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.
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.
With Jeeves Pay, companies will be able to:
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.”
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.
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.