Fintech Jiko, which launched a corporate money storage solution to make money better, has secured a $40 million Series B funding round.
Jiko CEO and co-founder Stefan Lintner
Led by Red River West, the Series B round included Trousdale Ventures, Owen Van Natta, Temaris & Associates, La Maison Partners, BPI France, Anthem Ventures, Upfront Ventures and Radicle Impact.
Jiko’s money storage solutions provide businesses of all kinds with low-cost access to store and move money in usable government bonds. A flexible alternative to other money storage options.
Cash is safely stored in custody bank BNY Mellon, deposited directly into short-term Treasury bills with on-demand liquidity, and available 24/7 on the Jiko network.
According to Jiko, its platform is more cost-effective than other fintechs on the market due to its technology stack, bank charter and broker-dealer status, allowing companies to find their business in a simple, effective and secure way. can conduct banking and financial activities in
The California-based financial network is headed by CEO Stephen Lintner. Stefan Lintner co-founded the firm after nearly a decade at Goldman, where he led strategies across multiple asset classes at Sachs.
Lintner said Jiko helps CEOs, chief financial officers (CFOs), and corporate treasurers stay “agile” in the face of inflation, supply chain disruptions, and geopolitical conflicts, while ” It will help “manage the company’s risk exposure.”