Investment of $22M in Spiko, Headed by Index Ventures
Paris-Based Fintech Startup Spiko Transforms European Cash Management Market with Tokenized Infrastructure
Spiko, a fintech company founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon, is revolutionizing the European cash management market. Based in Paris, this innovative company aims to provide businesses and investors with access to risk-free treasury yields through its tokenized infrastructure [1][5].
Spiko's platform enables customers to earn daily interest on idle cash by investing in money market funds without compromising liquidity, a benefit that European businesses have been lacking compared to their US counterparts while central bank rates are above zero [1]. This tokenized infrastructure is reportedly the first of its kind for money market funds in Europe and allows transfers via stablecoins, offering an alternative to traditional wire payments [1]. This infrastructure supports funding with digital currency and withdrawals in fiat currency, enhancing flexibility and efficiency in cash management [1].
The company's founders, Paul-Adrien and Antoine, bring a unique blend of experience from the government and technology sectors. Paul-Adrien was an economist at the Treasury, while Antoine was a technology advisor to France's Minister of Public Sector Transformation [2][4].
In July 2025, Spiko announced a €18.9 million (about $22 million) Series A funding round led by Index Ventures and participated in by White Star Capital, Frst, Rerail, Bpifrance, Blockwall, and prominent angel investors including Revolut co-founder Nikolay Storonsky and others from the fintech and investment sectors [1][2][4]. This funding is intended to accelerate Spiko’s go-to-market strategy, expanding investments in sales, marketing, product development, and new partnership acquisitions, with an initial focus on Europe but plans to eventually enter the US market [1][2].
Spiko's tokenized architecture serves a large group of smaller businesses that have been traditionally overlooked by banks. By using tokenization, Spiko offers businesses the opportunity to earn daily interest without compromising constant access to their cash [1]. This nine-person team, led by co-founders Paul-Adrien Hyppolite and Antoine Michon, has already managed over $400 million in assets under management (AUM) after just one year, with projections to reach over $1 billion in AUM by the end of the year [1].
Spiko has also signed partnerships with Fygr and Memo Bank to offer its product to their customers [1]. More than $900 million in working capital has been processed through Spiko's platform, demonstrating the strong demand from businesses for its services [1]. The company acts as a transfer agent on a blockchain ledger, cutting out middlemen and reducing fund management costs [1].
Spiko's focus is on scaling across Europe, leveraging the benefits of tokenization for its customers. The company's goal is to offer customers transparency, ease of use, and new solutions enabled by tokenization, beyond its initial focus in France [1]. Customers can fund their accounts with digital currency and withdraw in fiat, or vice versa, through Spiko's platform [1].
In conclusion, Spiko is a young yet rapidly scaling fintech company that is innovating European treasury and cash management by leveraging tokenized infrastructure to democratize access to treasury yields and facilitate seamless liquidity via digital and fiat currency interactions [1][5].
Businesses and investors can access risk-free treasury yields through Spiko's tokenized infrastructure, a unique technology-driven solution transforming the European cash management market. This fintech startup, founded by Paul-Adrien Hyppolite and Antoine Michon, aims to provide an alternative to traditional wire payments, offering flexibility and efficiency in cash management for European businesses.
