MENLO PARK, Calif.–(BUSINESS WIRE)–Airbus Ventures announces its latest investment in Jiko, an Oakland-based revolutionary financial network for storing and moving money. Jiko announced today that it has closed a $40M Series B funding round. Led by Red River West, the latest round also included backing 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, which enables companies of all levels – from multinationals to startups – to store money in usable government bills.
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 spent time leading a company pursuing nuclear fusion-based propulsion in space. With Jiko, he has 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 as ambitious as Jikos,” notes Claas Kohl, Partner at Airbus Ventures. “Jiko’s network presents uncompromising security combined with the efficiency of a modern technology stack and is equipped to soon support financial activity in multiple currencies. Poised for international success, Stephane has nurtured the foundations of a high-speed financial transaction and investment platform.”
Jiko Money Storage gives companies of all sizes and across industries affordable access to government bills – an asset class that offers highly competitive return potential, but for which traditional access can be expensive and opaque – thus presenting a more flexible alternative and complement. to other money storage options. Jiko’s platform also enables companies to carry out banking and financial activities in a way that is simple, efficient and secure.
“Today’s CEOs, CFOs and corporate treasurers must be increasingly agile in the face of factors such as inflation, supply chain disruptions and geopolitical conflict, while still managing their company’s risk exposure – making it critical that cash returns through safe and secure strategies,” said Stephane Lintner , CEO and co-founder of Jiko. “This 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 stored safely at leading custodian bank BNY Mellon, deposited directly into treasury bills with liquidity as needed and will soon be made mobile 24/7 on the Jiko network. This enterprise cash storage solution comes as businesses look to make cash work harder to combat inflation and volatility.
About Jiko
Jiko is a revolutionary new financial network, which enables companies – from multinationals to startups – to both store and move money, starting from the power of government bills, made usable. Safely held in the largest custodian bank in the country, cash is deposited directly into treasury bills with liquidity on demand. 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 firm that independently funds and supports startups that will move both the aerospace industry and our planetary system to a sustainable future. Airbus Ventures has been helping ambitious innovators reach new dimensions of achievement since 2015.
