Treasury FinTech Spiko raises $22m to scale in Europe

July 17, 2025

Spiko, a FinTech company revolutionising European cash management through tokenised fund infrastructure, has secured $22m in a Series A funding round.

The round was led by Index Ventures, with additional backing from White Star Capital, Frst, Rerail, Blockwall and Bpifrance’s Digital Venture Fund.

Prominent angel investors also participated, 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.

Founded to tackle inefficiencies in how European businesses manage their cash, Spiko offers a platform that enables firms to access treasury yields on idle deposits.

The new capital will be used to scale operations across Europe, invest in product development, strengthen marketing, and expand its network of partnerships.

The company is focused on ramping up distribution and has already formed strategic collaborations with platforms such as Fygr and Memo Bank.

Since launching just a year ago, Spiko has grown organically to over $400m in assets under management and processed more than $900m in working capital from over 1,000 businesses. Its API-first architecture supports seamless integration and automation, enabling 24/7 access to cash-equivalent transfers.

Spiko co-founder Paul-Adrien Hyppolite said, “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.”

Index Ventures partner Julia Andre said, “Spiko is going after a vast opportunity in treasury management and leveraging their tokenized 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.”