French Fintech Spiko Secures $22M in Series A Funding to Revolutionize Cash Optimization in Europe

Paris-based fintech startup Spiko has raised $22 million in a Series A funding round, marking a significant milestone in its mission to democratize access to money markets for European businesses. The funding, led by prominent investors, aims to bridge the cash yield gap between Europe and the U.S., providing small and medium-sized businesses (SMBs) with innovative tools to earn returns on idle cash.

Spiko’s platform leverages tokenization technology to offer access to government securities and money market funds, a strategy that has already helped the company achieve $400 million in assets under management (AUM) within just 12 months. Backed by notable industry leaders, including the co-founder of Revolut and the CTO of Wise, Spiko is positioning itself as a game-changer in the European fintech landscape.

The company projects reaching $1 billion in AUM by the end of the year, driven by the growing demand for cash optimization solutions among SMBs often overlooked by traditional financial institutions. Spiko’s approach allows businesses to maximize returns on idle funds, a service that has gained traction amid economic uncertainties.

This Series A round, led by Index Ventures, underscores investor confidence in Spiko’s vision to transform how European businesses manage liquidity. The funds will be used to scale operations, enhance the platform’s capabilities, and expand its reach across the continent.

Spiko’s innovative use of tokenized money market funds is seen as a step toward modernizing financial services in Europe. By offering a user-friendly platform, the company aims to empower businesses with tools previously accessible only to large corporations or institutional investors.

As Spiko continues to grow, industry experts anticipate that its focus on cash yield optimization could set a new standard for fintech solutions in the region, potentially reshaping the competitive landscape for SMB financial services.