Spiko raises $22m to modernise cash management in Europe

By Vriti Gothi

Spiko, a FinTech company, has raised $22 million in a Series A funding round to modernise corporate cash management through its tokenised fund infrastructure.

The round was led by Index Ventures, with strong support from White Star Capital, Frst, Rerail, Blockwall and Bpifrance’s Digital Venture Fund. The raise also attracted influential 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 underscoring deep market confidence in Spiko’s innovative model and growth trajectory.

Founded to address longstanding inefficiencies in European treasury operations, Spiko delivers a digitally native cash management platform that enables businesses to effortlessly earn competitive treasury yields on idle deposits. Designed with an API-first architecture, the platform integrates seamlessly into existing workflows, offering real-time, 24/7 access to cash-equivalent transfers and automated liquidity management.

Having launched just a year ago, Spiko has scaled rapidly to over $400 million in assets under management and has processed more than $900 million in working capital for over 1,000 businesses across Europe. Strategic partnerships with emerging platforms such as Fygr and Memo Bank have further strengthened Spiko’s distribution network, extending its reach and impact.

Paul-Adrien Hyppolite, Co-Founder of Spiko, said, “In Europe, there’s a mistaken belief that your money won’t earn interest unless you lock it away or assume unnecessary risk. But as long as central bank rates are positive, idle corporate cash represents a lost opportunity — one that US businesses have long capitalised on. Spiko is changing the game by empowering European firms to effortlessly put their cash to work, unlocking yield while retaining full liquidity.”

Julia Andre, Partner at Index Ventures, said, “Spiko is tapping into a significant and underserved opportunity in treasury management. By leveraging tokenised fund infrastructure, they are opening new channels of liquidity and redefining how cash management is distributed across Europe. We’re excited to back their vision to build an expansive product suite and scale through innovative partnerships.”

This latest capital infusion will fuel Spiko’s expansion plans, enabling further investment in product development, enhanced distribution, and deeper collaboration with banking and FinTech partners across the continent. With a robust roadmap ahead, Spiko remains focused on delivering secure, efficient, and customer-centric solutions that align with the evolving needs of modern European businesses driving sustainable returns and setting a new standard for digital treasury management.