Juno provides checking accounts tailored for crypto users, enabling customers to take paychecks in digital tokens and spend crypto or cash via a Mastercard-powered debit card. The platform integrates with popular U.S. payroll systems, offers bill payments, and provides zero-fee onramps from checking accounts to Layer 2 networks such as Polygon, Arbitrum, and Optimism. Juno also automates tax reporting through form 1099 for customers, reducing manual transaction and gains calculations. The startup has amassed over 75,000 U.S. customers and reported $1 billion in annualized transaction volume processing. Juno is launching an optional tokenized loyalty program (an ERC-20 called JCOIN) and has generated a 150 million token snapshot for eligible customers. Founders, employees, and investors are not taking token allocations to avoid conflicts of interest. The founding team previously worked on Nuo protocol and positioned the product with compliance at its core to onboard users to web3 via a familiar checking-account interface. Juno is a digital banking platform built on top of Ethereum that relies on the Nuo lending protocol and will offer smart-contract wallets paying 5.5% annual interest on USDC. The flagship product has no fees and includes a Venmo-style peer-to-peer payment option. Juno plans an initial launch in the U.S., Europe, Singapore and Japan and will partner with online money transmitters for on-ramps, with potential future bank partnerships for debit cards and free cross-border payments. The platform says it will fund yields from interest earned on short-term crypto-collateralized loans and margin-trading loans originated through Nuo. Deposits will be insured by a price-volatility insurance fund under development by Nuo as well as smart-contract insurance. Nuo currently reports $25 million in deposits and $20 million in loans disbursed, which the team will leverage as they roll out Juno.

Total raised

$21M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2022