Spiko raises $90 million to expand tokenized cash funds across markets
Spiko raised $90 million in Series B funding to scale its $2.7 billion tokenized cash fund business and expand into new markets.
New Enterprise Associates (NEA) has led Spiko’s $90 million Series B funding round, expanding the tokenised cash funds provider’s total capital to $120 million. Spiko aims to broaden access to yield on cash, addressing the issue that many smaller businesses, entrepreneurs, nonprofits, and financial institutions have limited access to yield-generating opportunities.
The company’s platform allows users to access regulated cash funds with varying liquidity options, and it currently operates in Europe and the United States, serving a diverse range of clients. With the new funding, Spiko plans to launch additional funds, enter new markets, and expand its team across Europe.
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