Jiko calls itself a “personal bank,” although it operates differently than a traditional bank account. It’s not an FDIC-insured bank. Instead, money from Jiko accounts is invested into U.S. Treasuries, which co-founder and CEO Stephane Lintner hopes will result in the highest yield. Jiko has “all the features of a functional bank just with way more efficiency,” claims Lintner. It’s a “building block that allows you to reclaim control over your data and your money.”

https://techcrunch.com/2017/10/24/jiko-raises-7-7-million-for-debit-card-with-cash-back/