Spiko provides a platform for earning daily interest on idle cash by investing exclusively in Treasury bills. Users maintain full liquidity with no fees or penalties for withdrawals at any time. The service offers accessible cash management solutions for individuals, startups, and businesses seeking risk-free yield.
Funding
$21.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
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.
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.
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.