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<\/a><\/a>\nThe company is attacking the Inertia Tax: the gap between what consumers earn on idle checking balances and what banks earn holding those deposits. U.S. households and nonprofits held about $5.9 trillion<\/a> in checkable deposits and currency at the end of Q1 2026, according to Federal Reserve data. Bank of America's consumer bank alone held about $945 billion<\/a> in deposits late in 2025, and CEO Brian Moynihan described<\/a> that deposit base as what drives the profitability in this company.<\/p> \nThe cost of that inertia is no longer abstract: in April 2026, a federal court approved a $425 million<\/a> settlement against Capital One over a savings product that quietly paid loyal customers far less than newer ones.<\/p> \nRivo connects to a user's existing bank account, monitors cash flow in real time, and automatically moves idle balances into higher-yield US government Treasuries (securities protected by SIPC) through its banking partner, Jiko<\/a>. Funds are returned before bills come due. Users don't change banks, don't move money manually, and don't change their behavior.<\/p> \n\"Most people aren't ignoring their money; they're busy, and the system was designed to profit from that,\" said Ambrish Tyagi<\/a>, founder and CEO of Rivo. \"Recommendation engines tell you what to do, but Rivo does it for you, every day, without needing your attention.\"<\/p> \nA representative Rivo household is a dual-income couple earning over $100,000 a year with two kids, salaries deposited every two weeks, bills on autopay, and tens of thousands of dollars sitting in their checking account. They are financially responsible and on top of everything, yet they had no idea their idle balance was earning them close to 0.07%* while their bank earned at least the prevailing federal interest rate (e.g., 3.6%** or higher in the current environment). Once their accounts were connected to Rivo, that yield started accruing without anyone lifting a finger.<\/p> \n\u201cAmbrish and the Rivo team are working on a problem almost every consumer has, and almost no one notices,\u201d said Aditya Agarwal, General Partner at South Park Commons. \u201cRivo stood out because the product does not stop at advice. It moves real money, manages edge cases, and has to earn trust through execution.\u201d<\/p> \nBefore founding Rivo, Tyagi led AI at Cruise during the launch of its commercial robotaxi service in San Francisco and previously worked on applied AI at Amazon. What made self-driving difficult was never the open road, it was the hard cases: a cyclist swerving or a truck stopping where it shouldn't, and the system only worked once it could handle those. Personal finance is the same. Pay cycles shift, a bill lands early, a shared account runs low, a charge hits the day before rent. Rivo is built for those moments, knowing when to move money, when to bring it back, and when to do nothing.<\/p> \nRivo's founding team brings together the rare combination this problem requires, with leaders from Personal Capital (acquired for ~$1 billion), Mint, Capital One, JPMorgan Chase, Microsoft, and LinkedIn.<\/p> \nRivo is now out of beta and open to the public. Read the full announcement here<\/a>.<\/p> \nDisclosures:<\/b><\/p> \nRivo is a technology company, not a bank. Banking services provided by Jiko Bank, a division of Mid-Central National Bank. Commercial and consumer account limitations may vary.<\/p> \nAll US Treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org<\/a>.<\/p> \nInvestments in T-bills: Not FDIC Insured - No Bank Guarantee - May Lose Value.<\/b><\/p> \nInvestment income on T-bills is taxed federally by the Internal Revenue Service. Income earned from T-bills is not subject to state tax and is not subject to local income taxes.<\/p> \nJiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and\/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. See <\/i>FINRA BrokerCheck<\/i><\/a>, <\/i>Jiko US Treasuries Risk Disclosures<\/i><\/a>, and <\/i>Jiko Securities Inc. Form CRS<\/i><\/a>.<\/i><\/p> \n*National average interest rate on checking accounts, FDIC, as of 15 Jun, 2026. Rates are subject to change.<\/i><\/a><\/p>