Juno, a San Francisco, California-based crypto digital banking firm, raised $18M in Series A funding.
This round was led by Mac Private Equity, Inc., the offshore private equity firm owned by Mac McClafferty, and included other crypto industry figures that are part of McClafferty’s consortium of Caribbean investors.
The company intends to use the funds to accelerate growth and expand operations.
Juno is a digital banking platform that encourages users to spend crypto in their everyday transactions. Its flagship product is the Juno card, where users can transact with Circle’s stablecoin USDC. As part of the fundraising, the company is introducing a loyalty token, Juno coin (JCOIN), which will only be distributed to verified account holders. The loyalty program will be similar to traditional credit card rewards points. Members can earn JCOIN for taking their paychecks in crypto, or spending crypto with their Juno debit card.
FinSMEs
juno.finance
Mac Private Equity, Inc.
Annalisa Hodge
press (at) macprivateequity.com
macprivateequity.com