Rebuilding Global Banking With Stablecoins and AI | Deep Dives with Jeeves CEO

a16z Deep Dives · 2026-05-28 · 36 分鐘
https://www.youtube.com/watch?v=9ByXad_Ymvg影片總結
Jeeves CEO Dileep Thazhmon says stablecoins and AI helped grow revenue 10x, while Argentina’s new card protects businesses from peso volatility.
Jeeves founder and CEO Dileep Thazhmon tells Angela Strange how the company is building a localized financial operating system for enterprises across 25 countries. Its infrastructure connects 50–60 partners, supports local card issuing and licenses, and helped expand margins from 40% to over 80%. After focusing on mid-market and enterprise clients in 2023, Jeeves added payments and stablecoin-powered Instant Pay, cutting some cross-border transfers from days to about an hour. Thazhmon says payment volume grew from about $400 million to over $3 billion, with $6 billion projected this year. In Argentina, peso deposits convert to USDC for corporate cards without FX fees, and the model could make launches in smaller markets like Peru viable. AI supports underwriting, document checks and customer service: four underwriters handle $2–3 billion in volume, while headcount fell from 200 to 140 as revenue grew 10x. He sees programmable money and on-chain finance shaping Jeeves’ future.
章節
- 0:00Founder Story and Jeeves Overview: Dileep Thazhmon’s $106M Exit and Jeeves’ 25-Country Platform
- 3:37Building Moats: Jeeves’ 25-Country Ledger, Local Licenses, and Margins Above 80%
- 10:02Enterprise Focus: Jeeves’ 2023 Shift to Mid-Market and Revenue Thresholds in Reais
- 13:00Localized Products and Stablecoin Rails: Brazil’s Travel Offering and Argentina’s 60% Usage
- 16:15Enterprise Stablecoin Rails: Jeeves Instant Pay and Payment Volume Above $3 Billion
- 19:33Argentina Stablecoin Card: Peso-to-USDC Conversion, No FX Fee, and a Peru Expansion Model
- 22:06AI Boosts Efficiency: Four Underwriters Support Billions in TPV as Jeeves Headcount Falls to 140
- 24:57Onchain Future and Founder Lessons: Jeeves’s USDC Pools, Receivables Financing, and 99%-Accurate GL Agent
- 28:00Onchain Future and Founder Lessons: Jeeves’s Card-Spend Focus, Local GMs, and Brex and Capital One Hires
- 32:15Onchain Future and Founder Lessons: Jeeves Scales 10x Revenue with AI Underwriting and Custom OCR
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