Junio, operated by Firstpay Technologies and based in New Delhi, offers a ‘smart card’ and app that enable children (primarily ages 10–16) to make offline and online transactions. The platform launched last year and has seen rapid acceptance among parent–child users, according to the founders. Junio’s co‑founders, Shankar Nath and Ankit Gera, previously held senior growth and marketing roles at PayTM and Progcap, respectively. The company plans to use new funding to expand its team, roll out new product features, and scale initiatives to acquire more customers. Earlier backers include Venture Catalysts and angels; Junio emphasizes building a user-friendly product and cultivating digital payments habits among young children. The article does not report revenue or user-count metrics. Junio offers a smart card and companion app that lets children make physical and online purchases using digital pocket money while giving parents visibility and control over spending. The app also lets parents create in-app daily tasks for kids and tie them to perks, aiming to promote desired behavior and financial literacy. Junio was founded in September 2020 and positions itself in the nascent kids-focused digital payments segment in India. The company has seen early traction, claiming 50,000 users within a month of launch. Management plans to roll out additional product features and conduct a full-fledged marketing launch. The fresh funding will be used to develop the product further, strengthen the team, and support customer acquisition initiatives. Junio, operated by Firstpay Technologies Pvt Ltd, was set up in September last year by Shankar Nath and Ankit Gera, both previously at Paytm. The company offers a digital pocket-money smart card targeted at children in fourth to tenth grades, aiming to digitise pocket money while teaching financial knowledge and discipline. Junio plans to use its newly raised capital for product development, hiring talent, customer acquisition, and expanding its footprint. The product targets early financial education and behavioral discipline alongside payment functionality. The article references other child-focused fintechs such as FamPay and YPay as context for the market opportunity. No operating metrics (revenue/users) were disclosed in the article.

Total raised

$8M

Funding rounds

3

Latest round

Series A

Latest activity

Mar 2022