Jeeves secures $75 million financing led by Community Investment Management to expand Latin America footprint and launch Jeeves Pay Credit in Brazil.
May 06, 2024•over 1 year ago
Amount Raised
$75 Million
Investors
Community Investment Management
Description
Jeeves has closed a $75 million credit facility with Community Investment Management (CIM) to enhance its financial product suite in Latin American markets - Brazil, Colombia, and Mexico. The financing will enable Jeeves to expand Jeeves Pay and other key product offerings in strategic Latin American markets.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech