In Europe, more than 20,000 billion euros stagnate on the current accounts of companies and individuals, generating little or no return. A situation which contrasts strongly with the United States, where even the smallest structures mobilize its cash in liquid and remunerative instruments such as monetary funds. It is precisely this inertia that the Fintech Spiko wants to develop, by attacking that its founders consider a dead angle of European markets with simple, daily and risk of monetary performance.
Founded in 2024, Spiko intends to democratize access to institutional monetary funds in Europe. Its solution allows any company, including SMEs, to place its excess cash in daily yield vehicles, backed by short -term public titles such as French or American treasury bills. Unlike traditional banking products, the Spiko platform allows instant subscription, full liquidity, and remuneration paid every day.
“” In Europe, it is wrongly believed that to generate yield, you have to immobilize your money or take risks. As long as central banks are positive, letting your cash flow come to miss out on yields that US companies get much easier. With Spiko, we change the situation: everyone can now put their cash at work, easily “Explains Paul-Adrien Hyppolite, co-founder of the company.
At the heart of the Spiko infrastructure is an unprecedented tokenization mechanism in Europe for this type of fund. This architecture eliminates traditional intermediaries, reducing costs, and providing continuous liquidity transfers, 24 hours a day. Subscriptions and redemptions can be made in Fiat as well as in Stablecoins, with instant conversion, positioning Spiko at the intersection of institutional finance and programmable finance.
In one year, the young shoot claimed more than 300 million euros in outstanding in management, for nearly 800 million euros in the flow of subscriptions and redemptions treated, all without a sales team. Its average monthly growth has reached 20 % since January 2025. SPIKO has already convinced around 1,000 customer companies and now initiates an expansion phase by relying on API integrations with Fintech partners like Memo Bank and FYGR.
This dynamic is part of a competitive landscape that is still not very structured in Europe, thus actors like Treasuryspring in the United Kingdom offer simplified access to monetary products, however their model remains focused on large companies and does not include daily remuneration or token infrastructure. In France, solutions such as Agicap or Fygr allow forecast cash monitoring, but without automatic placement functionality or yield optimization. Others, such as Kantox or Pennylane, focus on exchange risk or integrated accounts respectively. Spiko is distinguished by combining access to monetary instruments of institutional quality, daily payment of interest, tokenization of flows and API-ST integration, thus creating an unprecedented financial brick at the service of active cash of SMEs.
To support this dynamic, Spiko has just raised 18.5 million euros in series A. The Tour was led by Index Ventures, with the participation of White Star Capital, FRST, Rerail, Bpifrance Digital Venture and Blockwall. Several Fintech personalities have also invested individually, including Nikolay Storonsky (Revolut co-founder), Jean-Luc Robert (founder of Kyriba), Zach Abrams (Bridge co-founder), Harsh Sinha (Wise CTO), Lionel Assant (Co-Cio de Blackstone) and the founders of Pennylane.
Spiko was founded in 2024 by Antoine Michon, former advisor to the Ministry of Public Transformation and Ex-Palant, and Paul-Adrien Hyppolite, former economist at the General Directorate of the Treasury. The company is based between Paris and London. This fundraising of 18.5 million euros has more than 20 million euros the amounts brought together since the creation.
