Introducing Jeeves Pay

What is Jeeves Pay?

Jeeves Pay is the world’s first credit-backed business payments solution that revolutionizes the way businesses can now finance and send instant payments locally and across borders. In one seamless experience, Jeeves Pay users can tap into their credit line to send funds or pay vendors in 140 countries and receive up to 30 days to pay back. 

Why did we make Jeeves Pay?

Up until this point, Jeeves customers could use their Jeeves credit line to pay for card expenses. However, we realized that in many countries, business payments are largely made by bank-to-bank payments or transfers. As a result, we realized there was a strong need for customers to tap into their Jeeves credit line to send non-card payments. That’s when the idea for Jeeves Pay was born.

Benefits of Using Jeeves Pay

With Jeeves Pay, companies will be able to:

• Finance local and international business payments with credit. Jeeves’ expertise in global underwriting and financing makes it possible to package financing and payments together. Jeeves Pay allows companies to send business and vendor payments through their credit line, giving up to 30 days to repay. 
• Send a business payment to 140+ countries in as little as 24 hours. Thanks to Jeeves’ global smart payments routing infrastructure spanning North America, Latin America, and Europe, companies can use Jeeves Pay to quickly and confidently send local and international business payments in local currencies.
• Manage cash flow and expenses from one place. Jeeves’ free, built-in expense management platform streamlines all vendor payments in one dashboard and integrates with accounting systems like Quickbooks, Xero, and more for easy reconciliation.

What makes Jeeves Pay different?

Before Jeeves Pay, access to local and international payment rails and short-term financing - like a revolving line of credit - lived in separate worlds. Business and finance teams had to either rely on their own cash or revenues to fund local and cross-border business payments. In addition, they would have to use two or more payment providers to send local and international payments or transfers. Operations were therefore at risk of being limited by either cash flow or technology. With the launch of Jeeves Pay, Jeeves customers finance and disburse all their payments to local and international recipients in one place.

“As companies become increasingly global in their operations, enabling their growth at both the local as well as international levels becomes very important,” said Dileep Thazhmon, founder and CEO of  Jeeves. “With Jeeves Pay, a company in Mexico looking to send an important payment to Indonesia can now easily access financing for that payment, and, in the same click, automatically send those funds to their provider’s bank account across the globe - all without ever leaving their Jeeves dashboard.” 

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Who is eligible for Jeeves Pay?

Jeeves Pay will become available to all 4,000+ Jeeves customers as and where permitted by applicable local laws and regulations, complementing existing corporate card and capital loan products. With the addition of global payment capabilities offered through Jeeves Pay, a company using Jeeves can now manage global team spend with locally-issued corporate cards and pay providers with borderless bank transfers. 

How do I sign up?

For non-existing Jeeves customers interested in Jeeves Pay, please submit a sign-up form through https://www.tryjeeves.com/product/jeeves-pay. Once approved for a Jeeves credit line, you will be provided instant access to Jeeves Pay.

For existing Jeeves customers, please reach out to your regional support team or Key Account Manager to express your interest.

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