Andrew (AA) Airelobhegbe

Co-founder & CEO at Glep (@glephq). Built @lencohq. YC W22.

[Andrew (AA) Airelobhegbe @AndrewAirelob]

Spend management has always been horizontal: one product for all sectors.
The next wave is vertical, built around specific industries operations, powered by Al.

Today we're launching Glep the Al-Native spend management platform for real estate operators.
https://t.co/G75wsGqFMW

[Andrew (AA) Airelobhegbe @AndrewAirelob]

@markessien Experience will let people figure it out.

[Dileep Thazhmon @thazhmon]

Excited to announce our $110M raise to scale our stablecoin-native banking platform for global enterprises across 35 countries (10 new countries!) 🚀🦁

Our stablecoin business crossed $1.5B annualized volume in just 8 months, driven by exponential enterprise demand. Since signing the Series C-1 term sheet, revenue has grown more than 50% in a few months. The pace is accelerating.

As we go deeper into the stablecoin ecosystem, I'm pumped to have @coinfund lead the round, joined by @AB_insights, @a16z, @cbventures, @CRV, GIC, @gpt, @paraficapital, Vista, @wmt_ventures, @ycombinator and others.

Also grateful to have the best founders building in the space joining the round: @zcabrams (Bridge, OUSD), @psneville (Circle, Catena), @sternhenri (Privy), @prabhakar2reddy & @karan705 (OpenFX), @SamBroner (Better Money Co.) and Ricardo Marino (Global Chairman at Itaú), among others.

Over the last year, AI & stablecoins have powered us to an inflection point. Today, we have fewer employees than we did two years ago, while revenue and volume have grown more than 10x crossing $5B in annualized TPV. AI is embedded across Jeeves and has fundamentally changed how we build and operate.

Alongside the round, we're launching:

💸 Jeeves stablecoin wallets: Our custom built wallets supporting USDC and USDT, with payouts to 190 countries, all in one platform.

💳 Cards in 10 more countries: Argentina, Peru, Paraguay, Uruguay, Panama, Guatemala and others. The same award winning expense management platform used by BMW, Burger King and H&M are now available in these markets.

🧾 Accounts Receivable (AR): Alongside our core Cards and AP modules, we're launching our AR module, starting with Brazil 🇧🇷 This was one of the biggest customer requests!

📊 Jeeves Global AI Spend Tracker: We all know AI spend is growing but if you operate in six countries, with Claude spend in pesos & OpenAI spend in pounds, how do you actually know what you spent across models, countries, currencies & what drives ROI? Well now you do with our Global AI spend tracker across the globe 🌎

🇪🇸 Lastly, we opened our doors in Madrid to accelerate our expansion across EMEA, with a focus on stablecoin payment corridors between Europe & the world.

The next decade of global banking will be agentic and seamless between stablecoin and fiat. To build this companies need to own the primitives directly. This chapter is being written right now, and small teams with big ambition, powered by AI and stablecoins, will write it. We intend to be the company that defines it 🌎

Thank you to our customers, teammates and investors for the trust you put in us every day 🙏

If you want to shape the future of global money at the cutting edge of stablecoins and AI, come build it with us. It won't be easy but it will be fun 👉 https://t.co/ylDYGqlszL

Day one of this next chapter starts now. It's time to build.

[Andrew (AA) Airelobhegbe @AndrewAirelob]

If you are a contractor or real estate investor (BRRR, Fix-and-Flip, STR operator), it is such a disservice to your team not to be onboard Glep!
Do you really enjoy all the finance heavy lifting?

[Andrew (AA) Airelobhegbe @AndrewAirelob]

@scozky Thank you @scozky

[Andrew (AA) Airelobhegbe @AndrewAirelob]

Spend management has always been horizontal: one product for all sectors.
The next wave is vertical, built around specific industries operations, powered by Al.

Today we're launching Glep the Al-Native spend management platform for real estate operators.
https://t.co/G75wsGqFMW

[Andrew (AA) Airelobhegbe @AndrewAirelob]

@dayozilon 🙏🏽

[Andrew (AA) Airelobhegbe @AndrewAirelob]

Thank you to our early customers, team & existing investors who have been along with us in this journey
@ycombinator, Oliver Yung, Nordstar,
@pioneer fund @Soma_Capital
@10xFounders @arashf @jbhasin25 @dayozilon @mborits @markessien and a lot more

[Andrew (AA) Airelobhegbe @AndrewAirelob]

Corporate cards • Banking • AR&AP • Aida Al, built around how real estate businesses move money. No monthly fee, no minimum balance.

https://t.co/G75wsGqFMW

**Glep is a financial technology company, not a bank. Banking services are provided by Core Bank, Member FDIC.

[Andrew (AA) Airelobhegbe @AndrewAirelob]

Glep is multi-entity by default. One LLC
per property or one LLC for the whole portfolio, every entity sits independently under one login, and nothing commingles.

[Andrew (AA) Airelobhegbe @AndrewAirelob]

Glep cards are built for the field.
Operators can issue virtual or physical cards with built-in controls, one per contractor, property or project.
Balance-based, with no personal guarantee.

[Andrew (AA) Airelobhegbe @AndrewAirelob]

It’s been a long time coming.
Finally live!

[Andrew (AA) Airelobhegbe @AndrewAirelob]

@TheCharlesIsidi Condolences, Charles!

[Lenco (YC W’22) @LencoHQ]

It's a family affair! 🇿🇲⚽🇳🇬

Zambia takes on Nigeria at the CAF Women's Africa Cup of Nations on Saturday, 1st August. No matter who wins on the pitch, Lenco is cheering for business in both countries.

What's your score prediction?👀