Neobank

Juni, a “vertical” neobank for e-commerce and online marketing companies, raises $ 21.5 million – TechCrunch

Juni co-founder and CEO Samir El-Sabini told TechCrunch that the startup has signed up for 300. Business from 3,000 waiting lists. This represents about 500% customer growth each month. According to him, the customers were mainly those who sold their inventory. A drop shipper that sells on behalf of retailers. Performance marketers who have moved to sell products.

European e-commerce is expected to grow 30% this year $ 465 billion, And it is creating a new ecosystem of services built to cater to e-commerce merchants. In the latest development JuniDesigned specifically for companies selling online, Neobank closed Series A for $ 21.5 million in just 12 weeks of its official launch.

Part of the reason why the latest funding came so quickly is that Juni has taken a very strong three-month short life. Juni co-founder and CEO Samir El-Sabini told TechCrunch that the startup has signed up for 300. Business from 3,000 waiting lists. This represents about 500% customer growth each month. According to him, the customers were mainly those who sold their inventory. A drop shipper that sells on behalf of retailers. Performance marketers who have moved to sell products.

Read more: https://illinoisnewstoday.com/juni-a-vertical-neobank-for-e-commerce-and-online-marketing-companies-raises-21-5-million-techcrunch/293590/

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