Friday, October 27, 2017

Jiko Banks $7.7M

Oakland-based Jiko, which is developing an alternative to traditional banks--based on a mobile app, a cash back debit card, and offering up investment options like U.S. treasuries and other high yield investments--has raised $7.7M in a Series A funding. The funding came from Upfront Ventures, Radical Impact, and Social Capital. Jiko was founded by Stephane Lintner (formerly of Goldman Sachs) and Rocky Motwani (formerly of JP Morgan).