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OnJuno is a neobanking platform that offers interest-earning personal checking accounts. The platform allows all transactions to be managed from an iPhone or Android application, and users can be paid in cryptocurrency through direct deposit.

OnJuno is a financial technology company that offers a neobanking platform. Its programs feature cash back options with retailers such as Amazon, Target, and Walmart, subscription management functionality, integrations with popular payment apps like Venmo, and contactless payment through its Instant Virtual Card.

Since the company is not a bank, banking services are provided by Evolve Bank and Trust, Members FDIC. The OnJuno card is issued by Evolve Bank and Trust, Member FDIC, pursuant to license by Mastercard International. OnJuno was founded in July 2019 by Varun Deshpande, Ratnesh Ray, and Siddharth Verma, the creators of the Consensys-backed Nuo protocol in 2018. The trio had earlier founded BeeWise, an alternate credit analytics platform acquired in 2017 by Aditya Birla Money.

OnJuno Founders

On October 9, 2019, OnJuno raised a seed round of USD $3 million from Sequoia Capital's Surge Program, Polychain Capital and Dragonfly Capital Partners. The round also saw participation from Consensys Labs, Astarc Ventures, Singapore Angel Network and angels including Balaji S. Srinivasan (Ex-CTO, Coinbase and General Partner, a16z), Salil Deshpande (ex-MD, Bain Capital Ventures), Amrish Rau and Jitendra Gupta (CEO & MD, PayU India), Nitin Sharma from Incrypt, Venu Palaparthi (CCO, Dash Financial), Rajesh Chelapurath (President, Ceera Investments), Brian Ma (Founder, Divvy Homes), Sanjay Mehta from Mehta Ventures, Prashant Malik (Creator of Apache Cassandra).

Varun Deshpande, co-founder of OnJuno, stated

We are excited to unveil OnJuno - a neo banking platform that provides a high yield checking account to save more. Our mission with OnJuno is to help create an open financial system for the world by providing equal opportunity and access, no matter where you are born or how much you earn. We are also delighted to partner with Polychain Capital, Sequoia Capital’s Surge Program and Dragonfly Capital on this journey as we build a new age banking platform from the ground up.

Users can get paid in crypto with direct deposit. They can do that by setting up a direct deposit and receiving part of their cash paycheck in crypto in any wallet of their choice. Some employees at Apple, Google, Amazon, Messari, Polygon, Uber, Polychain, Microsoft, KPMG, and Twitter use OnJuno to take their paycheck in cryptocurrency. The process includes the following steps::

  • Pick Currencies: Enter amount and choose between BTC, ETH, USDC or other currencies
  • Set Up Direct Deposit: Switch part of paycheck automatically by logging into payroll provider
  • Select Wallet: Select receiving address as OnJuno Wallet or any external wallet

On November 24, 2021, OnJuno teamed up with Argent to enable users get paid in Ethereum. Users create create an OnJuno account, connect to their payroll through the platform's automated service, then select Argent as the preferred wallet. The service is for US residents only and the company plans to expand globally in 2022.


November 24, 2021
OnJuno partners with Argent to allow cryptocurrency paychecks.
March 10, 2021
Neobank OnJuno teams up with Fintel Connect for affiliate program.
December 12, 2020
OnJuno, a new online bank aimed at Asian-Americans, offers a 2.15% savings rate
October 9, 2019
OnJuno raises a $3,000,000 seed round from Sequoia Capital India.

Funding Rounds



Further Resources



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