Jiko Scores $29 Million Series C

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Jiko&comma; a technology platform and bank that provides seamless access to U&period;S&period; Treasury bills&comma; has completed a &dollar;29 million Series C funding round led by existing investors Upfront Ventures&comma; with the participation from Airbus Ventures&comma; Red River West&comma; Radicle Impact and other undisclosed investors&period; This latest investment strengthens the company’s operating capital as it continues to establish itself as a major player in the institutional and enterprise market&period;<&sol;p>&NewLine;<p>The Jiko platform provides clients with the flexibility to open and manage digital corporate pockets of cash in real time&period; Jiko’s foundational innovation&comma; Jiko Pockets&comma; allows clients to conveniently purchase and sell T-bills programmatically&comma; 24&sol;7&comma; offering a safer alternative to traditional investment vehicles like leveraged bank deposits and money market funds&period; Jiko’s uniquely integrated digital trading desk&comma; banking charter&comma; and cloud-based infrastructure have helped clients trade over &dollar;10 billion in T-bills&period;<&sol;p>&NewLine;<p>As a result&comma; treasury teams can for the first time access&comma; configure&comma; and manage digital pockets of sensitive corporate cash through Jiko’s online corporate dashboard&comma; Jiko’s secure enterprise API&comma; and Jiko’s cutting-edge integrations into a growing list of world-leading Treasury Management platforms&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;This funding round is a testament to the trust our investors have in Jiko’s mission&comma;” said Stephane Lintner&comma; Jiko Founder and CEO&period; &OpenCurlyDoubleQuote;By connecting corporate treasurers directly to the US government’s yield and full faith&comma; we are witnessing an unparalleled unlocking of financial flexibility and control for our globally-operative clients&period; We love to see our platform help treasury teams innovate beyond existing workflows–with the peace of mind that their investments earn the risk-free treasury rate at all times&period;”<&sol;p>&NewLine;<p>In addition&comma; Jiko intends to add Scott Richland&comma; Chief Investment Officer of the California Institute of Technology&comma; Centerbridge Senior Advisor Steve Shafran&comma; and former Ally Bank Chairperson and CEO Barbara Yastine&comma; to its board of directors&comma; pending required regulatory approvals&period; Each new board member brings seasoned experience from the banking and asset management sectors&period; These new board members will provide invaluable insight as the company continues to mature and broaden its influence in the corporate treasury space&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Jiko’s platform represents a disruptive innovation for anyone holding cash in traditional money market funds&comma;” said Scott Richland&comma; Chief Investment Officer of the California Institute of Technology&period; &OpenCurlyDoubleQuote;Jiko is challenging the status quo and delivering a level of security and flexibility that money market funds simply cannot provide&period; I am excited to join the board and support Jiko in its mission to disrupt the treasury market&period;”<&sol;p>&NewLine;