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Jiko secures $29 million in Series C funding to enhance its digital platform for treasury management, enabling seamless investment in U.S. Treasury bills with real-time access and flexibility. The funding supports the company’s expansion efforts and strengthens its leadership with the addition of seasoned board members and advisors. With advanced technology and growing market demand, Jiko aims to transform corporate cash management and meet the evolving needs of institutional clients.
A Major Milestone for Jiko in Digital Treasury Innovation
Jiko recently completed a $29 million Series C funding round, led by Upfront Ventures with participation from Airbus Ventures, Radicle Impact, and other notable investors. This funding marks a significant step forward for the company as it strengthens its presence in the digital treasury management market. Jiko’s mission to provide secure and seamless access to U.S. Treasury bills positions it as a growing force in institutional and enterprise financial services.
The investment will enable Jiko to enhance its infrastructure, expand its client base, and meet the increasing demand for secure treasury management solutions. This development underscores the confidence investors have in Jiko’s platform and its potential to transform corporate cash management practices.
What Sets Jiko Apart in Treasury Management
Jiko’s platform introduces a novel approach to treasury management through its digital Jiko Pockets. These pockets allow corporations to securely invest in U.S. Treasury bills while maintaining the flexibility of a digital transaction account. Clients benefit from 24/7 access to purchase and sell T-bills programmatically, offering a level of agility not typically found in traditional financial systems.
Key advantages include:
- Direct access to the risk-free rates of U.S. Treasury bills.
- Safer alternatives to money market funds and leveraged bank deposits.
- Real-time access and control over corporate cash balances.
These features make Jiko’s offering especially attractive for treasury teams seeking modern solutions for cash management.
The Role of Technology in Jiko’s Success
Jiko’s success is grounded in its advanced technology platform, which integrates a digital trading desk, banking charter, and cloud infrastructure. This combination provides corporate clients with a secure and efficient way to manage their cash.
The platform supports the execution of trades around the clock, removing traditional constraints associated with financial markets. With over $10 billion in T-bill trades already processed, Jiko’s system has proven its capacity to handle large-scale operations while maintaining security and efficiency.
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Strategic Moves to Strengthen Leadership and Advisory Teams
To support its growth, Jiko has expanded its leadership and advisory teams. New board members include Scott Richland, Chief Investment Officer of the California Institute of Technology, Steve Shafran, and Barbara Yastine. These leaders bring decades of experience in asset management and banking, enhancing Jiko’s strategic direction.
The company has also established an advisory committee, chaired by Jean-Luc Robert, former CEO of Kyriba. Members include prominent figures such as former Treasury Secretary Lawrence H. Summers, Sheila Bair, and David Wehner. These advisors will provide critical insights on regulatory trends, market shifts, and technological advancements.
Investor Confidence and Growing Market Demand
Investor interest reflects the growing market demand for safer, more efficient treasury management solutions. With economic volatility and evolving financial regulations, corporations increasingly seek alternatives to traditional money market funds. Jiko’s ability to connect clients directly to U.S. Treasury yields offers a unique value proposition that aligns with these needs.
The new funding will allow Jiko to expand its reach, enhancing its ability to cater to a broader range of institutional and enterprise clients. This growth is expected to accelerate adoption of digital solutions in corporate treasury management.
Expanding the Horizon of Treasury Management
Jiko’s platform represents a shift in how corporations manage their cash, blending the safety of Treasury investments with the flexibility of digital tools. The company’s approach streamlines processes, reduces risk, and provides greater financial transparency.
By leveraging this funding, Jiko aims to scale its platform, add more integrations, and refine its offerings to align with the demands of global markets. Its commitment to innovation and security positions it to play a vital role in the evolving landscape of corporate finance.
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