Senior Software Engineer, Jiko

T-bills, described as ‘a short-term U.S. government debt obligation backed by the Treasury Department with a maturity of one year or less’ offers a unique solution to money storage, designed to store and move money at large scale. That, coupled with the acquisition of a nationally regulated U.S. bank, - historically the first fintech company to do so - gives Jiko a substantial niche in the fintech market.

Jiko’s own ‘Jiko Money Storage’ product aims to provide low-cost access to T-bills, from start-ups to global corporations, offering ‘highly competitive’ potential yields. However, it remains to be seen whether this model of storage will continue to prove reliable for Jiko’s customers, as the risks arising from inflation, interest rate, and opportunity cost play a large factor into T-bills return of investment. Nevertheless, Jiko has enjoyed increasingly impressive rounds of funding to date, indicating that its product pitch is turning heads.