Mexico is one of the fastest-growing economies in the world, yet its local businesses still struggle to access credit without exorbitant fees and tedious paperwork. Mastercard, the world’s leading payments company, and Jeeves, the preferred financial partner for Mexican businesses, have partnered together to solve this issue by launching the first physical card that allows companies to pay in any local currency from all countries Mastercard currently operates.
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The startup ecosystem in Mexico and all of Latin America is thriving. As founders ourselves, we understand their needs, which is why it is important that we offer this card to them now. In addition to no fees and up to 4% cashback, our cards provide the flexibility and security LATAM startups are hungry for,” says Dileep Thazhmon, CEO and founder of Jeeves.
Jeeves is the first and only expense management and business banking company in Mexico that is a fully-approved Mastercard Principal Member with both physical and virtual cards. Jeeves cardholders can benefit from no fees, unlimited virtual cards, and up to 4% cashback. Since its launch in January 2021, the company has successfully onboarded over 700 businesses in Mexico, including Runa, Moons, Bitso, Kavak, Jüsto, etc.
Kavak, one of the fastest-growing Mexican startups, has been using Jeeves card during the last year. Carlos García Ottati highlights its benefits: “Jeeves makes everything faster. Kavak is growing exponentially. We need a partner that understands and fulfills our needs. Thanks to Jeeves card and expense platform we can operate cross border seamlessly.”
“Thanks to Jeeves, we can grow our business without worrying about the logistics of expenses and payments. Each of our team members has access to their own cards and is tailored to their specific needs. When we travel – Jeeves makes it easy. You can pay in any currency and link it to the bank account you prefer. Our finance team loves it. No other company lets you go global so easily and quickly,” says Alexander Clapp, Moons COO, and co-founder.