Neo-banking crypto startup Juno raises $18 million in funding led by ParaFi Capital
- ByStartupStory | October 3, 2022
A neo-banking cryptocurrency startup, Juno has raised $18 million in series A round of funding led by crypto-native investment firm ParaFi Capital’s Growth Fund. Other investors including, Hashed, Jump Crypto, Uncorrelated Fund, Greycroft, Mithril, Antler Global, 6th Man Ventures, and Abstract Ventures also took part in the financing round.
The funds will be used by the firm to expand its US workforce across areas such as compliance, regulatory, and marketing; launch and scale its loyalty program; and extend its product range spanning bill payments, tokenized incentives, and other ventures.
Founded in 2019 by Varun Deshpande, Ratnesh Ray, and Siddharth Verma, Juno offers a checking account for customers that are crypto natives. The business in collaboration with Evolve Bank and Mastercard offers various features such as- The users are able to receive deposits into its checking account and make payments using its debit card.
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