Jiko

What Jiko does

Jiko is a vertically integrated financial technology platform that combines a nationally chartered bank (Jiko Bank, a division of Mid-Central National Bank) and a registered broker-dealer (Jiko Securities, Inc.) with proprietary software to deliver direct ownership of U.S. Treasury bills alongside bank-account functionality. The company's flagship product, Jiko Pockets, pairs a bank account with a brokerage account and is operated by autonomous T-Bill Agents that continuously invest cash in T-bills, monitor balances, liquidate positions as needed for payments, and reinvest proceeds on a 24/7 basis. Treasury bills are held in client name at BNY Mellon as primary custodian, providing direct government-backed security without money market fund counterparty exposure or pooled-asset structure. JikoNet, launched in 2025, extends the platform into real-time institutional USD settlement by liquidating sender T-bills, transferring funds via ledger at Jiko Bank, and reinvesting into T-bills for the recipient in real time.

The company serves corporate treasurers and finance teams as the primary segment, with additional reach into financial institutions and fintechs via API embedding, municipalities and government entities (e.g., public school district funds management), construction and engineering firms with project-driven cash flows, and digital-asset companies requiring 24/7 USD settlement. Distribution occurs through direct enterprise sales, native integration with Kyriba's Liquidity Management platform, an enterprise API documented at docs.jiko.io, and strategic partnerships including with Coinbase, Crypto.com, Bitso, and Blockstream. Revenue is generated through transaction fees on T-bill trading executed by Jiko Securities, recurring subscription and advisory fees on commercial brokerage accounts, and standard banking service fees on wires, ACH, and card transactions. The platform reports 130,000+ accounts opened, over $1 billion in T-bills traded for institutional clients since the summer 2022 corporate launch, and over $10 billion in T-bills traded cumulatively for institutional clients since launch, with a disclosed $100M+ same-day withdrawal processed without leverage and 400ms Visa card spend latency.

Jiko was conceived in response to the 2008 financial crisis, formally established around 2015-2016, and acquired Mid-Central National Bank in 2020 to become a bank holding company. The company has raised approximately $69M+ in disclosed venture funding across a Series B ($40M, October 2022), a Series C ($29M, December 2024), and strategic investments from Coinbase and Blockstream Capital Partners in October 2025, and is regulated by the Federal Reserve, OCC, SEC, and FINRA, with SOC 2 Type II and PCI certifications. Headquartered in San Francisco with 51-100 employees, Jiko is led by CEO and co-founder Stephane Lintner alongside Chief Business Officer Andrew Covato and CTO Michael Hermus, and has assembled an advisory committee including former U.S. Treasury Secretary Lawrence H. Summers, former FDIC Chair Sheila Bair, and Coinbase's Head of Institutional Product Greg Tusar.

Name

Jiko

Legal name

Jiko Group, Inc.

Website

https://jiko.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Jiko is a vertically integrated fintech combining a nationally chartered bank and registered broker-dealer to provide corporate treasurers and institutions with direct ownership of U.S. Treasury bills, automated 24/7 liquidity, and real-time USD settlement via Jiko Pockets, JikoNet, and enterprise APIs.

Ownership category

akta.pro rank

Product category

Corporate Treasury Management

NAICS

Commercial Banking (52211), Securities and Commodity Contracts Intermediation and Brokerage (5231), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)

akta.pro secondary industries

Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration) (FSAGAAAG), Multi-Asset Electronic Trading Platforms (FSAFANAH)

Keywords

• Treasury bill investing
• Corporate treasury management
• Banking API infrastructure
• T-bill settlement network
• Institutional cash management

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. T-Bill Trading and Investment Services: Revenue generated from facilitating T-bill purchases, sales, and automated reinvestment for clients. Jiko Securities, Inc. executes trades on behalf of customers as a registered broker-dealer.
2. Banking Services: Banking services including wire transfers, ACH payments, and card transactions provided through Jiko Bank division of Mid-Central National Bank.
3. Commercial Brokerage and Advisory Accounts: Fee-based commercial brokerage and advisory account services with transparent pricing for corporate treasury clients.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Jiko provides a vertically integrated financial platform combining a nationally chartered bank (Jiko Bank, a division of Mid-Central National Bank) with a registered broker-dealer (Jiko Securities, Inc.) to enable direct investment in US Treasury bills with full banking functionality. The core offering is Jiko Pockets, which pairs a bank account with a brokerage account powered by autonomous T-bill agents that keep cash continuously invested in T-bills while supporting 24/7 payments, transfers, and card transactions.

Product overview

Jiko is a vertically integrated financial technology platform that combines a nationally chartered bank (Jiko Bank) and a registered broker-dealer (Jiko Securities) with proprietary technology to provide seamless access to U.S. Treasury bills. The core product is Jiko Pockets, which combines bank account functionality with direct T-bill investment, powered by automated T-bill agents. The platform offers Direct Access for self-directed treasury management, API Access for enterprise embedding into institutional platforms, and JikoNet for real-time 24/7 institutional settlement. Treasury teams access the platform through an online Business Dashboard, secure APIs, and integrations with leading Treasury Management platforms like Kyriba. The platform is designed to replace traditional money market funds and bank deposits with direct T-bill ownership that provides safety, yield, and liquidity without counterparty risk.

Differentiator

Problem solved

Functional benefit

Brands

• Jiko Pockets: Digital corporate pockets combining bank accounts and brokerage accounts for storing cash in T-bills with 24/7 payment capabilities
• JikoNet
• Jiko Money Storage

Products and services

• Jiko Pockets Digital accounts combining a bank account at Jiko Bank (division of Mid-Central National Bank) with a brokerage account at Jiko Securities, powered by autonomous T-bill agents that continuously invest cash in US Treasury bills while maintaining full transactional capabilities for payments, transfers, wires, ACH, and card spending. Designed for corporate treasurers, municipalities, and institutional clients seeking direct T-bill ownership with bank-like functionality.
• JikoNet Real-time settlement network enabling institutions to move large volumes of US dollars securely 24/7, keeping assets continuously invested in T-bills until the moment of transaction, minimizing counterparty and liquidity risks. Facilitates instant transactions between Jiko Pockets by automatically liquidating sender T-bills, transferring funds via ledger transfer, and reinvesting for the recipient.
• Jiko API Access Enterprise API enabling seamless, secure embedding of Jiko Pockets in institutional platforms of choice, with real-time T-bill agents handling automated investment management in the background. Supports pre-packaged integrations via API or FTP for account balances, transactions, T-bill trades and pricing, and positions at portfolio and CUSIP level.
• Direct Access Platform enabling treasury teams to invest in US Treasury bills directly from Jiko's dashboard or through secure integrations with trusted platforms, with T-bill agents removing friction by making T-bills accessible with bank account-like simplicity.

Quantifiable outcome

• Traded over $1 billion in T-bills for institutional clients
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Crypto.comcoreStrategic or Co-development Partner · 17 October 2025Partnership with Crypto.com to use Jiko's U.S. T-bill-based model for financial operations, strengthening infrastructure with security, liquidity, and 24/7 availability.
• BitsocoreStrategic or Co-development Partner · 17 October 2025Partnership with Bitso to use Jiko's U.S. T-bill-backed rails for settlements and payments, bringing safety and efficiency to serve Latin American customers with faster, safer financial services.
• BlockstreamcoreStrategic or Co-development Partner · 17 October 2025Partnership with Blockstream to use Jiko's T-bill model for financial operations as part of strategic collaboration bridging traditional finance and digital assets.
• KyribacoreTechnology or Integration · 23 February 2023Strategic partnership integrating Jiko Pockets into Kyriba's Liquidity Management platform marketplace, enabling Kyriba's enterprise clients to access direct T-bill investment and management directly from Kyriba.
• The Bank of New York Mellon (BNY Mellon)coreTechnology or IntegrationPrimary custodian for customer Treasury bills held in segregated accounts for the benefit of Jiko's customers. T-bills are primarily held at BNY Mellon and select custodial partners.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Mercury: Mercury offers business banking accounts and treasury products to startups and growth-stage companies, including integrated T-bill and cash management features. It is the most direct competitor to Jiko Pockets for the corporate treasury customer segment.
• Modern Treasury: Modern Treasury provides treasury operations infrastructure (payments, reconciliation, bank connectivity) for fintechs and corporates. Jiko and Modern Treasury increasingly sit on adjacent sides of the same corporate treasury stack and partner/channel dynamics.
• Unit: Unit is a banking-as-a-service platform offering embedded deposit accounts, cards, and treasury features via API. Jiko's API-first Jiko Pockets offering competes with Unit for the embedded corporate banking/Treasury customer.
• Treasury Prime: Treasury Prime provides bank-to-fintech APIs for embedded banking, account opening, and payments. Jiko's enterprise API distribution overlaps with Treasury Prime's developer-first BaaS approach for fintech and corporate platforms.
• Circle: Circle's USDC stablecoin is backed by short-duration US Treasuries, making Circle a direct competitor for T-bill-native cash storage, particularly in the crypto and digital-asset settlement use case JikoNet targets.
• Paxos: Paxos is a regulated blockchain infrastructure platform offering tokenized T-bills, stablecoins, and broker-dealer services. It overlaps directly with Jiko on regulated crypto-to-Treasury product distribution.

Broad incumbents

• Stripe Treasury: Stripe Treasury offers embedded financial accounts (FDIC-insured) and T-bill/money market yields to platforms via API. Stripe's scale, distribution, and developer ecosystem make it a major competitive incumbent for embedded treasury demand.
• Block (Square) Cash App: Block (formerly Square) provides consumer-facing Treasury yield products and embedded financial services for businesses, including treasury and payments features that overlap with Jiko's wallet/treasury stack.
• BNY Mellon: BNY Mellon serves as Jiko's primary custodian for client T-bills while also offering its own institutional cash management and Treasury services platform. As both partner and incumbent competitor, BNY represents the largest legacy player competing for the same institutional wallet.

Emerging players

• Synctera: Synctera is an emerging BaaS platform enabling fintechs to launch bank accounts, debit cards, and treasury products. It competes with Jiko's API-first distribution in the embedded finance segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/teamjiko
• LinkedInlinkedin.com/company/teamjiko

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds8 records

Investors25 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jiko