Key highlights:
- Spiko raised $90 million in fresh funding, pushing its total capital raised to $120 million as demand for tokenized cash products accelerates.
- Spiko’s tokenized cash funds now hold $2.7 billion in assets, spanning euros, dollars, pounds and Swiss francs across more than 25 jurisdictions.
- The company plans to expand across Europe and launch new cash and fixed-term funds, targeting programmable corporate treasury and on-chain yield.
Fintech firm Spiko has raised $90 million in a Series B round as demand for tokenized cash products pushes its assets under management to $2.7 billion. The fintech says its funds now serve more than 10,000 businesses and individuals across more than 25 jurisdictions.
NEA leads $90 million Spiko funding round
New Enterprise Associates (NEA) led the financing, with participation from Index Ventures, Bpifrance, Speedinvest, Flourish Ventures, White Star Capital, Blockwall, Frst, EQNX, Mirana Ventures and Wintermute Ventures.
Former Bundesbank President Axel Weber and the founders of Qonto also joined as angel investors. The latest round brings Spiko’s total funding to $120 million.
Spiko plans to use the capital to launch additional cash and fixed-term funds, expand into new European markets and grow its workforce. Per the
Source:: Spiko Raises $90M as Tokenized Cash Funds Hit $2.7B in Assets