Jiko, a San Francisco, CA-based company developing a technology platform and bank that provides access to U.S. Treasury bills, raised $29M in Series C funding.
The round was led by Upfront Ventures, with participation from Airbus Ventures, Red River West, Radicle Impact and other undisclosed investors.
The company intends to use the funds to further enhance its operating capital as it continues to establish itself as a major player in the institutional and enterprise market.
Founded by CEO Stephane Lintner, Jiko provides a platform that provides clients with the flexibility to open and manage digital corporate pockets of cash in real time. Its product, Jiko Pockets, allows clients to purchase and sell T-bills programmatically, 24/7, offering an alternative to traditional investment vehicles like leveraged bank deposits and money market funds.
Jiko’s integrated digital trading desk, banking charter, and cloud-based infrastructure have enabled clients to trade over $10 Billion in T-bills.
FinSMEs
16/12/2024