Juni, the financial companion for digital commerce entrepreneurs, recently announced it is embarking on its next phase of growth.
Having doubled the number of clients and card spend every quarter for the past year, and expanded its professional team by 644% in 2021, Juni continues to go “from strength to strength.”
Within a year of introducing its platform, Juni is officially “coming out of beta.”
The launch reportedly includes various product features and integrations, as well as a rebrand as Juni expands its product offering across the European Economic Area.
Juni’s platform brings together physical and virtual cards, credit cards, accounting, analytics and digital advertising platforms, in order to enable company founders /entrepreneurs to have a complete view of all their finances.
With digital commerce sales expected to hit $7.4 trillion by 2025, there are major opportunities for growth and a requirement for a customized solution to assist companies with scaling operations.
In order to mark the launch, Juni is introducing the following:
In addition to GBP and Euro, Juni is offering USD accounts and cards, which is the feature most often requested by existing clients.
With Juni’s USD accounts, digital commerce entrepreneurs and marketers may now optimize their funds even better, including as many virtual USD Mastercard cards as they may require.
A new integration with Google Ads, offering a friction-free experience that will save time and hassle.
This integration enables real-time Google Ads spend tracking insights, as well as automatically extracting credit line invoices and generating and matching receipts for threshold payments.
A new brand with a “bold” visual identity and a fresh new website, logo and color palette to establish Juni’s brand identity and “ensure it stands out from the crowd.”
In addition, Juni is launching “Bye bye bank”, which is described as “a creative campaign that brings the daily frustrations of ecommerce entrepreneurs to life when dealing with traditional banks through a series of commercials, high-impact OOH and print placements across key locations in Europe.”
With its cashback on all spending as an added benefit, Juni has already “paid out more than €1m in total and has an ambitious plan to pay out €10m in cashback in the coming year to help businesses to grow and scale.”
Samir El-Sabini, co-founder and CEO, Juni, stated:
“We know the challenges that ecommerce entrepreneurs face because we’ve experienced the same headaches ourselves. That’s why we founded Juni. We’ve taken those problems and turned them into product features, and we’re passionate about creating a new approach to finance. We want to give our customers the right integrations, features and insights so they can make better business decisions and scale. This launch is an incredibly proud moment for us and we’re excited to continue our growth alongside our amazing customers.”
Jason Fields, MD at Outlet Group, remarked:
“Juni is truly unique in its offer. From the moment we started using the Juni platform in January 2022, the pressure of managing our finances drastically decreased. The dashboard provides a really clear view for monitoring and tracking our spending, and the cash back offer is a great additional reward. Having a dedicated account manager that actually cares about you makes such a difference too. If we ever need to reach someone, we get an immediate response. If you’re serious about scaling your ecommerce business, go with Juni.”
Max Bekink, co-founder at Boltshop Limited added:
“Juni removes many of the financial struggles that business owners today face. The ability to create multiple cards, along with the credit line and cash back, has massively helped us to categorise our spending and gain a new level of control over our business. But it’s more than just the product that stands out. Since joining the beta in February 2021, our account manager and the Juni team have truly made us feel like part of the community. If you’re looking for a good and trustworthy financial platform, Juni is the place to go.”
With its all-in-one or comprehensive solution customized to the specific requirements of the rapidly growing digital commerce and digital marketing industry, Juni has received more than $76 million in funding.
Investors reportedly “include EQT, Partners of DST Global, Felix Capital and Cherry Ventures, alongside high profile angel investors and board members from highly successful fintechs and ecommerce companies such as iZettle, Klarna and NA-KD.”
In addition, Juni has “continued to grow its workforce, making it the fastest growing fintech startup in Europe in 2021.”
Currently, there are employees “across 30 countries, and as Juni continues on its growth journey, the aim is to grow its workforce by 200% YoY, recruiting an additional 140+ employees in 2022.”