Swedish fintech company Juni has raised a total of $21.5m in funding in a round that was co-led by DST Global and Felix Capital.
The fundraising comes around three months after the fintech officially opened for business.
The proceeds will be used to support product development as well as expand its workforce.
Founded last year, Juni operates as a banking platform for e-commerce and online marketing entrepreneurs.
According to its website, the company is now accepting beta applications from companies within the EU and the UK apart from Germany and Malta.
In a blog post, Juni CEO Samir El-Sabini said: “Our mission has always been to become a financial companion for e-commerce – letting businesses automate several parts of their businesses and allowing them to focus on what truly matters. Over the next few months we will release several new key features while hiring new talent.
“I could not be more happy about the partners that have now joined our mission – DST has a proven track record of helping companies scale, and exceptional operational expertise. Felix Capital has one of the industry’s most impressive track records when it comes to growing e-commerce related businesses into category leading players.
“Their combined hands-on experience, coupled with the mentoring and follow-on from our original investors is just what we need to give more financial freedom to our customers.”