Paris-based Spiko, which enables businesses to earn interest from their money via government-issued securities, has announced a $90m Series B led by New Enterprise Associates. Existing investors Index Ventures and Speedinvest also participated, along with new backers including Sequoia Capital, Balderton Capital, and others. The round brings Spiko’s total funding to $120m.
The company plans to use the capital to expand its platform across Europe, targeting markets like Germany, the UK, and the Nordics. Spiko’s solution allows companies to park cash in short-term government bonds, earning yields while maintaining liquidity. The firm has seen rapid adoption among fintechs and SMEs seeking alternatives to low-interest bank accounts.
“We’re solving a critical problem for businesses that want to earn returns on idle cash without taking on risk,” said Marie Dupont, CEO of Spiko. “This funding will help us scale our infrastructure and reach more companies.”
The Series B follows a $30m Series A raised in 2023, and reflects growing demand for cash management tools in the current high-interest-rate environment. Spiko has processed over $5.2bn in transactions since launch, and now serves more than 1,000 corporate clients across France, Spain, and Italy.
Source: Sifted · Summarized by HeadlinesBriefing