Spiko raises $90M Series B to expand tokenized cash funds in Europe
- Reports
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- Developments
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- Repetition
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New informationRepeats or wire copies
What happened
Spiko, the world's largest issuer of tokenized cash funds, announced a $90 million Series B round. The funding was led by New Enterprise Associates and included participation from Index Ventures, Bpifrance, and Axel Weber. This round increases Spiko's total funding to $120 million.
From finanznachrichten.de
Why it matters
Spiko aims to provide yield to businesses and individuals who hold cash, addressing a system where most cash and deposits in Europe and the United States earns little or nothing. The company currently manages $2.7 billion for over 10,000 businesses and individuals across 25 jurisdictions.
From finanznachrichten.de
Who's involved
- Axel WeberJoined the funding round as an angel investor.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Goldman SachsSpeculative
Goldman Sachs might see new investment and advisory opportunities in Europe due to the tokenized cash funds market.
- EuropeSpeculative
Spiko's successful funding could allow it to scale operations and target the European cash market.
Keep exploring
The entities involved
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Axel Weber
economist
Nothing else this week.
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Europe
terrestrial continent located in north-western Eurasia