Company Research Report: Jeeves
Company Overview
Name: Jeeves
Mission of the Company
Empower businesses globally by providing a modern approach to financial services.
Founding Details
- Founded by: Dileep Thazhmon
- When: No information is available
Key People
- Dileep Thazhmon: CEO and Founder
Headquarters
- Location: No specific address information is available
Number of Employees
- Global representation: 30+ nationalities across 18+ countries
- Languages spoken: 20+ languages
Revenue
- Annualized Revenue: Over $40 million
Recognition
No information is available
What is the Company Known For
Jeeves is known for its financial platform providing flexible payment and expense management services, and technology solutions designed for businesses operating in multiple countries.
Products
Overview
Jeeves offers an all-in-one financial platform that includes services such as expense management, accounts payable, corporate cards, global accounts, and rewards. These products allow companies to manage cards, payments, currencies, and expenses efficiently across 25+ countries.
Product Descriptions and Key Features
Expense Management
- Description: Tools for managing business expenses.
- Key Features:
- Automate alerts and receipt collection via mobile app.
- Enforce expense policies and flag out-of-policy purchases in real-time.
- Advanced reporting and direct accounting integrations.
Accounts Payable
- Description: Facilitates faster, more efficient payments.
- Key Features:
- Transfer money domestically or overseas quickly.
- Competitive FX rates.
- Automated invoice processing.
Corporate Cards
- Description: Card management for business expenses.
- Key Features:
- Issue cards internationally for free.
- Earn rewards such as global airport lounge access.
- Create virtual cards instantly.
- Require receipts and invoices for certain purchases.
Global Accounts
- Description: Multi-currency accounts for global businesses.
- Key Features:
- Store funds in different currencies.
- Open local bank accounts in multiple countries.
- Transfer and receive money at interbank rates.
Rewards
- Description: An ecosystem of benefits for cardholders.
- Key Features:
- Rewards such as global airport lounge access.
- Incentives tailored to business spending patterns.
Recent Developments
New Products Launched
- Corporate Cards: Expanded beyond corporate credit cards to include prepaid cards and multi-currency accounts.
- Global Accounts: Launched USD account for facilitating cross-border transactions in Mexico.
New Features Added
- Enhanced Payment Services: Increased efficiency for domestic and international money transfers with competitive FX rates and same-day transfers.
- Virtual Cards: Enabled the creation of virtual cards in seconds for improved spend control and tracking.
Partnerships and Expansions
- Global Expansion: Jeeves is operational in 25+ countries including regions such as Brazil, Canada, Colombia, European Union, Mexico, United Kingdom, and USA.
- Strategic Partnerships: Collaborates with licensed banks like JP Morgan and payment service providers like Airwallex in various regions to ensure a robust infrastructure for financial services.
- Regulatory Compliance: Operates through various legal entities suited for each respective region such as Jeeves Inc. in the USA and Jeeves Technologies Colombia SAS in Colombia.
Notable Accolades
- Series C Funding: Raised $180 million in Series C funding at a $2.1 billion valuation.
- Market Expansion: Surpassed $1 billion in transactions within a year of launch.
Conclusion
Jeeves continues to innovate and expand its footprint globally, with significant strides in enhancing its product offerings to better manage payment and expense solutions for businesses operating across multiple jurisdictions.
