Funding
Funding not disclosed
Founders
Product
Problem
Traditional cross-border payments often involve high fees, complex processes, and delays due to intermediary charges and legacy banking systems. Businesses also face challenges in managing multiple currency accounts and navigating international payment regulations.
Solution
Junomo provides businesses with multi-currency accounts and global payment solutions to streamline international transactions. The platform enables users to send, receive, and convert funds in over 25 currencies with competitive exchange rates and no international or local payment fees on foreign exchange transactions. Users gain instant access to business and personal accounts with dedicated IBANs, facilitating collections from suppliers and clients worldwide. Junomo also offers features such as automated email notifications, mass payment processing, and multiple levels of payment authority to enhance efficiency and security.
Target Audience
Junomo primarily targets businesses and individuals involved in international trade and commerce who require efficient and cost-effective solutions for managing multi-currency transactions and cross-border payments.
Features
- Multi-currency accounts supporting over 25 currencies
- Access to wholesale FX rates with no international or local payment fees on FX transactions
- Dedicated IBANs for business and personal accounts
- Mass payment processing with file upload capabilities
- Automated email notifications for transactions
- Multiple levels of payment authority and two-factor authentication for enhanced security
- Integration with payment networks such as SEPA, SWIFT, and Faster Payments