Juno is looking to enter the Asian market after securing $52m funding from Goldman Sachs. The African fintech start-up uses behavioural data, like mobile phone usage, to provide information to banks and mobile network operators, when more traditional information is inaccessible. In a recent interview, Juno’s CEO David Ver said that he was “very bullish” on Africa’s potential for financial inclusion. To date, it has originated over $700 million in loans on its platform and manages over 25 million customer interactions per month. Juno’s targeting of the emerging economies in Asia is a calculated move as it is estimated that up to 70% of its user base are small business owners and comes after a recent expansion into Pakistan.
Juno is looking to enter the Asian market after securing $52m funding from Goldman Sachs. The African fintech start-up uses behavioural data, like mobile phone usage, to provide information to banks and mobile network operators, when more traditional information is inaccessible. In a recent interview, Juno’s CEO David Ver said that he was “very bullish” on Africa’s potential for financial inclusion. Juno’s targeting of the emerging economies in Asia is a calculated move as it is estimated that up to 70% of its user base are small business owners and comes after a recent expansion into Pakistan.