Memo Bank, the independent bank for French SMEs and mid-cap companies, announces a strategic partnership with Spiko to expand its treasury management solutions. Memo Bank now enables customers to seamlessly subscribe to and redeem euro- and dollar-denominated money market funds from their workspace, further enhancing its treasury offering.
Through this new partnership, Memo Bank expands its treasury solutions, building on existing offerings like the Booster account—a liquid savings account indexed to €STR—and flexible term deposits. This new offering gives finance teams a flexible and secure way to optimize idle cash, with unlimited investment capacity and daily interest accrual.
The Spiko Euro and Dollar money market funds currently invest exclusively in short-term French and U.S. Treasury Bills, ensuring daily liquidity, maximum security, and daily returns aligned with the risk-free rates of their respective currencies. Through API integration, access to Spiko money market funds, managed by asset management company Twenty First Capital, is already operational: Memo Bank customers can deposit and withdraw funds with just a few clicks, without leaving their banking interface or changing their operational or accounting practices.
Just two weeks after the launch of the partnership, customers of Memo Bank have already allocated over €35 million in Spiko’s money market funds.
Jean-Daniel Guyot, co-founder and chairman of the board at Memo Bank, states: "Our mission is to provide finance teams with an integrated platform to simplify and optimize all their operations. After pioneering interest on deposits, this partnership with Spiko is a logical next step. It’s no longer enough to manage cash well; now it’s about unlocking the full potential of every idle euro - simply, securely, and within your banking interface.”
Paul-Adrien Hyppolite, CEO and co-founder of Spiko, adds: "Memo Bank's vision, which led them to pay interest on deposits without locking them up, makes them a natural partner for us. Thanks to our API, integration was completed in just a few days, and Memo Bank clients benefit from seamless interaction with our products from their familiar interface. This collaboration marks a key milestone in our mission to democratize access to risk-free rates."
About Memo Bank
Launched in 2020, Memo Bank is the first independent French bank for SMEs and mid-cap companies. Authorized by the European Central Bank (ECB) and supervised by ACPR, it supports over 700 companies in managing their treasury, cash flows, and financing. Through cutting-edge technology and dedicated human support, Memo Bank enables finance teams to manage all their operations in a centralized and integrated manner.
About Spiko
Launched in 2023, Spiko is a fintech specialized in designing corporate treasury solutions. Through its API-accessible technology infrastructure, Spiko enables its partners to offer simple, secure, and high-performing treasury products to their own clients, directly integrated into their existing environment.
