Juno secures £1.6m in seed funding from Lakestar, SIX Fintech Ventures, JME Ventures, and angels to launch its payments platform.
The seed round was backed by angel investors and venture capital firms including Lakestar, SIX Fintech Ventures, and JME Ventures.
Juno operates an employee benefits platform that replaces traditional perks with customisable credits. Workers can choose from thousands of services and experiences that suit their personal lives.
Paytech start-up Juno has secured £1.6m in seed investment to launch its digital payments platform in the UK. The funding round was supported by a group of angel investors alongside venture capital firms Lakestar, SIX Fintech Ventures, and JME Ventures.
Juno intends to use the capital to support its ongoing development and team expansion, having already grown to 14 staff members over the past year. The company aims to address cash flow challenges faced by small businesses by automating invoice processes through open banking technology.
From the founder
"Small businesses are the lifeblood of our economy, yet many are struggling to get back on their feet after the pandemic. We’re on a mission to support them getting paid on time and, by digitising the payment process, stop the time they waste chasing and managing payments; ultimately supporting a stronger cash flow and meaning they can survive and thrive."
Pete Bailey
Co-founder and Chief Product Officer at Juno
Investor perspective
"I am very excited that British SMEs will benefit from the service that Juno is bringing. As both an investor and a startup founder, I am only too aware of the issues faced by companies and professionals when trying to manage their payments to and from others. It is time to bring bank-to-bank payments into the 21st century and Juno is doing just that."
Charlie Delingpole
Investor, Charlie Delingpole
Use of funds
- 01Grow the team
- 02Continue product development
