Jiko Secures $29 Million in Series C Funding to Expand T-Bill Platform

Jiko, a technology platform and bank providing seamless access to U.S. Treasury bills, has successfully closed a $29 million Series C funding round. The investment was led by existing investors Upfront Ventures, with the participation of Airbus Ventures, Red River West, Radicle Impact, and other undisclosed investors. This funding round will bolster Jiko's operational capital as it continues to solidify its position in the institutional and enterprise market.

Jiko's platform enables clients to open and manage digital corporate pockets of cash in real time, offering a safer alternative to traditional investment vehicles. Through its innovative Jiko Pockets, clients can programmatically purchase and sell T-bills 24/7. The company's integrated digital trading desk, banking charter, and cloud-based infrastructure have facilitated over $10 billion in T-bill trades.

In a bid to enhance its board, Jiko plans to add experienced individuals such as Scott Richland, Steve Shafran, and Barbara Yastine, pending regulatory approvals. These additions are expected to bring valuable insights from the banking and asset management sectors. Additionally, the company has formed an advisory committee comprising industry experts such as Jean-Luc Robert, Lawrence H. Summers, Sheila Bair, David Wehner, and Greg Tusar to provide guidance on industry trends and best practices. 

With the latest funding, Jiko aims to expand its presence and meet the rising demand for T-bills safety across all sectors. The company's commitment to innovation and security has garnered a growing list of clients benefiting from the hassle-free T-bill-powered Jiko Pockets.

Source: Business Wire