Ushering in a new era of financial efficiency, Jeeves, a  global expense management and cross-border payments platform, in partnership with Bexs, the acclaimed bank specializing in FX and digital payments, proudly introduces Brazil’s first-ever fully digital self-service cross-border Business-to-Business (B2B) payment platform. This pioneering move eliminates the manual processes traditionally associated with sending money from Brazil to global destinations like the USA or Europe, offering businesses a seamless, swift, and transparent transaction experience. 

Previously, Brazilian businesses had to grapple with the analog bureaucracy of FX contracts and the cumbersome process of invoice payments that extended for several business days, typically requiring multiple calls and emails with FX providers. Now, with Jeeves' trailblazing platform,  these transactions are executed digitally within a mere 24 hours, ensuring full compliance with the Central Bank of Brazil's security standards and enabling your Finance team to focus on what matters. 

The platform is integrated via API to Bex’s FX-as-a-Service solution, which enables international transactions to be conducted entirely digitally. With the world increasingly interconnected,  businesses, from startups to conglomerates, have a growing need for swift international transactions, whether for technology, legal advice, marketing, or goods import. 

According to Luiz Henrique Didier Jr., CEO of Bexs, the bank aims to expand and facilitate access for Brazilian companies to global goods and services. “Jeeves is a global fintech and an important partner for this new moment in the world of payments. We are using technology to offer the best to Brazilian companies, with digital solutions that ensure seamless transactions and optimize processes, while mitigating the bottlenecks that can impact the course of their activities,” he said. 

Adding to the allure of this platform are competitive FX rates, which not only speed up fund transfers but also optimize margins on transactions.  

“Brazil is a huge and promising market, and it is important for us to have a partner with knowledge of its unique characteristics,” said Dileep Thazhmon, CEO of Jeeves. “Our new solution is unique  in terms of digital experience and will help Brazilian companies in their business deals by making  the conversion from Brazilian real to other currencies quicker and easier, all in a single and  completely secure platform.”  

With this solution, Jeeves, which entered the Brazilian market in 2022, continues to serve startups and early-stage companies but also aims to target medium and large-sized companies in the country. The American fintech, which started its operations in Mexico, sees Brazil as a significant opportunity to expand its business in Latin America.