution for globally-minded Canadian businesses, with hassle-free, fee-free, interest-free, personal-guaranteed virtual and physical cards. Additionally, Canadian entrepreneurs and business owners can earn up to 3% cash back and choose to redeem the card in USD or CAD. This makes Jeeves the ideal financial tool for Canadian startups with aspirations to expand beyond borders.

In addition to its expense management platform and corporate card, the company launched Growth Jeeves – allow startups and SMEs to develop more quickly with non-dilutive capital that is easy to access in their local currency. Growth Jeeves, a new product that provides revenue-based financing solutions to businesses around the world, leverages the company’s infrastructure and platform to provide longer-term financing options for startups and SMEs in addition to our revolving credit cards and lines. This aims to solve a major challenge facing Canadian startups.

“By launching into Canada we are looking to solve a major problem facing many Canadian startups and fast growing companies with a global presence. Our multi-currency business card platform will allow Canadian entrepreneurs to focus on their business and less on administrative tasks, while Jeeves’ roadmap foresees a number of services that will deliver significant positive changes to the Canadian landscape. startups ”, declared Guillaume Lam, General Manager of Canadian Operations.

Jeeves Corporate Card and Jeeves Growth both run on the company’s proprietary infrastructure with an easy-to-use user interface, allowing Canadian businesses to launch their finance function in minutes.

“We differentiate ourselves by being really easy and intuitive to use. You don’t need a finance degree to use Jeeves. Expense management can be set up in a day and your corporate card is issued from the.” said the co-founder and CEO, Dileep Thazhmon. “This has huge implications for businesses awaiting approval, delaying their growth plans. Any business, regardless of industry, can use our platform, but the majority of our current customer base is high-growth startups. “

Jeeves seeks to change the paradigm and revolutionize the way global businesses think about their finances. As an alternative to the often time consuming and frustrating options that startups and high growth companies face when looking for an expense management solution, Jeeves has made waves as a fast and reliable service platform designed for businesses without borders – something the Canadian startup landscape sorely needs for too long.

“Jeeves already operates in 20 countries around the world, and our goal is to launch in at least 6-10 additional countries each year. With the Canadian startup landscape producing so many successful and globally operated businesses, we are excited to bring Jeeves into this market, ”Thazhmon said.

About Jeeves

Jeeves is an all-in-one expense management platform for startups in global markets, including Mexico, Colombia, Chile, Canada, United Kingdom and Europe. Cash, corporate cards with up to 3% cash back, and cross-border payments all work on Jeeves’ proprietary infrastructure, allowing businesses to launch their financial function in minutes. Jeeves can handle multiple currencies for reimbursement. Over 1000 global companies trust Jeeves with their financial payment stack. Jeeves raised $ 188 million by Andreesen Horowitz, Y Combinator, CRV, Tencent and Silicon Valley Bank to fuel its international expansion.

Build For Borderless: the tailor-made business card for your idea

For more information visit tryjeeves.com

Jeeves (PRNewsfoto / Jeeves)
Jeeves (PRNewsfoto / Jeeves)

View original content to download multimedia:

SOURCE Jeeves

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.


Source link

Share.

Leave A Reply