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

Juno, the Singapore-based Web3 crypto agency that gives prospects checking accounts tied to crypto belongings, has raised $18 million in a Collection A financing spherical led by Parafi Capital. The contemporary capital follows the startup’s seed spherical in 2019 when Juno raised $3 million from traders.

Juno Raises $18 Million in a Funding Spherical Led by Parafi Capital, Crypto Startup Reveals Loyalty Token

The Web3 crypto startup Juno is a digital forex firm that gives shoppers with the flexibility to create a checking account by leveraging crypto belongings. On October 1, it was revealed that the corporate has raised $18 million in a Collection A funding spherical led by Parafi Capital.

In line with the announcement, Juno’s Collection A traders additionally included sixth Man Ventures, Hashed, Sequoia India’s Surge, Greycroft, Leap Crypto, and Uncorrelated Fund. Varun Deshpande, the co-founder and chief government officer of Juno, instructed Tech Crunch reporter Manish Singh the agency has “has reached $1 billion in annualized transaction quantity processing.”

The corporate has additionally launched a brand new token known as JCOIN and Juno airdropped the brand new ERC20 token to “70k+ Juno customers.” The most recent funding spherical’s capital will likely be used to increase the corporate’s crew and the agency’s loyalty program. JCOIN will likely be used for “thrilling provides, collectibles, and in-app boosts redeemable via JCOIN, solely on the Juno Retailer.”

To date the startup, which was initially began by founders who created the Ethereum lending protocol Nuo, has raised $21 million thus far, after the $18 million Collection A fundraising and the corporate’s seed spherical in 2019. On the time in 2019, the traders that backed Juno included Dragonfly Capital, Polychain Capital, Sequoia Capital, Balaji Srinivasan, and Ryan Selkis.

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What do you consider Juno elevating $18 million from traders in a Collection A financing spherical? Tell us what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising immediately.

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