Today Juni, the online banking platform for e-commerce and online marketing professionals, announces €2 million in seed financing led by early-stage venture capital firm Cherry Ventures. The new capital will go towards product development and talent acquisition.
Juni was founded in June 2020 by Samir El-Sabini and Anders Orsedal after noticing a need for better, more streamlined banking in e-commerce from their own experiences in this field.
Juni will enable e-commerce and online marketing entrepreneurs to focus on their larger business objectives by consolidating financial aspects and enabling integration and automation facets. But why is this important? Juni’s development comes at an unparalleled time. Already a growing field, e-commerce has vastly accelerated due to COVID-19. In key markets, like the US, e-commerce experienced around ten years of growth in three months, making the need for better banking in this arena all the more imperative. Simply said, Juni doesn’t want to be another e-commerce brand. Rather, it wants to be the stable banking service those companies can rely on to meet their high expectations.