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Jiko is a technology company.
Jiko operates as a financial technology company, integrating a federally regulated national bank and a registered broker-dealer. Its core product, Jiko Pockets, merges traditional bank account features with automated investments in U.S. Treasury bills. This approach delivers enhanced safety, liquidity, and yield by directly linking client funds to secure government securities.
Co-founded by Stephane Lintner in 2016, Jiko emerged from the insight that traditional banking infrastructure could be reimagined for enhanced security and efficiency. Lintner, a former Goldman Sachs trader, led the effort to build a resilient financial system prioritizing secure money storage and movement through modern technological capabilities.
Jiko serves clients seeking integrated financial solutions, offering access via its proprietary dashboard, APIs for institutional partners, or trusted third-party platforms. Its vision is to redefine cash management by merging the stability of government-backed assets with the transactional flexibility of a bank account, aiming to set a new standard for financial infrastructure.
Jiko has raised $124.7M across 5 funding rounds.
Jiko has raised $124.7M in total across 5 funding rounds.
Jiko has raised $124.7M in total across 5 funding rounds.
Jiko's investors include Prefix Capital, Upfront Ventures, Red River West, Slow Ventures.
Jiko is a San Francisco-based financial technology company that operates a national bank, broker-dealer, and digital platform, enabling direct investment in U.S. Treasury bills (T-bills) with bank-like liquidity and safety. It serves institutional clients like crypto exchanges (e.g., Coinbase, Bitso, Crypto.com), handling corporate cash management, real-time settlements, and payments across sectors such as digital assets, M&A, real estate, aviation, shipping, and energy. Jiko solves liquidity and counterparty risks in traditional banking by eliminating intermediaries, investing 100% of balances in T-bills for yield, security, and 24/7 instant transfers via its JikoNet platform—managing over $10 billion in T-bills traded, 130k+ accounts, and sub-second Visa card spends.[1][2][3][4]
Growth momentum includes $69M in total funding, with a $40M Series B in 2023 led by Red River West, plus partnerships with majors like BNY Mellon for custody and rapid onboarding (11 days from sandbox to production).[2][5][6]
Jiko's founding team, comprising ex-bankers, engineers, and Goldman Sachs veterans, coalesced in 2016 after experiencing the 2008 financial crisis's liquidity failures—Wall Street's issues in the U.S. and Iceland's bank collapses firsthand.[1][3][6] CEO Stephane Lintner, a former Goldman Sachs trader, envisioned a resilient infrastructure free from traditional banking risks, allowing cash to be held directly in T-bills with checking-account usability.[5][6]
Pivotal moments included acquiring an OCC-chartered national bank, registering as a FINRA broker-dealer, and building a proprietary platform over years. Early traction came from institutional trust, evolving into a mission for scalable cash safeguarding amid crises like 2023 banking turmoil.[1][4]
Jiko rides the trend toward tokenized real-world assets (RWAs) and stablecoin infrastructure, where T-bills underpin USD liquidity for crypto, DeFi, and beyond amid rising demand for yield-bearing, risk-free rails post-2023 bank failures.[1][2] Timing aligns with regulatory clarity on digital assets and Basel III's liquidity emphasis, favoring direct Treasury exposure over deposits vulnerable to runs.[1][4]
Market forces like high interest rates boost T-bill yields (making them attractive vs. 0% bank cash), while 24/7 global trade demands non-stop settlement—Jiko influences fintech by enabling crypto firms' U.S. compliance and real-time M&A/energy payments, reducing systemic risks and inspiring "T-bill native" banking.[2][5] It humanizes finance by democratizing access to "source of money" for institutions, countering legacy banks' opacity.[1][6]
Jiko is positioned to dominate institutional T-bill liquidity as RWAs and on-chain finance explode, potentially expanding to retail via partners like Public and national loans.[2][4][6] Trends like Fed rate normalization, tokenized Treasuries (e.g., BlackRock's BUIDL), and 24/7 CBDC pilots will amplify demand; Jiko's bank-fintech hybrid could capture share from SVB-like failures.
Influence may evolve into a "stable network" backbone for global USD rails, with growth via acquisitions or crypto treasury tools—watch for $100B+ AUM as safety-first innovation redefines cash in volatile markets, fulfilling its crisis-born mission to safeguard futures at scale.[1][2]
Jiko has raised $124.7M across 5 funding rounds. Most recently, it raised $29.0M Series C in December 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2024 | $29.0M Series C | Prefix Capital, Upfront Ventures | |
| Oct 1, 2022 | $40.0M Series B | Red River West | Prefix Capital, Slow Ventures, Upfront Ventures |
| Oct 1, 2020 | $40.0M Series A | Prefix Capital, Upfront Ventures | |
| Oct 24, 2017 | $7.7M Series A | ||
| Oct 1, 2017 | $8.0M Seed | Prefix Capital, Upfront Ventures |