Bengaluru-based Juno, a cross-border neobank that provides customers an FDIC Insured High Yield Checking Account, on Friday officially announced that it has raised a seed round of $3 million from Sequoia Capital's Surge Program, Polychain Capital and Dragonfly Capital Partners.
Varun Deshpande, Co-founder of Juno, said,“With these marquee investors onboard, we are now well capitalised to launch Juno in the US and onboard initial customers with our High Yield Checking Account."
Juno was founded in July 2019 by Varun Deshpande, Ratnesh Ray and Siddharth Verma, who also created the Consensys-backed Nuo protocol in 2018.
The trio had earlier founded BeeWise, an alternate credit analytics platform acquired in 2017 by Aditya Birla Money.
Juno said its goal is to completely phase out the use of Savings Account by building a powerful High Yield Checking Account which can help save more with direct deposits, free cash withdrawals and no fees. | To read full story, visit https://startuparound.com/read/1586030521.3367307/[Funding-alert]-Neobank-Juno-raises-$3M-in-seed-from-Sequoia's-Surge,-Polychain-Capital,-others?ref=audio_experience