A California company offering a cashback debit card has raised $ 7.7 m of series A funding from investors including venture capital , Radical ventures and venture Capital . Jiko describes itself as a " personal bank " and a technology company , and is not covered by US federal banking insurance . Users of its card will have their money invested in convertible convertible bonds , and receive at least 0.5 % cashback from the company on their transactions . It is scheduled for a public launch early next year .
A California company offering a cashback debit card has raised $7.7m of series A funding from investors including Upfront Ventures, Radical Impact and Social Capital. Jiko describes itself as a "personal bank" and a technology company, and is not covered by US federal banking insurance. Users of its card will have their money invested in US Treasury bonds, and receive at least 0.5% cashback from the company on their transactions. It is aiming for a public launch early next year.