Consequently,
Revolut boss founders pennylane participate:
Tokenize the treasury of very small businesses. Moreover, SMEs, this is the objective of the Startup Spiko. Furthermore, Indeed, the French Fintech develops a platform for emission, management and distribution of token financial instruments for companies. Moreover, A way to democratize access to money markets.
To accelerate its development in Europe, Spiko announces a Table A Table A of 18.5 million euros led by index Ventures. Furthermore, The White Star Capital. For example, FRST, Rerail, Bpifrance Digital Venture and Blockwall funds also participated in the operation, as well as certain figures of European tech. Meanwhile, We thus find Nikolay Storonsky. Therefore, the emblematic Revolut boss, the founders of the French Fintech Pennylane, who raised 75 million euros last April, Jean-Luc Robert, founder of Kyriba, Zack Abrams, co-founder of Bridge, or Harsh Sinha, CTO of Wise. For example, Previously, the company had revolut boss founders pennylane participate raised 4 million euros in June 2024.
Get out of the image of Épinal to generate interests – Revolut boss founders pennylane participate
Founded in 2023 by Paul-Adrien Hyppolite. Antoine Michon, former collaborators of the Ministry of Economy and Finance and the Cabinet of the Minister of Public Transformation, the Tricolore Fintech is focusing on tokenization to allow companies, especially VSEs and SMEs, to make their cash flow through monetary funds. “In Europe, it is wrongly believed that to generate yield, you have to immobilize your money or take risks. As long as central banks are positive. letting your cash flow come to miss out on yields that US companies get much easier ”observes Paul-Adrien Hyppolite, co-founder of Spiko. According to the company, more than 20,000 billion euros are sleeping on the bank accounts of companies and individuals in Europe.
To change the situation to companies. Spiko therefore began to deploy tokenized monetary revolut boss founders pennylane participate funds, the very first in Europe, so as to allow VSEs and SMEs to generate interest without compromising immediate access to their cash. And for good reason. the tokenization of funds is a boon to eliminate intermediaries in traditional finance, lower the minimum entry ticket, reduce management costs and make liquidity transfers possible 7 days a week and 24 hours a day.
1. 000 companies have taken the plunge
With its platform, with a tokenized architecture, the French fintech also constitutes an alternative to conventional transfers as well as to Stablecoins, which still arouse some fears of individuals and businesses. To convince the latter. Spiko specifies that the underlying assets of its funds are made up of treasury bills, which therefore means that these are short-term debt titles backed by sovereign guarantees because issued by France or the American Treasury. To date. the young tricolor shoot, which has revolut boss founders pennylane participate only nine employees, assures that it manages more than 300 million euros in outstanding, with more than 800 million euros in cash flows treated on behalf of nearly 1,000 companies. She hopes to spend the milestone of the billion euros in the coming months.
To do this. Spiko intends to rely on its new fundraising in order to pass the speed higher at the marketing and commercial level. The French Fintech wishes to establish more partnerships. like those already concluded with Memo Bank and Fygr to offer their solution to their customers. After having made its weapons in France. the company now wants to take a European scale in order to fill the gap between the old continent of the United States in terms of access to monetary markets.
Further reading: Greenpeace denounces pollution… batteries! – His vehicle bought in leasing does not stop breaking down – Henri Giscard d’Estaing ousted from Club Med – Logisco will build hotels thanks to a partnership with the FTQ Solidarity Fund – Wall Street : “Risk On” is back.
