back Back

FinTech Juni secures Swedish EMI licence

By Gloria Methri

October 27, 2022

  • Digital Transformation
  • Juni
  • Platformification

JuniJuni, the financial platform for e-commerce has announced securing its Electronic Money Institution (EMI) licence from Swedish regulator Finansinspektionen. The EMI licence is the first step to enable Juni to issue e-money in Sweden and soon, across Europe.

Founded in 2020, Juni gives e-commerce businesses a unified view of their finances with cards, multi-currency accounts, and accounting, banking and advertising integrations – all in one place. Through its EMI licence, the Swedish FinTech will become more flexible and create tailored offers for its customers by broadening the range of payment products and services available.

The licence will also help the company in introducing modern and progressive compliance procedures that will offer its customers better protection from fraud.  This can be achieved by combining in-house built and third-party vendor solutions.

Juni can also passport the EMI licence and provide its products and services to all other EU countries. It aims to do so early next year. The EMI license strengthens the company’s existing payments technology stack in preparation to enter other markets beyond Europe

“This is an important milestone for Juni. It enables us to have an even more robust legal and regulatory framework, ensuring we continue to operate a safe financial ecosystem for our customers,” said Samir El-Sabini, CEO and Co-founder of Juni. “We are also excited to leverage our EMI licence to broaden our range of payment products and services, and continue to help our customers grow.”

Meanwhile, Ambree Khasru, VP Regulatory & Oversight Officer, said, “We’re thrilled to continue to provide our customers with reassurance and trust, now with a direct relationship with the regulator. Our focus is to ensure our customers’ financial peace of mind by taking responsibility for the safety of their funds, and their data and strengthening Juni’s products and services in line with expected regulatory standards.”

Previous Article

October 27, 2022

4 popular Payment Gateways in Norway

Read More
Next Article

October 28, 2022

RAKEZ ties up with Mamo to expand new digital payment solutions

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024

Digital Transformation

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024

Saikyo Bank & nCino to boost operational efficiency and customer experience

Read More

March 01, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023