Jiko announced that it has closed a $40M Series B funding round. Led by Red River West, the latest round also included support from Airbus Ventures, Trousdale Ventures, Owen Van Natta, Temaris & Associates, La Maison Partners, BPI France, Anthem Ventures, Upfront Ventures, and Radicle Impact.

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.