[Paris], [December 18, 2024] — French fintech Spiko, a specialist in cash management solutions, announces a groundbreaking milestone for businesses and individuals across Europe. The company is now offering direct access to a liquid, yield-bearing savings solution in U.S. dollars, with zero currency conversion fees, all accessible through a euro-denominated bank account.
Just six months after its launch, Spiko has already attracted €125 million in assets on its platform, earning the trust of hundreds of businesses and individuals who use its services daily to manage their cash.
In a macroeconomic environment marked by low interest rates in Europe and a robust U.S. economy, the dollar and U.S. Treasury Bills are emerging as compelling alternatives for European savers and corporate treasurers.
Through its intuitive platform, powerful APIs, and money market funds fully backed by Treasury Bills, Spiko empowers individuals and businesses to save in dollars while benefiting from the attractive yields offered by U.S. Treasuries.
“Our mission is simple: to give all Europeans access to risk-free rates in the world’s leading currencies. We started with the euro and are now expanding to the dollar, driven by the strength and growth potential of the U.S. economy,” said Paul-Adrien Hyppolite, co-founder and CEO of Spiko.
About Spiko:
Founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon, two former ENS/X-Mines senior civil servants, Spiko is a fintech innovating access to euro- and dollar-denominated money market funds, fully backed by Treasury Bills issued by systemic eurozone countries and the U.S. federal government. Supervised and regulated by the French Financial Markets Authority (AMF), Spiko’s products are designed to provide optimal cash management solutions for businesses and individuals. By leveraging tokenized shareholder registries, Spiko streamlines daily operations and simplifies the process of subscribing to and redeeming money market funds.
Legal Information:
Spiko Finance is a simplified joint-stock company registered with the Paris Trade and Companies Register (No. 980 659 585), headquartered at 16 rue des Immeubles Industriels, 75011 Paris, France. Spiko Finance is an investment advisor registered with CNCGP, a professional association accredited by the AMF. Spiko Finance is also listed with ORIAS under registration number 23008251. All client funds are held in compliance with applicable regulations by its banking partner, CACEIS Bank, a subsidiary of the Crédit Agricole Group. Investing cash in a U.S. dollar-denominated money market fund involves currency exchange risk.
Press contact:
Paul-Adrien HYPPOLITE
contact@spiko.io
https://www.spiko.io/
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