Gothenburg-based fintech firm Juni raises $106 million in Series B funding led by Mubadala Capital, aiming to enhance its financial management platform for eCommerce businesses.
Information on the Target
Juni, a fintech company based in Gothenburg, Sweden, was established in 2020 by Samir El-Sabini and Anders Orsedal. The company provides a comprehensive financial management platform specifically designed for eCommerce businesses. This platform includes a range of services such as physical and virtual card offerings, credit facilities, accounting solutions, analytics, and integration with digital advertising platforms.
With a target market primarily focused on the burgeoning eCommerce sector, Juni aims to streamline financial operations for online businesses, enabling them to manage their finances more effectively and efficiently. The recent investment will help Juni expand its product offerings and enhance its technology infrastructure.
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Industry Overview in Sweden
Sweden is recognized as a leader in fintech innovation and has a vibrant startup ecosystem, driven by a strong technological foundation and supportive regulatory environment. The country has witnessed rapid growth in the fintech sector, with
Similar Deals
Mubadala Capital
invested in
Juni
in 2023
in a Series B deal
Disclosed details
Transaction Size: $206M
Equity Value: $106M