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Spiko raises $90M to expand tokenized cash funds platform

Spiko, a provider of tokenized cash funds for businesses, has secured $90 million in Series B funding led by NEA, with participation from Index Ventures and others. The company offers regulated cash funds accessible via app or API, allowing businesses and institutions to earn returns on their cash. Spiko plans to use the new capital to launch additional products, expand across Europe, and grow its team.

Why it mattersThe funding supports Spiko's approach to making yield-generating cash products more widely accessible through tokenized infrastructure and APIs. This can help smaller organizations optimize cash management, a capability traditionally limited to larger institutions.

Sources covering this

Tech.euNEA leads Spiko’s $90M Series B to expand access to cash yield8:16 AM →EU-StartupsHeadline onlyParis- and London-based Spiko raises nearly €80 million to help businesses and individuals put idle cash to work11:08 AM →SiftedSpiko raises $90m in Series B backed by Index Ventures and Speedinvest4:28 PM →
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