Spiko's $90M Bet: Making Every Dollar Earn, 24/7

Jan de Vries · 2026-10-06

Imagine checking your business bank account and seeing your cash just... sitting there. Not growing. Not working. Just parked. That's the reality for most companies and individuals, and Spiko just raised a hefty $90 million to change it. The Paris- and London-based tokenized cash fund platform closed a Series B round of $90 million, following a $20.4 million Series A in July 2025. Total funding now sits at roughly $120 million. The round was led by New Enterprise Associates (NEA), with existing investors Index Ventures, Speedinvest, and White Star Capital returning, plus a crew that includes Bpifrance, Flourish Ventures, Shapers, Blockwall, Frst, EQNX, Mirana Ventures, and Wintermute Ventures. Even Axel Weber, former president of the Bundesbank, and the founders of Qonto got in on the action. ### Why Spiko Thinks Your Cash Should Work Harder Here's the thing: Europe and the US collectively hold around $50 trillion in cash and deposits. Most of it earns next to nothing. Meanwhile, central bank rates are 2.5% in the eurozone and near 4% in the US. Each percentage point of yield on that pile represents about $500 billion annually—and right now, most of that flows to banks and big financial institutions, not to you. Spiko's founders, Paul-Adrien Hyppolite and Antoine Michon, saw this gap. Hyppolite is a former Deputy Head of the Financial Markets division at the French Treasury. Michon is a former technology advisor to the French government who led deployments at Palantir. They started Spiko in 2023 with a simple mission: make all cash earn by default, around the clock. > "Every person and every organisation holds cash, yet whether it earns anything still depends on who you are and how much you have. Yield should be universal." — Paul-Adrien Hyppolite, co-founder and CEO of Spiko ### How It Actually Works (No Finance Degree Required) Spiko designs and distributes its own regulated cash funds. They're available in four currencies—euro, dollar, pound sterling, and Swiss franc—and you can access them through a web or mobile app. But here's where it gets interesting: they also offer an API that lets financial platforms embed the funds directly into their own products. The secret sauce? Spiko issues its funds on blockchain infrastructure. That makes them programmable. A company can set its treasury rules once and have Spiko execute them continuously—turning idle cash into yield-bearing funds automatically. It's like setting your money on autopilot. This approach has made Spiko the world's largest issuer of tokenized cash funds, ahead of big names like BlackRock and Franklin Templeton. In just two years, they've grown to over $2.7 billion in assets under management—a more than fivefold increase in the past year. They now serve over 10,000 businesses and individuals across 25+ jurisdictions, including startups, VC funds, research institutions, and even medical practices. ### What's Next for Spiko? The fresh capital will fuel new funds, new markets, and team expansion. Spiko already has hubs in Paris and London and is building local presence in Germany, Italy, Spain, the Netherlands, and the Nordics. Traditional money market funds were built for business hours. Spiko is building for a world where money moves constantly through software and AI agents. If your cash could talk, it would probably say: finally.