Jeeves and Mastercard to launch new product in Mexico

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Jeeves and Mastercard launch a new business card that tackles expense management in Mexico.The card lets Mexican businesses with global workforces pay in currencies from any country where Mastercard operates. 
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The news: Expense management startup Jeeves tapped Mastercard to launch physical and virtual business cards in Mexico that let businesses pay in currencies from any country where Mastercard operates, per a press release. The card—which is tailored for startups and businesses operating in multiple countries—has no fees and lets users earn up to 4% cash back.

Chart showing: Share of point-of-sale transactions made with cash

Jeeves provides a platform for businesses to consolidate and manage their corporate spending across various markets. Since launching last year, It has supported more than 1,000 companies across Latin America, Canada, and Europe. It just closed a $57 million Series B funding round, which boosted its valuation to $500 million.