France Fintech Startup Spiko Raises $22M In Series A Round

Currently, $25 trillion in European bank deposits is sitting idle—missing out on interest, efficiency, and protection.

In the US, businesses of all sizes routinely earn interest on their cash without giving up liquidity—thanks to a more developed cash management ecosystem. Europe, by contrast, has been slower to adopt such practices. But that’s changing.

There’s a growing trend across Europe toward better cash optimisation and diversification, especially among businesses. Spiko is tapping into this need—and gaining strong early traction.

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Spiko uses tokenisation to unlock access for smaller businesses that traditional banks often ignore due to high servicing costs.

By acting as a blockchain-based transfer agent (a role usually handled by legacy custodians), Spiko removes middlemen, cuts costs, and enables 24/7 global cash-equivalent transfers.

Its core funds are backed by Treasury Bills from the US or Eurozone governments—assets considered risk-free, highly liquid, and non-speculative, since they’re tied to central bank rates.

Spiko’s tokenised infrastructure also supports stablecoin transfers, allowing customers to deposit or withdraw using crypto or fiat—offering a faster, more flexible alternative to traditional wire payments.

Paul-Adrien Hyppolite, Spiko co-founder, commented: “In Europe, there’s a mistaken belief that your money won’t earn interest unless you lock it away or take on risk. But as long as central bank rates are above zero, sitting on idle cash means European businesses are missing out on returns that US competitors routinely receive.

With Spiko, we’re changing the game by making it easy for anyone to put their cash to work.”

Paul-Adrien began his career in private equity and later worked as an economist at the Treasury. Antoine served as a technology advisor to France’s Minister of Public Sector Transformation, with prior roles in the Prime Minister’s digital directorate and at Palantir.

Just a year since launch, Spiko manages over $400 million in assets, having processed $900 million+ in working capital from more than 1,000 businesses—all through organic growth, with no sales team involved.

The platform is on track to cross $1 billion in AUM by year-end and has already partnered with Fygr and Memo Bank to bring its product to their customers.

The funding round was led by Index Ventures, with additional backing from White Star Capital, Frst, Rerail, Bpifrance, and Blockwall. It also attracted several high-profile angel investors, including Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, Bridge co-founder Zach Abrams, Wise CTO Harsh Sinha, Blackstone co-CIO Lionel Assant, and the founding team of Pennylane.

Julia Andre, partner at Index Ventures, commented: “Spiko is going after a vast opportunity in treasury management and leveraging their tokenised fund infrastructure to unlock new pools of liquidity through innovative distribution.

Their initial product resonates strongly with customers in Europe, and we’re excited about their vision to tap into huge distribution channels with an expansive product offering over time."

The Series A funding will help Spiko scale faster, with planned investments in sales, marketing, product development, and expanding partnerships.

About Spiko

Founded in 2023, Spiko is building next-gen infrastructure for issuing and transferring financial instruments 24/7. Its core offering—money market funds in EUR and USD—provides easy, API-based access to risk-free rates for businesses, fintechs, and individuals looking to optimise their cash management.