How Much Did Jiko Raise? Funding & Key Investors

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.

Keep reading to explore the intricacies of Jiko's fundraising journey and the investors backing this innovative fintech platform.

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.

How Much Funding Has Jiko Raised?

1. Pre-Seed
   • Amount Raised: USD 1,700,000
   • Date: June 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
2. Seed
   • Amount Raised: USD 7,700,000
   • Date: October 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and further develop the platform.
3. 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.
4. 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.
5. 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.
6. Series Unknown
   • Date: October 2025
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing operations and future growth initiatives.

Total Amount Raised: USD 118,400,000. Current Valuation: Not publicly disclosed.

Key Investors

• Crypto.com
  • Details: Crypto.com is a cryptocurrency platform that offers a wide range of services including trading, payments, and financial services. It aims to accelerate the world's transition to cryptocurrency.
  • 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 supports the development of decentralized financial systems.
  • 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 has a strong track record of supporting innovative startups.
  • 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, focusing on aerospace and related technologies. It aims to foster innovation in the aerospace industry.
  • 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 that invests in technology companies with a focus on scaling in the U.S. and Europe. It supports companies in their growth stages.
  • 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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