Fintech Startup of the Week: Challenger Jiko Buys a $100M U.S. Bank
Fintech Labs Insights
SEPTEMBER 3, 2020
And going back a bit further, I’d put Suresh Ramamurthi and Suchitra Padmanabhan’s 2009 acquisition of $3.5M You’d think that Jiko was looking to leverage FDIC insurance to put its customers at ease. Technically not insured, but if T-bills go down, FDIC insurance will probably be insolvent as well.
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