Juni, the banking platform for e-commerce and online marketing companies, raises €2M seed – TechCrunch

Juni, the banking platform for e-commerce and online marketing companies, raises €2M seed – TechCrunch

Prior to the Swedish launch of the banking app and platform for e-commerce and online marketing entrepreneurs, Johnny has added just over 2. 1.1 million in seed funding.

Berlin-based Cherry Ventures – the first deal in the round, I think, with newly recruited partner Sofia Bands, who are based in Sweden herself. Several angel investors have also backed Johnny, including John K. Band, founder and CEO of NAKD, and John Bands, former chief strategy and communications officer at iZetl.

Founded by Samir El Sabini and Anders O’Reilly and set to launch in early 2021, Johnny serves as a “financial partner” for the digital business in the e-commerce and online marketing space. wants to. Features offered include a debit card that includes cashback on advertising costs, as well as cash flow management, invoice and bank statement matching, and liquidity management. The Johnny Dashboard also provides an overview of all your bank accounts, networks and payment services.

El Sabini has told me that the company can finally get the full way to apply for a bank license in 5-7 years, but use the banking-this-service-provider rail bank infrastructure for the foreseeable future. To do, and with other fantasies, to plug those gaps. In addition, most of the value-added has built-in functionality at the top of basic banking and is related to e-commerce and online marketing companies, which Johnny thinks is a great opportunity.

“We are helping e-commerce and marketing entrepreneurs understand the financial health of their business, giving them the right tools to improve and grow, while also providing them with cashback. Load automatically (bringing receipts and matching them in transactions)).

Cherry Ventures’ bands say, “We all know that e-commerce is a fast-moving industry (10-year growth in three months this year!) So a single platform to support such e-commerce businesses Make the need more urgent. ”

“E-commerce professionals are trying to keep up with the pace of the market and cannot afford to try different software and systems for their finances.”

Although the official product launch is not scheduled for early next year, it is already possible to sign up to the waiting list with the promised open beta soon.

Meanwhile, the business model is far ahead. Initially, Johnny will earn money by receiving an interchange fee (minus the cashback offered) and subscribing to Saas’s best tradition. Credit is also a clear source of income.

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