Neo-banking crypto startup Juno raised $18 million in funds led by ParaFi Capital’s Growth Fund

Neo-banking crypto startup Juno raised $18 million in funds led by crypto-native investment firm, ParaFi Capital’s Growth Fund where Hashed, Jump Crypto, Uncorrelated Fund, Greycroft, Mithril, Antler Global, 6th Man Ventures and Abstract Ventures also participated.

Juno is a neo-banking platform that offers crypto natives a checking account. It enables users to accept deposits into its checking account and make payments using its debit card, which the company provides in collaboration with Evolve Bank and Mastercard. According to the company, the funds will be used to expand its US team across functions such as compliance, regulation, and marketing; launch and scale its loyalty programme; and expand its product portfolio across bill payments, tokenised rewards, and other ventures.