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July 17, 2025 – Spiko, a pioneering fintech transforming the European cash management market through its innovative tokenized infrastructure, today announced it has successfully raised $22 million in a Series A funding round. The round was led by Index Ventures, with continued support from existing investors and the addition of several prominent angel investors. This significant capital injection will accelerate Spiko’s mission to make risk-free rates accessible to businesses and individuals across Europe, following its remarkable achievement of reaching $400 million in Assets Under Management (AUM) within its first year.
"We’re thrilled to announce that Spiko has raised $22M in a round led by Index Ventures, with continued support from our existing investors and the addition of several incredible angel investors!" stated a representative from Spiko. "This funding validates our vision of democratizing access to treasury yields and will enable us to further scale our operations, enhance our product offerings, and expand our reach across Europe."
In today's financial landscape, many businesses and individuals struggle to earn meaningful returns on their idle cash, often facing low interest rates in traditional bank accounts or liquidity constraints with term deposits. Spiko addresses this critical need by providing seamless, secure, and liquid access to the risk-free rate derived from Treasury Bills, a market traditionally dominated by large institutions.
Spiko's Innovative Approach to Cash Management:
Spiko offers a suite of products, including Spiko Euro, Spiko Dollar, and Spiko Sterling, allowing users to earn daily interest in their preferred currency. The company also provides Spiko Cash & Carry for returns above the risk-free rate. These products are built on a tokenized money market fund infrastructure, which ensures:
- Daily Interest: Funds earn interest every day, without lock-ins, ever.
- Full Liquidity: Users can withdraw their cash anytime, any business day, with no notice, fees, or penalties.
- Robust Security: All funds are exclusively invested in Treasury Bills issued by major Eurozone countries or the U.S. Federal Government, offering extremely low counterparty risk. Client funds are never held by Spiko but are securely safeguarded by CACEIS Bank, a subsidiary of the Crédit Agricole group, a leading global custodian bank.
- Regulatory Compliance: Spiko products are approved by the French Financial Markets Authority (AMF) and are regulated under EU law, providing a secure and compliant framework for users.
Key Milestones and Strategic Collaborations:
Spiko's rapid growth and industry recognition are underscored by several recent achievements:
- $400M AUM Milestone: Achieving $400 million in Assets Under Management within its first year demonstrates strong market adoption and trust.
- Bpifrance Partnership: On April 17, 2025, Bpifrance, the French public investment bank, announced its subscription to Spiko’s tokenized money market fund using its own cash reserves, marking a significant step forward in blockchain-based finance and validating Spiko's innovative approach.
- Chainlink Integration: Spiko is integrating the Chainlink Interoperability Standard to enable compliant cross-chain access to its regulated money market funds. This collaboration also includes integrating Chainlink infrastructure with CACEIS to bring Net Asset Value (NAV) data of Spiko Money Market Funds on-chain, enhancing transparency and accessibility.
- Democratizing Access to U.S. Treasury Bills: Spiko has opened direct access to U.S. Treasury Bills and the dollar for all Europeans, a groundbreaking milestone for businesses and individuals seeking diversified cash management solutions.
Spiko serves a diverse range of clients, including startups, SMEs, individuals, fintechs, holding companies, real estate firms, and freelancers, providing tailored solutions to optimize their cash flow and maximize returns. The company's API access also allows fintechs to seamlessly embed money market funds into their own products. For the Web3 community, Spiko offers a compelling solution to earn risk-free rates from Treasury Bills on-chain, providing an alternative to zero-yield stablecoins.
The new funding will be instrumental in expanding Spiko's team, further developing its technological infrastructure, and accelerating its market penetration across Europe, solidifying its position as a leader in next-generation cash management.
About Spiko:
Spiko is a French fintech founded in 2023, dedicated to revolutionizing cash management by providing seamless access to risk-free rates through tokenized money market funds. Registered with the Paris Trade Register and as an investment advisor with CNCGP, Spiko operates under EU law, ensuring compliance and security. By partnering with leading financial institutions like CACEIS Bank, Spiko empowers businesses and individuals to earn daily interest on their cash with full liquidity and robust security.
Compiled by CMO Intern team
