Spiko, a Paris-based fintech platform, has secured $22 million in Series A funding to tackle one of Europe’s most overlooked financial inefficiencies: idle corporate cash. The funding round was led by Index Ventures and joined by White Star Capital, Frst, Rerail, Bpifrance, and Blockwall, alongside notable angels including Revolut’s Nikolay Storonsky, Wise’s Harsh Sinha, and members of Pennylane’s founding team.

This investment will help Spiko expand its reach across the continent by democratizing access to yield-generating financial instruments like tokenized Treasury bills - something previously reserved for large corporates and institutions. At a time when inflation is biting into operational margins, Spiko empowers small and mid-sized businesses (SMBs) to put every euro to work.

Solving the European Cash Yield Gap

In the U.S., it’s common for corporations to earn daily interest on surplus cash via money market funds or sweep accounts. In Europe, however, over $25 trillion in corporate deposits sit stagnant in commercial banks, typically earning close to zero. Spiko flips that paradigm by allowing SMEs to tap into institutional-grade yields via a blockchain-based infrastructure that offers daily liquidity, automated compliance, and full transparency.

The company’s tech stack tokenizes regulated money market funds composed of sovereign-backed instruments such as short-term Eurozone or U.S. Treasury bills. Built on Ethereum, Arbitrum, and Polygon, the platform gives customers real-time control of capital and enables instant transactions between wallets, platforms, and stablecoins.

From Zero to €400M+ AUM in Under a Year

Spiko’s go-to-market execution has been nothing short of remarkable. In under 12 months, the company onboarded over 1,000 customers and processed more than €775 million in working capital flows - all with a lean team and limited marketing spend. It has already surpassed €400 million in assets under management (AUM), signaling product-market fit in a segment that historically lacked innovation.

This traction isn’t just a reflection of demand - it’s a case study in founder-led product design. Spiko’s team, led by co-founders Paul-Adrien Hyppolite (a former French Treasury economist) and Antoine Michon (ex-technology advisor to France’s public sector), took a problem-first approach rooted in macroeconomic insight. Rather than trying to “disrupt banks,” they focused on giving businesses a better way to manage their treasury without changing their behavior or existing tools.

And here’s the value insight most founders miss: infrastructure doesn’t need to be complex - it needs to be consequential. The most successful infrastructure startups don’t get adopted because of how brilliant their architecture is; they get adopted because the user gains something tangible, repeatedly. Spiko’s tokenized yield isn’t just faster - it literally pays the user daily. Founders should take note: when your product produces a recurring, financial ROI from day one, your users won’t just adopt it - they’ll depend on it. Build around gain, not just utility.

Strategic Angels and Embedded Distribution

This Series A round doesn’t just bring capital - it adds deep credibility. With backing from fintech power players at Revolut, Wise, Kyriba, and Blackstone, Spiko has positioned itself as a legitimate infrastructure player. The company is already forging partnerships with banks like Memo Bank and platforms like Fygr to embed its capabilities directly into where SMEs already manage finances.

This embedded approach is key to Spiko’s scalability. Instead of relying solely on direct sales, the company integrates its offering into existing financial software, ERP platforms, and banking portals - meeting users where they are and expanding through network effects. With ultra-low fees (0.25% annually) and no lock-ups, the offering is tailored to the operational and liquidity needs of growth-stage businesses.

Expansion Plans and Future Vision

With the $22 million infusion, Spiko plans to accelerate its presence across Europe, grow its technical and sales teams, and launch localized products in markets with underdeveloped treasury infrastructure. The founders have also hinted at an eventual U.S. entry, where a similar appetite for tokenized money markets is emerging.

The company is also exploring programmable yield tools - allowing businesses to predefine how yield is split between reinvestment, operating expenses, or even employee perks. This signals a broader ambition: not just to optimize cash flow, but to make treasury a strategic pillar for every mid-sized business.

Redefining Treasury for the Next Decade

Spiko’s rise is a reminder that foundational layers of finance - like cash management - are still ripe for transformation. By combining macroeconomic fluency with blockchain-based delivery, the startup is giving European businesses access to financial leverage that was once the exclusive domain of global enterprises.

For founders building in fintech, SaaS, or infrastructure: Spiko shows that enduring growth often starts not with reinvention, but with reframing. Take something passive - like idle capital - and make it productive. Take something ignored - like treasury - and turn it into a growth engine.