Spiko Raises $90M in Series B to Expand Tokenized Money Market Funds Across Europe

Paris, France – Fintech Spiko has announced the completion of a $90 million Series B funding round led by New Enterprise Associates (NEA). This latest investment brings the company’s total funding since its inception to $120 million. With this capital, Spiko aims to launch new funds, expand into additional European markets, and strengthen its local teams.

A Simple Mission: Better Returns on Liquid Cash

Founded on a straightforward premise—enabling businesses and individuals to earn higher returns on their cash without sacrificing liquidity—Spiko develops tokenized money market funds. These products are accessible via Spiko’s web and mobile applications and can also be integrated into financial platforms through a robust API. The funds are available in four major currencies: Euros (EUR), US Dollars (USD), British Pounds (GBP), and Swiss Francs (CHF).

Rapid Growth and a Scalable Model

Spiko’s rapid growth has significantly attracted investor interest. The company now reports $2.7 billion in assets under management (AUM), a substantial increase from approximately $400 million in July 2025. Spiko serves over 10,000 corporate and individual clients across more than 25 jurisdictions.

The company’s model is built on the tokenization of regulated funds. By registering shares on public blockchains, Spiko enables:

Instant withdrawals
Automated cash management infrastructure

For businesses, this means they can retain necessary liquidity for payroll and supplier payments while automatically investing surplus funds. These rules can be managed via Spiko’s API, integrated treasury management software, or, in the future, through AI agents.

Expanding Across Europe

The next phase of Spiko’s strategy is heavily focused on Europe. The company plans to establish local teams in:

Germany
Italy
Spain
The Netherlands
The Nordic countries

Spiko is currently headquartered in Paris and London.

Key Investors in the Series B Round

In addition to lead investor NEA, the round included participation from:

Index Ventures
Bpifrance
Speedinvest
Flourish Ventures
White Star Capital
Blockwall
Frst
EQNX
Mirana Ventures
Wintermute Ventures

Notable individual investors also participated, including Axel Weber, former President of the Bundesbank, and the founders of Qonto.

The Future of Cash Management

This funding round comes at a pivotal time as cash management evolves rapidly. Businesses are increasingly seeking to optimize their liquidity, while blockchain technology and automation tools are paving the way for continuous cash management—moving beyond the limitations of traditional market hours and banking system constraints.