Corporate card FinTech Jeeves hits $2.1 billion valuation

Corporate card FinTech Jeeves has hit a $2.1 billion valuation after raising $180 million in a Series C funding round.

The company provides a card and expense management platform for businesses.

Jeeves was launched in March of 2021, backed by well-known tech incubator Y Combinator.

The news comes less than seven months since the company raised $57 million in a Series B funding round.

Chinese tech giant Tencent led the latest round, which also included participation from Stanford University, Andreessen Horowitz, and Silicon Valley Bank.

Jeeves is not the only FinTech that has seen investment from Tencent.

In January this year, the Chinese tech giant took a minority stake in Monzo as part of a top-up to the bank’s latest funding round.

The corporate card space has seen significant levels of investment in the past year.

In April, corporate credit card provider Brex achieved a $7.4 billion valuation after raising $425 million in a Series D funding round.

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