Jeeves Raises $75M to Enhance B2B Payments and Corporate Card Platform in Latin America
Jeeves Secures USD$75M Financing
Jeeves Receives $75M Credit Facility from Community Investment Management
Key Highlights:
- Company Overview: Jeeves is a Mexico City-based provider of a B2B payments and corporate card platform for businesses in Latin America.
- Credit Facility: Received a $75 million credit facility from Community Investment Management.
- Financial Product Enhancement: Funds will be used to enhance Jeeves' financial product suite in its primary Latin American markets, including Brazil, Colombia, and Mexico.
Jeeves' Target Market
- Target Market: Businesses in Latin America, primarily in Brazil, Colombia, and Mexico, seeking B2B payment solutions and corporate card platforms.
- Global Businesses Operating in Latin America: Companies with global operations that require cross-border payments and spend management solutions.
- Venture-Backed Startups and SMBs: Jeeves serves over 5,000 clients, including venture-backed startups and small to medium-sized businesses.
What Jeeves Needs to Buy
- Technology and Software Development: Collaborations with technology partners to enhance their financial operating system and expand their product suite.
- Partnerships with Financial Institutions: Collaborating with banks and financial institutions to provide seamless cross-border payment solutions.
- Market Expansion and Customer Acquisition: Services to support market expansion, customer acquisition, and maintaining high standards in customer service.
Sorted raises £1.65M in Seed Funding for Recycling Tech
Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.
Funding Amount: £1.65 million
Industry: Software Development
Employee Count: 51-200
CEO: Carmen Carey (CEO Linkedin)
What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.