Juni, a Swedish fintech startup that develops a banking app and platform for e-commerce and online marketing entrepreneurs, announced that it has raised an additional $52M (approx €44.8M) in its Series A follow-on round of funding, boosting Juni’s Series A round to €73M.
The company had raised $21M in its Series A round in June this year. Including the current round, the company has now raised a total of $76M in funding to date.
Current round investors
The follow-on round was led by EQT Ventures with participation from FJ labs. Existing investors DST Global, Felix Capital, and Cherry Ventures also participated.
According to EQT Ventures’ Partner Ted Persson, “Juni is the fastest-growing fintech we’ve ever seen, by a long stretch. The company has hit an impressive average weekly growth rate of 80 per cent in just five months. We’re excited to help Juni bring a new kind of credit product to the market, disrupting banking platforms for businesses even further.”