Jiko provides a platform that allows users to invest in U.S. Treasury bills (T-bills) through a seamless digital interface, automatically managing cash sweeps and transactions. This solution addresses the complexity of T-bill investment by offering real-time liquidity and risk-free returns, making government-backed securities accessible like a traditional bank account.
Funding
$125.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Investing in U.S. Treasury bills (T-bills) is often complex and inaccessible, particularly for everyday finance and treasury teams, requiring navigating traditional brokerage accounts and manual cash management. This complexity creates friction and limits access to the safety and yield of government-backed securities.
Solution
Jiko offers a platform that simplifies investing in T-bills by providing a seamless digital interface and automating cash sweeps and transactions. The platform enables users to access the safety and yield of T-bills with the transactional capabilities of a bank account. Jiko automatically sweeps cash to a FINRA-registered broker-dealer, where it is invested in T-bills of the user's designated maturity. When funds are needed, Jiko automatically sells the closest-to-maturity T-bill(s) to cover the withdrawal amount.
Target Audience
Jiko targets both individual investors seeking a safe and liquid alternative to traditional bank accounts and institutional clients, including corporate treasury teams, looking to optimize cash management strategies.
Features
- Automated cash sweeps between a nationally registered bank and a FINRA-registered broker-dealer for T-bill investments
- Programmatic purchase and roll of T-bills at maturity to maintain continuous investment
- Real-time liquidity through automated T-bill sales to cover withdrawals
- Digital dashboard for managing T-bill investments
- API access for secure integration with trusted platforms
- Visa card integration for spending T-bills