About Spiko

Spiko offers a digital cash management platform that provides daily interest accrual on deposited funds by exclusively investing in sovereign Treasury Bills. Users can access their capital at any time without fees, ensuring full liquidity for their idle cash reserves.

<problem> Businesses and individuals often leave significant cash balances in standard checking accounts or low-yield term deposits, forfeiting potential returns. Traditional cash management solutions can involve lengthy setup processes and restrictive lock-in periods, hindering liquidity and accessibility. </problem> <solution> Spiko provides a digital platform for cash management that offers daily interest accrual on deposited funds. The service exclusively invests client assets in Treasury Bills (T-Bills) issued by major Eurozone countries or the U.S. Federal Government, providing a low-risk investment vehicle. Users can deposit funds starting from €1,000 and access their capital at any time without incurring fees or penalties, ensuring full liquidity. Spiko's platform is designed for straightforward integration into accounting workflows, treating investments similarly to term deposits for reporting purposes. The service is regulated under EU law and safeguarded by a global custodian bank, a subsidiary of Crédit Agricole. </solution> <features> - Daily interest accrual on cash balances, paid directly to the user's account. - Exclusive investment in sovereign Treasury Bills (T-Bills) for capital preservation. - Full liquidity with no lock-in periods, allowing withdrawals on any business day. - Minimum initial deposit of €1,000, with subsequent transactions starting from €1. - Seamless integration with accounting software and generation of financial reports. - Regulatory compliance under EU law, with assets held by a regulated custodian bank. - Support for both EUR and USD denominated accounts. - API access for programmatic integration into financial workflows and platforms. </features> <target_audience> The primary target audience includes startups, SMEs, holding companies, real estate firms, freelancers, and individuals seeking to optimize the yield on their idle cash reserves while maintaining high liquidity. </target_audience> <revenue_model> Revenue is generated through management fees, which are deducted daily from the deposited cash balance. These fees are factored into the net yield figures presented to users. </revenue_model>

What does Spiko do?

Where is Spiko located?

Spiko is based in Paris, France.

When was Spiko founded?

Spiko was founded in 2023.

How much funding has Spiko raised?

Spiko has raised 21500000.

Location

Paris, France

Founded

2023

Funding

21500000

Employees

20 employees

Major Investors

Index Ventures

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Spiko

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Executive Summary

spiko.io 5K+

Crunchbase

Founded 2023 – Paris, France

Funding

Estimated Funding

$20M+

Major Investors

Index Ventures

Team (20+)

No team information available.

Company Description

Problem

Businesses and individuals often leave significant cash balances in standard checking accounts or low-yield term deposits, forfeiting potential returns. Traditional cash management solutions can involve lengthy setup processes and restrictive lock-in periods, hindering liquidity and accessibility.

Solution

Spiko provides a digital platform for cash management that offers daily interest accrual on deposited funds. The service exclusively invests client assets in Treasury Bills (T-Bills) issued by major Eurozone countries or the U.S. Federal Government, providing a low-risk investment vehicle. Users can deposit funds starting from €1,000 and access their capital at any time without incurring fees or penalties, ensuring full liquidity. Spiko's platform is designed for straightforward integration into accounting workflows, treating investments similarly to term deposits for reporting purposes. The service is regulated under EU law and safeguarded by a global custodian bank, a subsidiary of Crédit Agricole.

Features

Daily interest accrual on cash balances, paid directly to the user's account.

Exclusive investment in sovereign Treasury Bills (T-Bills) for capital preservation.

Full liquidity with no lock-in periods, allowing withdrawals on any business day.

Minimum initial deposit of €1,000, with subsequent transactions starting from €1.

Seamless integration with accounting software and generation of financial reports.

Regulatory compliance under EU law, with assets held by a regulated custodian bank.

Support for both EUR and USD denominated accounts.

API access for programmatic integration into financial workflows and platforms.

Target Audience

The primary target audience includes startups, SMEs, holding companies, real estate firms, freelancers, and individuals seeking to optimize the yield on their idle cash reserves while maintaining high liquidity.

Revenue Model

Revenue is generated through management fees, which are deducted daily from the deposited cash balance. These fees are factored into the net yield figures presented to users.