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Total amount raised
$120M
Latest funding date
2025-10-07
Location
Jiko has successfully raised funding over 7 rounds, with strategic backing from notable investors such as Crypto.com and Blockstream Capital Partners. The company has also made an acquisition, specifically acquiring Mid-Central National Bank.
What Is Jiko?
Jiko is a fintech company based in San Francisco, California, specializing in API access and treasury bill investment services. The company operates within the banking, financial services, fintech, and trading platform industries.
Founded in the wake of the 2008 financial crisis, Jiko aims to provide a safer, simpler, and more liquid financial service by leveraging U.S. Treasury bills. The company employs between 51 and 100 people and has formed strategic partnerships with major digital asset platforms including Crypto.com, Bitso, Coinbase, and Blockstream Capital Partners.
How Much Funding Has Jiko Raised?
- Debt Round
- Amount Raised: USD 7,000,000
- Date: 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial operations and product development.
- Seed (Series A)
- Amount Raised: USD 7,700,000
- Date: October 2017
- Lead Investors: Upfront Ventures, Radicle Impact
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and further develop the platform, with additional participation from Social Capital, 500 Fintech, Digital Currency Group, Core Innovation, Embark Ventures, and Story Ventures.
- Series A
- Amount Raised: USD 40,000,000
- Date: October 2020
- Lead Investors: Upfront Ventures, Wafra
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities, with participation from Radicle Impact, NYCA Partners, and Anthem Ventures.
- Series B
- Amount Raised: USD 40,000,000
- Date: October 2022
- Lead Investors: Red River West
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product offerings, with participation from Trousdale Ventures, Owen Van Natta, Temaris & Associates, La Maison Partners, BPI France, Airbus Ventures, Anthem Ventures, Upfront Ventures, and Radicle Impact.
- Series C
- Amount Raised: USD 29,000,000
- Date: December 2024
- Lead Investors: Upfront Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To increase working capital and accelerate growth in the corporate market, with participation from Airbus Ventures, Red River West, and Radicle Impact.
- Corporate Minority (Strategic Investment)
- Amount Raised: Undisclosed
- Date: October 2025
- Lead Investors: Coinbase, Blockstream Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and future growth initiatives, alongside strategic partnerships with Crypto.com and Bitso.
Total Amount Raised: At least USD 123,700,000 based on disclosed funding (the October 2025 round amount is undisclosed). Current Valuation: Not publicly disclosed.
Key Investors
- Coinbase
- Details: Coinbase is a leading cryptocurrency exchange platform. It made a strategic equity investment in Jiko as part of the October 2025 announcement alongside Blockstream Capital Partners.
- Investment Focus Areas: Cryptocurrency, blockchain technology, financial services.
- Notable Investments: Not publicly disclosed.
- Blockstream Capital Partners
- Details: Blockstream Capital Partners is a venture capital firm focused on investing in blockchain and cryptocurrency technologies. It co-led the October 2025 strategic investment in Jiko.
- Investment Focus Areas: Blockchain, cryptocurrency, decentralized finance.
- Notable Investments: Not publicly disclosed.
- Upfront Ventures
- Details: Upfront Ventures is a venture capital firm that invests in early-stage technology companies. It led the 2020 Series A and 2024 Series C rounds.
- Investment Focus Areas: Technology, consumer products, enterprise software.
- Notable Investments: Bird, Ring, TrueCar.
- Airbus Ventures
- Details: Airbus Ventures is the venture capital arm of Airbus. It participated in both the 2022 Series B and the 2024 Series C rounds.
- Investment Focus Areas: Aerospace, defense, related technologies.
- Notable Investments: Dedrone, Isar Aerospace, Xpansiv.
- Red River West
- Details: Red River West is a venture capital firm focused on scaling technology companies in the U.S. and Europe. It led the 2022 Series B round.
- Investment Focus Areas: Technology, transatlantic growth, scaling.
- Notable Investments: Mirakl, Ledger, Meero.
What's Next for Jiko?
Jiko stands at the cusp of significant growth opportunities, particularly in the corporate market. With its unique product, Jiko Pockets, the company offers a safer and more flexible investment alternative through U.S. Treasury bills. This positions Jiko to attract a broad customer base seeking lower-risk investments, especially in uncertain economic times.
The recent $29 million Series C funding round underscores investor confidence and provides the capital needed to scale operations. Future fundraising efforts are likely to focus on enhancing technology and expanding product offerings, potentially drawing more high-profile investors. However, Jiko must navigate challenges such as regulatory hurdles and competition from both fintech and traditional financial institutions.
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