Juno
It paid 5% on checking until its banking partner froze the accounts
A US app, formerly OnJuno, combining a checking account and debit card with crypto buying, holding and paycheck conversion, backed by a USDC loyalty programme.
- Capital raised (announced)
- Estimated
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Seed | 2019 | ||
| Series A | 2022 |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Varun Deshpande | Jul 2019 – end | Not established | Oct 2026 | |
| Ratnesh Ray | Jul 2019 – end | Not established | Oct 2026 | |
| Siddharth Verma | Jul 2019 – end | Not established | Oct 2026 |
Timeline
July 2019
Started by the team behind Nuo, a lending protocol backed by ConsenSys.
13 October 2019
The company promised a 5.5% savings rate to early customers.
1 October 2022
TechCrunch reported the JCOIN program alongside the banking product. The company tied rewards to customer use; it was a loyalty token, rather than a deposit guarantee.
5 January 2023
Juno cited uncertainty at its crypto partner Wyre. Crypto held on the platform fell to $1.25 million, The Block reported.
11 May 2024
Transfers, card payments and direct deposits stopped when Synapse and Evolve Bank & Trust fell out.
2 August 2025
A $5 monthly fee was imposed on remaining crypto balances from 1 September.
30 September 2025
Crypto still in accounts was to be sold and the proceeds mailed by check.
How it ended
Juno's Cash Account lost its banking and card services in May 2024, when the collapse of the banking-as-a-service provider Synapse froze accounts at Evolve Bank & Trust. In August 2025 the company told customers it could no longer offer its platform or any associated services, citing external factors, and retired its crypto services on 30 September 2025, selling any crypto left behind and mailing the proceeds by check. A later farewell on its website said there was no viable path forward for the business.
Still alive
Open spot
Juno is gone. Is your crypto card still running?
Spotlight your project here.
Sources
17 sources behind this page.
- 1Crypto Banking Platform Juno Raises $18M in Series A Funding · CoinDesk · Oct 2022
- 2Digital Bank Juno Raises $3 Million in Seed Round · Crowdfund Insider · Oct 2019
- 3[Update: Monthly Fees Being Added] Juno Review · Doctor Of Credit · Aug 2025
- 4Neobanking Platform Juno Raises $18 Million in Series A · Financial IT · Oct 2022
- 5Juno Service Updates · Juno (company help centre, retrieved after the shutdown) · Jun 2025
- 6A Final Goodbye from Team Juno · Juno (company website, retrieved after the shutdown)
- 7When Fintech Apps Break: Lessons From Juno, Yotta, Copper, Yieldstreet Wallet, Synapse, Evolve Bank Lawsuits · My Money Blog
- 8Juno encourages users to withdraw funds as crypto partner set to shut down · The Block · Jan 2023
- 9Juno Review: Platform Shut Down on September 30, 2025 · The Ways to Wealth
- 10Latest posts of @omniscient_ice · twitterapi.io (X API), retrieved 3 October 2026
Show 7 moreShow fewer
- 11Latest posts of @ray_ratnesh · twitterapi.io (X API), retrieved 3 October 2026
- 12Latest posts of @thebitsian · twitterapi.io (X API), retrieved 3 October 2026
- 13Posts on X naming Juno's founders' handles, including ETtech's of 1 October 2022 · twitterapi.io (X API), retrieved 3 October 2026
- 14X account 68822182 looked up by identifier · twitterapi.io (X API), retrieved 3 October 2026
- 15X profile lookup for @sidsverma (user not found) · twitterapi.io (X API), retrieved 3 October 2026
- 16X profile of @ray_ratnesh (Ratnesh Ray) · twitterapi.io (X API), retrieved 3 October 2026
- 17X profile of @thebitsian · twitterapi.io (X API), retrieved 3 October 2026
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.