Juni, a ‘vertical’ neobank for e-commerce and online marketing companies, raises $21.5M
E-commerce in Europe is expected to grow 30% this year to $465 billion, and that’s giving rise to a new ecosystem of services built to cater to e-commerce merchants. In the latest development, Juni, a neobank that is built specifically for companies selling online, has closed a Series A of $21.5 million, only 12 weeks after officially opening for business.
The Series A is being co-led by partners from DST Global and Felix Capital with previous backer Cherry Ventures and other early investors also participating. Gothenburg, Sweden-based Juni had previously raised a seed round fo €2 million ($2.4 million) back in November when it was still only in waiting-list mode.