Digital banking platform Juno revealed on Saturday that it has secured $18 million in a Series A round, with ParaFi Capital’s Growth Fund serving as the round’s lead investor. An online banking service that offers American users checking accounts with built-in Ether and Bitcoin crypto wallets.
The digital banking system Juno encourages users to use cryptocurrency in regular transactions. The Juno card, which enables usage of Circle’s stablecoin USDC for transactions, is the company’s main offering. The company is launching a loyalty token called Juno coin (JCOIN) as part of the fundraising effort, and only verified account holders will be able to get it. The loyalty programme will resemble the regular reward points on credit cards. By receiving their salaries in cryptocurrency or by making purchases with their Juno debit card, members can earn JCOIN.
They’ll mostly be growing their US team. They will eventually have 150 members on the team. so that they can increase the scope of their offering in the US.
Prior to this, Sequoia India’s Surge, Polychain Capital, Consensys Ventures, and Dragonfly Capital contributed $3 million to Juno’s seed round.
Read more blogs at SpotSaaS:
Wasabi Technologies raised $250M.
Tallinn-based firm KOOS received €4M.
Zenskar has raised $3.5 million.
SpotSaaS Weekly Roundup #9
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