“Juni offers a simpler, more streamlined way of managing the financial side of your e-commerce and performance marketing business, “El-Sabini explains. “It helps digital entrepreneurs to become more efficient by automating the time-consuming administrative work and providing all the financial information in one simple interface.’
When Juni launched a waiting list to test demand for a digital business-oriented banking platform, over 1200 companies signed up in a few weeks’ time. Building off the waiting list success, Juni recently raised €2M in seed funding. Currently, the platform is in a closed beta phase and set to launch in late February 2021.
After looking at many European locations, Juni decided that Vilnius is the best place to establish a new development hub. “With an amazing pool of tech talent and a close-knit fintech ecosystem, Lithuania is a great location to develop our platform,” says El-Sabini. Juni joins more than 200 fintech companies that have already established offices in Lithuania, including Railsbank, a banking platform that Juni has a partnership with.
Juni currently employs 10 people, but is planning to grow at a rapid pace. In the next 12 months, the company will add 20 to 30 people to its staff, who will have an option to work remotely full-time. Juni is looking to hire software developers, designers, product managers, compliance officers, sales and customer success representatives and other roles.
“Big Scandinavian banks, such as Danske and SEB, have previously chosen Lithuania for their multi-functional Global Services Centres, “says Mantas Katinas, Managing Director of Invest Lithuania. “The addition of Juni to the Lithuanian fintech landscape shows that the country is a great investment location for seed-stage Scandinavian fintech startups too.”
