With the latest round of Series B funding, Jiko has secured $40M to transform the future of liquid money storage.

Airbus Ventures announces its latest investment in Jiko, an Oakland-based revolutionary financial network to store and move money. Jiko today announced that it has closed a $40M Series B funding round. Led by Red River West, the latest round also included support from Trousdale Ventures, Owen Van Natta, Temaris & Associates, La Maison Partners, BPI France, Anthem Ventures, Upfront Ventures, and Radicle Impact. Jiko also announced today the public launch of its Jiko Money Storage solution, enabling companies of all tiers – from multinational corporates to startups – to store money in spendable T-bills.

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Jiko’s CEO and Co-Founder, Stephane Lintner, pictured above. (Source: Jiko)

Jiko is led by CEO Stephane Lintner, who co-founded the company after nearly a decade at Goldman Sachs leading strategies across multiple asset classes and brings a rich scientific sensibility to his pioneering work, with a PhD in applied and computational mathematics from Caltech. A trained physicist, he previously spent time leading a company pursuing nuclear fusion-based propulsion in space. With Jiko, he’s built an impressive leadership team with deep experience at organizations including the Federal Reserve Bank of New York, Acorns, and Snap, Inc.

“It’s rare to come across a fintech team quite as ambitious as Jiko’s,” notes Claas Kohl, Partner at Airbus Ventures. “Jiko’s network presents uncompromised safety combined with the efficiency of a modern tech stack and is equipped to soon support multi-currency financial activity. Poised for international success, Stephane has fostered the foundations of a high-speed financial transaction and investment platform.”

Jiko Money Storage provides companies of all sizes and across industries with low-cost access to T-bills – an asset class that offers highly competitive potential yield, but for which traditional access can be costly and opaque – thereby presenting a more flexible alternative and complement to other money storage options. Jiko’s platform also enables companies to conduct banking and financial activities in a manner that is simple, effective, and secure.

“Today’s CEOs, CFOs and corporate treasurers must be increasingly nimble in the face of factors such as inflation, supply chain disruption, and geopolitical conflict, while still managing their company’s risk exposure – making it paramount that cash deliver yield through safe and secure strategies,” said Stephane Lintner, CEO and Co-Founder of Jiko. “That need is at the heart of why we created Jiko, and with this additional funding, we look forward to continuing our work to transform how money can be moved and stored – exemplified by our milestone launch of Jiko Money Storage.”

With Jiko Money Storage, cash is securely stored at leading custody bank BNY Mellon, put directly into T-bills with on-demand liquidity and will soon be made moveable 24/7 on the Jiko network. This corporate money storage solution comes as firms look to make cash work harder to combat inflation and volatility.

About Jiko

Jiko is a revolutionary new financial network, enabling companies – from multinational corporations to startups – to both store and move money, starting with the power of T-bills, made spendable. Securely stored at the biggest custody bank in the country, cash is put directly into T-bills with on-demand liquidity. Jiko combines the stability of an established national bank with the modernity of an integrated technology stack. Founded in 2016 and led by a team of Wall Street veterans, quants and technologists, Jiko owns and operates an OCC-chartered, Member FDIC national bank and registered broker-dealer. For more information, visit www.jiko.io.

About Airbus Ventures

Headquartered in Silicon Valley, with offices in Toulouse and Tokyo, Airbus Ventures is a fast-moving, early-stage venture capital company that independently funds and supports startups set to shift both the aerospace industry and our planetary system to a sustainable future. Airbus Ventures has helped aspiring innovators reach new dimensions of achievement since 2015.

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