Spiko raised €80.03 million in a Series B led by New Enterprise Associates (NEA), taking its funding to roughly €106.7 million. The Paris and London tokenised cash fund platform says its funds let customers put idle cash to work. The round follows an €18.9 million Series A in July 2025.
What does Spiko offer?
Spiko designs and distributes regulated cash funds, which it makes available in euro, dollar, pound sterling and Swiss franc. Customers can access the funds through a web service, a mobile app or an API. An API is a way for separate software products to connect and exchange information or services.
The platform says financial services can embed its funds directly into their own products through that API. Its funds are issued on blockchain infrastructure, a shared digital record system that can support programmable transactions. Spiko says this lets businesses set treasury rules that can run continuously, including moving idle cash into funds that earn a yield.
How did the round come together?
NEA led the Series B, and existing investors Index Ventures, Speedinvest and White Star Capital returned. Other participants included Bpifrance, Flourish Ventures, Shapers, Blockwall, Frst, EQNX, Mirana Ventures and Wintermute Ventures. The source also names angel participants Axel Weber and the founders of Qonto.
Spiko was founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon. The source describes Hyppolite as a former Deputy Head of the Financial Markets division at the French Treasury, and Michon as a former technology adviser to the French government who previously led deployments at Palatir. Hyppolite is identified as the company’s co-founder and CEO.
What does the funding bring?
The stated Series B amount is €80.03 million ($90 million). The company’s earlier Series A raised €18.9 million in July 2025, and the latest round brings total funding to roughly €106.7 million ($120 million). Those are the disclosed financing figures; no valuation or allocation of the new capital is given in the source.
Spiko says its funds are available across four currencies and can be reached through several access routes. Its platform had more than €2.4 billion ($2.7 billion) in assets under management, according to the source, which also reported a more than fivefold increase over the preceding 12 months. The company says this growth makes it the world’s largest issuer of tokenised cash funds, ahead of BlackRock and Franklin Templeton.
What remains to be clarified?
The funding report does not specify how Spiko will spend the Series B proceeds or disclose the round’s valuation. It also does not set out any new product or market launch tied to the financing. Spiko’s position on assets under management and its comparison with other issuers are claims attributed to the company in the source. Further detail on deployment of the funds and subsequent operating figures would clarify what changes after the round.