Community Investment Management (CIM) closed a $75 million credit facility with Jeeves, a B2B payments and corporate card platform for businesses in Latin America. In addition to supporting the company’s scaling, this financing will enhance Jeeves’ financial product suite in its primary Latin American markets: Brazil, Colombia and Mexico.
With the new credit facility from CIM, Jeeves will double down on expanding Jeeves Pay and other key product offerings in strategic Latin American markets.
“We are helping our customers save time and money and reducing the friction of operating globally,” Dileep Thazhmon, founder and CEO of Jeeves, said. “We are thrilled to partner with Community Investment Management, as we share the same mutual vision — empowering businesses in Latin America to thrive not only locally, but also globally. This financing enables us to significantly broaden our capabilities in the region and deepen our relationships with our customers.”
“At Community Investment Management, we are focused on supporting innovative financial solutions that foster business growth and economic development,” Jacob Haar, managing partner of CIM, said. “Our collaboration with Jeeves is an exciting step towards enhancing the financial infrastructure in Latin America, particularly in Brazil, Colombia and Mexico, where the potential for Jeeves’ impact is substantial.”
