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

Juno, the Singapore-based Web3 crypto steadfast that offers customers checking accounts tied to crypto assets, has raised $18 cardinal successful a Series A financing circular led by Parafi Capital. The caller superior follows the startup’s effect circular successful 2019 erstwhile Juno raised $3 cardinal from investors.

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

The Web3 crypto startup Juno is simply a integer currency institution that provides clients with the quality to make a checking relationship by leveraging crypto assets. On October 1, it was revealed that the institution has raised $18 cardinal successful a Series A backing circular led by Parafi Capital.

According to the announcement, Juno’s Series A investors besides included 6th Man Ventures, Hashed, Sequoia India’s Surge, Greycroft, Jump Crypto, and Uncorrelated Fund. Varun Deshpande, the co-founder and main enforcement serviceman of Juno, told Tech Crunch newsman Manish Singh the steadfast has “has reached $1 cardinal successful annualized transaction measurement processing.”

The institution has besides launched a caller token called JCOIN and Juno airdropped the caller ERC20 token to “70k+ Juno users.” The latest backing round’s superior volition beryllium utilized to grow the company’s squad and the firm’s loyalty program. JCOIN volition beryllium utilized for “exciting offers, collectibles, and in-app boosts redeemable done JCOIN, lone connected the Juno Store.”

So acold the startup, which was primitively started by founders who created the Ethereum lending protocol Nuo, has raised $21 cardinal to date, aft the $18 cardinal Series A fundraising and the company’s effect circular successful 2019. At the clip successful 2019, the investors that backed Juno included Dragonfly Capital, Polychain Capital, Sequoia Capital, Balaji Srinivasan, and Ryan Selkis.

What bash you deliberation astir Juno raising $18 cardinal from investors successful a Series A financing round? Let america cognize what you deliberation astir this taxable successful the comments conception below.