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Former Paytm Executives Roll Out Junio, A Digital Pocket Money App for Children

Startup raises Rs 10 cr from marquee private supporters, expects to have 5 million clients in four years<br>

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Former Paytm Executives Roll Out Junio, A Digital Pocket Money App for Children

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  1. Former Paytm executives roll out Junio, a digital pocket money app for children

  2. Junio, a computerized pocket cash application for youngsters, has set shop in India in the wake of raising Rs 10 crore and intends to have 5 million clients in any event four years. The startup collected the cash in a heavenly messenger round that had Cred originator Kunal Shah, Bharat Pe CEO and fellow benefactor Ashneer Grover, PolicyBazaar CEO Yashish Dahiya, InnoVen Capital MD and CEO Ashish Sharma, and Groww prime supporter and CEO Lalit Keshre, among others. Junio, which is established by previous Paytm heads Shankar Nath and Ankit Gera, is the first application that helps pre- adolescents and youngsters to assume responsibility for their own pocket cash and investment funds with the assistance of guardians. It expects to sustain monetary

  3. information and order in kids. "A youngster centered installment stage is another idea in India and a space that is neglected. Presently, as we are moving towards a credit only economy, the prevalence of the computerized installments space will develop like never before in the years to come. We are excited to dispatch a first-historically speaking children centered computerized pocket cash application in the nation," said Gera. Notwithstanding moment pocket cash move, the application likewise permits guardians to monitor the spending made by kids. It allows guardians to make in- application every day errands for their children and bind them with advantages. It has highlights, for example, setting withdrawal limits for ATM.

  4. In the principal year, the startup focuses to have a month to month dynamic base of 200,000 Junio card clients in India. It means to have 5 million clients in three to four years.

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