Spiko

Spiko is a financial technology company seeking to modernize the European cash management market by providing businesses and individuals with access to money market funds through a tokenized infrastructure. Founded in June 2023 by CEO Paul-Adrien Hyppolite and COO Antoine Michon, Spiko aims to address the issue of idle cash in European bank accounts that miss out on potential returns. The founders leveraged their previous experience in the French government, where Hyppolite was an economist at the Treasury and Michon was a technology advisor, to identify and tackle this market gap.

The company's core offering revolves around money market funds that invest in low-risk, short-term debt securities like Treasury Bills from major Eurozone governments and the U.S. Treasury. This provides clients, including startups, SMEs, fintechs, and individuals, with a way to earn daily interest on their cash reserves without sacrificing liquidity, as there are no lock-in periods or fees for deposits and withdrawals. Spiko's platform is designed to be user-friendly, with account setup possible in minutes and a minimum investment of 1,000 EUR or USD. The business model is based on taking a small, transparent management fee directly from the interest generated, ensuring the client's initial capital is never impacted.

A key feature of Spiko's platform is its use of tokenization, representing fund shares as tokens on a blockchain ledger. This approach, the first of its kind for money market funds in Europe, reduces costs by cutting out traditional intermediaries and enables 24/7 transfers. The platform also supports API integrations for seamless programmatic access and allows for funding and withdrawals via stablecoins, bridging traditional finance with digital currency. Spiko is licensed and supervised by the French financial authorities (ACPR and AMF) as a MiFID investment firm, and client assets are held with custodian banks CACEIS (a subsidiary of Crédit Agricole) and Santander, not by Spiko directly, to ensure security. Since its launch, the Paris-based startup has seen rapid organic growth, reaching over $1 billion in assets under management. In July 2025, Spiko announced a $22 million Series A funding round led by Index Ventures to accelerate its go-to-market strategy and European expansion.

Keywords: cash management, money market funds, tokenization, financial instruments, treasury bills, daily interest, asset management, fintech, blockchain finance, investment platform, liquidity management, risk-free rates, Series A, European market, corporate treasury, stablecoin, API integration, digital assets, investment firm, wealth management, capital markets infrastructure