Why we invested: Jeeves

How do small and medium sized businesses (SMBs) get access to credit? This is a huge pain point, particularly when doing business internationally and hiring employees across the globe. That’s where Jeeves comes in.

Jeeves is building the “Brex for global startups” – a payment and corporate card network for international businesses. The company empowers SMBs around the world with working capital, as well as tools to transact with vendors across borders and in multiple currencies.

Co-founders Dileep Thazhmon and Sherwin Gandhi saw an opportunity to innovate credit for emerging global businesses. With backgrounds in entrepreneurship and financial services, Dileep and Sherwin experienced the challenges facing multinational startups first-hand. Built as a mobile-first platform, Jeeves provides virtual and physical cards that can be issued locally in just 24 hours. If you’re a startup based internationally or doing cross-border business, we highly recommend trying Jeeves today.

The Urban Innovation Fund’s investment thesis is providing early stage capital and regulatory support for startups that have the potential to transform the lives of millions of city dwellers. SMBs are core to the economic vitality of cities, and Jeeves is working to make the lives of SMB founders easier. Jeeves is building a global payments and banking infrastructure network, with the goal of democratizing access to financial services for SMBs across the world.

Check out their open job postings and learn more about the company here.