Spiko Raises $22M to Scale Tokenised Treasury Innovation
European treasury fintech startup Spiko has raised $22 million in Series A funding to scale its cash-yielding infrastructure for businesses.
The round was led by Index Ventures, alongside support from White Star Capital, Frst, Rerail, Blockwall, and Bpifrance Digital Venture Fund.
Spiko plans to use this fresh capital to expand across Europe, invest in product enhancements, and strengthen its partner distribution channels.
This milestone underscores the growing appetite for smarter, API-first treasury solutions in a fragmented European financial environment.
Building Infrastructure for Idle Cash to Work Harder
Spiko aims to solve a quiet inefficiency plaguing European businesses—idle corporate cash that earns no return without unnecessary risk exposure.
Their treasury fintech platform unlocks access to institutional-grade yields through tokenised fund infrastructure and seamless 24/7 automation.
The solution allows finance teams to put idle deposits to work, without moving capital into risky or illiquid investments.
With central bank rates above zero, Spiko enables companies to mimic US-level returns—without needing to lock cash away.
Prominent Backers Signal Confidence in Long-Term Vision
The startup has attracted a powerful group of backers, including fintech veterans and seasoned institutional investors.
Angels like Revolut co-founder Nikolay Storonsky and Wise CTO Harsh Sinha bring deep fintech credibility and operational expertise.
Other prominent investors include Jean-Luc Robert of Kyriba, Zach Abrams of Bridge, and Lionel Assant of Blackstone.
Their backing signals belief in Spiko’s mission to reshape treasury norms and democratise access to yield for European SMEs.
Index Ventures partner Julia Andre explained, “Spiko is unlocking liquidity pools and expanding treasury access through smart infrastructure. That vision resonated deeply with us.”
Fast Organic Growth Since 2024 Launch
Although Spiko only launched in 2024, the company has already reached over $400 million in assets under management (AUM).
It has also processed more than $900 million in working capital from over 1,000 businesses across Europe.
This traction is particularly notable given that Spiko’s growth has been entirely organic, driven by word-of-mouth and product strength.
Its API-first approach enables clients to integrate Spiko’s tools directly into existing finance systems with minimal friction.
This means businesses enjoy real-time liquidity management and instant access to cash-equivalent transfers—whenever needed, without waiting.
Distribution Strategy and Key Partnerships
While product innovation matters, distribution remains Spiko’s biggest lever for impact and scale.
The company has already secured strategic integrations with forward-looking platforms such as Fygr and Memo Bank.
By embedding into existing financial ecosystems, Spiko maximises reach without adding complexity for clients.
This embedded finance approach allows treasury management to scale to firms of all sizes, not just large corporates.
Spiko plans to deepen these partnerships while adding new ones across core European markets in the next growth phase.
Challenging the Status Quo of European Treasury
Paul-Adrien Hyppolite, Spiko’s co-founder, explains, “Many European firms wrongly assume their cash must sit idle or be locked away.”
“But as long as rates stay positive, unused cash means missed earnings—especially compared to US counterparts.”
With Spiko, companies gain easy, compliant access to returns they otherwise overlook.
It levels the playing field by making sophisticated treasury yields accessible through modern, low-friction infrastructure.
This mindset shift could transform how thousands of businesses approach capital efficiency and short-term liquidity planning.
A Fintech Opportunity Worth Billions
The treasury fintech space represents a vast, under-penetrated segment of enterprise finance.
European firms hold trillions in operational cash, much of it stuck in legacy systems or low-interest accounts.
Spiko’s infrastructure unlocks value from this capital while remaining compliant with EU financial regulations.
The tokenised model adds transparency and efficiency, reducing latency and settlement risks.
As more CFOs prioritise capital productivity, platforms like Spiko will play a critical role in driving strategic liquidity management.
What’s Next for Spiko?
The new funding positions Spiko to expand its footprint aggressively across Europe and double down on product sophistication.
This includes refining portfolio analytics, enhancing user dashboards, and onboarding more real-time fund options.
In addition, Spiko plans to ramp up hiring in engineering, distribution, and compliance—ensuring it can meet demand at scale.
By strengthening its operational core, the company aims to become the default cash management layer for modern European finance.
Spiko is also investing in education and awareness, helping firms understand why idle capital is no longer an acceptable strategy.
Final Thoughts
Spiko’s $22M raise is more than a funding milestone—it’s a vote of confidence in the future of treasury fintech.
By solving overlooked inefficiencies and aligning with how CFOs want to operate, Spiko is poised to lead a European treasury revolution.
With institutional backers, a strong founding team, and a surging client base, the company has momentum to reshape how capital is managed.
As embedded fintech expands and infrastructure goes mainstream, Spiko could redefine the standard for treasury tools across the continent.