Why JikoOur ModelJiko AppJiko PlatformAbout


A trailblazer with a mission to make finance safe, reliable and rewarding for everyone.

Jiko is a financial technology company that offers a new way to store and move money, designed to create a fluid and rewarding banking experience for all.

The idea for Jiko came from the consequences of the 2008 financial crisis, when our team experienced the limits of the current money system while working on Wall Street. Witnessing what individual’s deposits were used for in traditional banking, we united around the idea that there must be another way to protect individuals’ hard earned cash.

In September of 2020, Jiko became the first fintech to acquire a national bank, in addition to being a licensed broker dealer. Prior to that accomplishment, Jiko spent 4 years developing a full-stack technology infrastructure that merges payment rails with real-time, 24/7 principal trading capabilities.

This innovative combination is the backbone for Jiko’s transparent and rewarding model, which doesn’t use deposited funds for its own investment purposes. Instead, customers funds are transparently invested in historically safe U.S. government-backed Treasury Bills (T-Bills) 2.

This model is made available to individuals through a mobile banking app (the Jiko app), and to business partners through its API platform (the Jiko Platform).

Berkeley, CA


Rejkjavik, Iceland

Jiko is a creative and hard-working team with cross-functional expertise in technology, trading, payment, and communication fields. The team is headquartered in Berkeley, California, with offices in New York City and Reykjavik, Iceland. Since its inception in 2016, Jiko has raised over $50M from trusted investors who believe in building an innovative, trusted financial paradigm to store, invest and spend: A new foundation for money.

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It’s time to rethink debit

Feb '21

Jiko in the News

“Rather than ceding the yield on those investments to the typical bank, which takes deposits and buys Treasuries or lends out the money, the Jiko customer keeps it.”

“Jiko is a very different kind of bank that invests consumer deposits directly into U.S. treasury bills, allowing them to reap a higher yield.”

"When you open an account with Jiko it doesn’t hold your deposits itself on its balance sheet and immediately converts them into T-Bills. That means that you then get the returns from these T-Bills.”

“Jiko’s unusual, slow-and-steady approach isn't its only point of differentiation... (it's) the peace of mind in knowing one's funds are secured with government debt."

The future of banking might be hiding in Minnesota

Protocol • Jan ‘21

Jiko secures $40 million Series A to build mobile bank from the bottom up

Finledger • Oct’20

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Jiko keeps you invested in US Treasury Bills.

US Treasury Bills are securities backed by the “full faith and credit” of the US government

Securities investments:

Not FDIC insured • No Bank Guarantee • May Lose Value

Jiko, owned and operated by Jiko Technologies, Inc., makes available a unique combination of financial services provided by Jiko Technologies, Jiko Securities, Inc., a registered broker-dealer, and Jiko Bank, a division of Mid-Central National Bank, Member FDIC.

US Treasury securities (“Treasuries”) are issued by the federal government and are backed by the “full faith and credit” of the US government.
Learn more here. Past performance is not indicative of future performance.

  1. Cashback rewards apply to qualifying purchases only. See our Exclusive Rewards Terms for more information.
  2. Funds are invested in T-Bills in $100 increments. Aggregate funds in your Jiko Brokerage Account of less than $100 will remain in that account in cash. Securities investments: Not FDIC Insured; No Bank Guarantee; May Lose Value.
  3. Profits from Treasury Bills may or may not be tax exempt at the state and local level. We do not provide tax or legal advice. Please refer to your financial advisor or tax professional for advice.
  4. Returns are calculated from January 1, 2020 to December 31, 2020. Past performance is not indicative of future returns.

Securities are offered by Jiko Securities, Inc. (“JSI”), acting as the principal carrying firm. JSI is a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). All your securities and funds are held in an omnibus account at Apex Clearing Corporation, pursuant to the U.S. Securities and Exchange Commission Rule 15c3-3 customer protection rules. SIPC protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

See FINRA BrokerCheck and Jiko U.S. Treasuries Risk Disclosures

Banking services provided by Jiko Bank, a division of Mid-Central National Bank, Member FDIC. The Jiko Debit Card is issued by Jiko Bank, a division of Mid-Central National Bank, and may be used wherever Discover cards are accepted to perform the transactions and subject to any dollar amount or frequency limitations set forth in the Limitations Disclosures.

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