Juni Reviews

Running an e-commerce business using fintech platforms can be problematic for digital entrepreneurs. Handling multiple accounts and funds can be a hassle, and hiring a team of professionals to manage them can severely impact the profit margin.

However, Juni, a financial companion, makes things easier. With Juni, all payment services, bank accounts, and transactions are organized and appear as a handy, scannable list. Additionally, Juni supports multiple IBAN accounts in different currencies, thus avoiding currency conversion fees. So, is it possible to make fintech more user-friendly? Let’s take a closer look and find out.

About Juni

Developed in Sweden by a pair of entrepreneurs, Juni was first imagined as a simple e-commerce tool for buying ads. However, Anders Orsedal and Samir El-Sabini realized fintech is the biggest pain point for digital entrepreneurs, causing serious headaches. Their data showed not knowing how fintech works or how to leverage it can sabotage a successful product.

Payout delays, crippling exchange rates, and accounting issues are signs of trouble. So instead of making a slightly better PayPal, they decided to turn Juni into a financial platform that’s leaps and bounds beyond anything else on the market.

Moreover, in October this year, the company closed Series A funding by $76M, which will help accelerate growth and deliver a great product for the market and its users.

How does Juni work?

In a nutshell, Juni is a financial solution with integrated fund tracking and transaction management in one dashboard. In addition, this financial companion does away with manual labor typical for online banking software, providing an automated e-commerce solution.

Once you integrate other payment processors with your Juni account, Juni offers credit. It is based on cash flow to your Juni account, fixing short-term liquidity problems due to holding periods. If your payment history shows a steady cash flow, Juni automatically increases your credit line. There are also virtual and physical credit cards, adding flexibility.

Juni helps its users discover all the ins and outs of fintech, making it more transparent and giving them tons of analytics to keep track of what’s happening. Touted as “the future of financial products,” this product is, in effect, a fintech product that gives power to the people.

Who can use this financial platform?

As they say, the product will be the best companion for digital entrepreneurs and everybody who owns a digital business, including the eCommerce industry.

Details of Juni Features

Juni focuses on three particular pain points common to all online entrepreneurs, from drop shippers to affiliate marketers:

This financial platform has various tools to help with the financial compliance process, which is complicated and user-hostile. Another handy tool from Juni is VISA cards for financing online marketing campaigns. Finally, the product integrates with financial institutions for automatic receipt sorting and management. In addition, Samir plans to have other platforms behave like manageable add-ons in Juni’s interface.

In Samir’s experience as a lawyer who did accounting, searching for lost receipts is a nightmare. Reconciling transactions between parties is especially difficult if one side of the transaction is done in another currency. For budding entrepreneurs who want to do e-commerce, log into multiple financial platforms to figure everything out often. 67% of the 700 companies Samir interviewed in June 2020 said it was very difficult to do accounting, and they postponed it as much as possible. Unfortunately, this delays the reports with crucial data that can drastically improve their work process. Thanks to Juni, Samir’s idea is that it’s all in one place and sorted for you.

Metrics are crucial for business success. They reveal market as well as customer trends. However, when an entrepreneur has to manually combine metrics to understand trends, that causes a lot of delays and confusion. According to Samir, Juni will fix that pain point. For example, as soon as you start growing, you must juggle many accounts to keep track of everything. Also, different teams in the same company need to wait for the green light from one another, which cripples the company’s performance.

Logging into the online platform will show the total balance across all accounts and the performance of different ad networks. In addition, each transaction entry in Juni allows you to upload invoices, receipts, or other documents manually. This will become an automated feature, matching documents to transactions across accounts.

Juni Review Conclusions

Small-scale entrepreneurs who love tinkering with new tools and crave simpler fintech will have a field day with this financial platform. For now, it’s optimized for marketing campaigns, but the feature set is promising, and there’s a lot of ambition behind this company and its product. The company’s CEO shows the desire to turn Juni into an accessible market analyst and financial advisor for companies of any size.