Web3 and Crypto Checking Account Startup Juno Raises $18M, Airdrops Reward Token JCOIN

Juno, a Singapore-based Web3 crypto company that provides customers with checking accounts linked to crypto assets, has raised $18 million in a Series A funding round led by Parafi Capital. In 2019, Juno raised $3 million from investors, and the startup secured new funding following a seed round.

Juno Raises $18M in Round Led by Parafi Capital, Crypto Startup Reveals Loyalty Token

Web3 Encrypted Boot Juneau is a digital currency company that provides customers with the ability to create checking accounts using crypto assets. On October 1, it was revealed that the company had raised $18 million in a Series A round led by Parafi Capital.

According to the announcement, Juno’s Series A investors also include 6th Man Ventures, Hashed, Sequoia India’s Surge, Greycroft, Jump Crypto and Uncorrelated Fund. Varun Deshpande, co-founder and CEO of Juno, Tell Tech Crunch reporter Manish Singh The company “has reached $1 billion in annual transaction volume processing capacity.”

The company also launched a new token called JCOIN and Juno airdrop Offer new ERC20 tokens to “70k+ Juno users”. Funds from the latest funding round will be used to expand the company’s team and the company’s loyalty program. JCOIN will be used for “exciting offers, collectibles and in-app promotions redeemable through JCOIN only on the Juno Store”.

The startup, originally founded by the founders of Nuo, the ethereum lending protocol, has raised $21 million so far, following an $18 million Series A round and the company’s seed round in 2019. Back in 2019, investors believed to be backing Juno including Dragonfly Capital, Polychain Capital, Sequoia Capital, Balaji Srinivasan and Ryan Selkis.

tags in this story

$18 million in Series A funding, Sixth Person Ventures, Balaji Srinivasan, fundraising, checking account, Encrypted checking account, Dragonfly Capital, greycroft, hash, JCOIN, Jump encryption, Juneau, Palafi Capital, Multi-chain capital, Ryan Serkis, seed round, Sequoia Capital, Sequoia India’s Soaring, A series, Singapore, uncorrelated fund, Warren Deshpande, Web3, Web3 Juno

What do you think of Juno raising $18 million in Series A funding from investors? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News for Bitcoin.com News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News on the disruptive protocols emerging today.

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