Swedish built-in fee answer platform Juni has raised $206 million, $100 million in fairness by way of a Mubadala Capital lead, and $106 million in debt funding by way of TriplePoint Capital.
The new capital will likely be used primarily to drive Juni’s bank card providing particularly tailor-made to allow e-commerce gamers to quickly scale by way of media shopping for, as effectively as press ahead with international enlargement plans, all supported by a sustained recruitment drive.
The fintech was based in 2020, and formally launched in early 2021, and ties collectively bodily and digital playing cards, bank cards, accounting, analytics, and digital promoting platforms, giving rising companies an entire overview of their funds.
The service integrates with 1000’s of banks and main fee suppliers and automates various routine features, liberating up entrepreneurs’ time to focus on rising their enterprise as an alternative of managing advert spend and invoices.
“We’re very proud to have secured this funding in such a challenging environment,” commented Juni co-founder and CEO Samir El-Sabini. “I know first-hand the frustrations of running an e-commerce business and time wasted on spend management, the lack of visibility of cash flow, and scaling ad campaigns.”
In addition to Mubadala’s lead, the $100 million fairness portion of Juni’s $206 million Series B spherical noticed the participation of all present buyers together with EQT Ventures, Felix Capital, Cherry Ventures, and Partners of DST Global.
“Despite unprecedented market conditions, we believe fundamental trends are here to stay. Traditional financial institutions continue to underserve the SMB e-commerce market – a customer segment that requires speed, simplicity, and real-time analytics to grow and scale. In Juni, we see a company with strong traction and a fantastic management team addressing this service gap through an inclusive financial product that is tailor-made for the e-commerce market,” concluded Mubadala’s Fatou Bintou Sagnang.
And the money train keeps on a’rollin’ for Sweden’s Juni as the fintech rakes in $206 million & More Latest News Update
And the money train keeps on a’rollin’ for Sweden’s Juni as the fintech rakes in $206 million & More Live News
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And the money train keeps on a’rollin’ for Sweden’s Juni as the fintech rakes in $206 million & More News Today
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