Juno raises $18 million in funding

3 Oct 2022 , 10:22 AM

Juno, a neo-banking cryptocurrency business, has raised $18 million in its newest round of funding, backed by crypto-native investment firm ParaFi Capital’s Growth Fund.

Hashed, Jump Crypto, Uncorrelated Fund, Greycroft, Mithril, Antler Global, 6th Man Ventures, and Abstract Ventures also took part in the round.

According to the firm, the funds will be used 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.

Juno is a neo-banking platform founded in 2019 by Varun Deshpande, Ratnesh Ray, and Siddharth Verma that offers a checking account for customers that are crypto natives. Users are able to receive deposits into its checking account and make payments using its debit card, which is offered by the business in collaboration with Evolve Bank and Mastercard.

For feedback and suggestions, write to us at [e-mail]