Juni, a financial companion for entrepreneurs, has collected $21.5m in funding, just three months after its beta launch.
The investment capital was supplied by Partners of DST Global and Felix Capital. A report from TechCrunch also claims existing Juni backer, Cherry Ventures, also committed funds to the round.
This equity burst will help Juni release several new features in the coming months as well as hire more staff.
Speaking with TechCrunch, Juni’s co-founder and CEO Samir El-Sabini said the company had experienced rapid growth in the past three months. It has signed up 300 businesses from a waitlist of 3,000, hitting 500% customer growth month-over-month.
Its main customers are entrepreneurs selling their own goods, dropshippers selling products on a retailer’s behalf and performance marketers that are now selling products.
Juni is designed to be the financial companion for entrepreneurs by enabling them to track their entire business from a single location. Its dashboard provides a centralised via of a client’s bank accounts, networks and payments, and track the ROI across the business.
It’s services also include VISA cards that offer 1% cashback on spending, currency flexibility and more.
The Swedish FinTech previously raised €2m in funding late last year from Cherry Ventures.
In a blog post, Juni said, “All in all I could not be more excited about where we are on our journey of becoming the go-to bank for anyone in e-commerce or performance marketing – and with this round of funding we’ll be doubling down on our efforts to create the financial companion you need to achieve your goals.”
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