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Spiko

Category: AI in Fintech

A regulated, tokenized money market fund platform that enables businesses and investors to earn daily interest on idle cash without sacrificing liquidity. The funds are primarily secured by highly liquid, low-risk assets like Eurozone and U.S. Treasury Bills. Spiko was founded in 2023. The company is led by Paul-Adrien Hyppolite. Based in Paris, France. Team size: 10-50. Total funding raised: $26.5M. Latest round: Series A. Key investors include Index Ventures, White Star Capital, Backed VC, Frst, Rerail, Blockwall, Bpifrance.

Founded
2023
Headquarters
Paris, France
Team size
10-50
Total funding
$26.5M

Value proposition

Providing seamless, regulated, and liquid access to daily, risk-free interest on idle cash through Europe's first tokenized money market funds, enabling superior cash optimization without lock-ups.

Products and solutions

Tokenized Money Market Funds (EUR and USD), On-chain transfers via stablecoins, APIs for programmatic access and embedding MMFs into other products

Unique value

The first platform to offer regulated, tokenized money market funds in Europe, providing businesses with direct, liquid access to risk-free rates (from Treasury Bills) and daily interest on idle cash. Its architecture uniquely combines regulated fund management with blockchain-based token issuance and stablecoin payments.

Target customer

European businesses of all sizes, including startups, SMEs, freelancers, holding companies, and fintechs. Also serves individuals and CFOs looking to optimize idle cash.

Industries served

Fintech, Startups & SMEs, Corporate Treasury, Venture Capital, Real Estate, Holding Companies, Freelancers

Technology advantage

Composable and interoperable financial infrastructure built on blockchain, replacing legacy systems. This model reduces costs by cutting out intermediaries (custodians), enables 24/7 worldwide cash-equivalent transfers, and offers API-based integration for embedding its financial products into other platforms.

How they differentiate

Unlike competitors relying on legacy financial infrastructure, Spiko has built its own tokenized, composable infrastructure. This allows for direct access to money market funds, daily interest without lock-ups, 24/7 transfers, and stablecoin payment capabilities, cutting out traditional middlemen.

Main competitors

Revolut, Wise, Qonto, Trade Republic, Digishares, Brickken

Key partnerships

Chainlink, Memo Bank, Fygr

Notable customers

While specific client names are not disclosed, the platform serves over 1,000 businesses, including startups, SMEs, and freelancers. Spiko is also forming distribution partnerships with platforms like Memo Bank and Fygr to expand its reach.

Major milestones

Founded in 2023 and raised a €4M seed round., Developed and launched Europe’s first tokenized money market funds for business cash., Reached $400M in Assets Under Management (AUM) within the first year., Raised a $22 million Series A round in July 2024., Integrated Chainlink's CCIP to enhance cross-chain interoperability.

Growth metrics

Reached $400 million in Assets Under Management (AUM) and processed over $900 million in transactions from more than 1,000 businesses within its first year. The company projects reaching $1 billion in AUM by the end of 2025.

Market positioning

An innovative financial infrastructure provider focused on cash management optimization for businesses in Europe through its regulated, tokenized money market funds.

Geographic focus

Europe, with a primary focus on France. The company has stated plans for future expansion into the US market.

Patents and IP

Information not publicly available.

About Paul-Adrien Hyppolite

Co-founder and CEO of Spiko. Previously served as the deputy head of the financial markets division at the French Treasury Department with prior experience in private equity. Focused on transforming financial infrastructure for the issuance and management of financial instruments.

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