Kid-focused pocket money fintech Junio raises $6 mn in pre-Series A round

UAE-based firm NB Ventures leads investment; The startup will use the capital to bolster its team, roll out new product features, and scale up customer acquisition initiatives

Junio, India’s first kid-focused digital payments and pocket money app, said that it raised $6 million in Pre-Series A funding round, led by UAE-based firm NB Ventures with significant participation from the Rajiv Dadlani Group .

The Fintech startup intends to utilise the freshly raised capital to bolster its team, roll out new product features, and scale up customer acquisition initiatives.

The brainchild of 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. The