Delhi-based fintech startup Junio on Friday announced that it has raised $6 million (Rs 45 crore) in Pre-Series A funding round, led by UAE-based firm NB Ventures with significant participation from the Rajiv Dadlani Group.
According to the official statement, the startup will use the freshly raised capital to bolster its team, roll out new product features, and scale up customer acquisition initiatives.
The startup’s goal is to nurture discipline and awareness in children about how to manage money in a fun and practical way.
Founded in 2020 by Shankar Nath and Ankit Gera, Junio aims to digitise pocket money for children and be the preferred digital payment option. The platform offers a ‘smart card’ that enables kids to make offline and online purchases.
It allows parents to control smart cards through the app wherein they can create in-app chore lists and tie them with perks.