Written by Christina Levada
A leading UK venture capital firm has announced its part in a $1,000,000 investment round in Juno Technologies, a company developing Juno AI, a generative AI-powered operating system for financial services, aiming to transform business loan processing for lenders and brokers. Juno AI's technology dramatically speeds up lead processing, reduces costs, and offers features like natural language interactions and autonomous management of loan applications.
Fuel Ventures, one of the UK's leading venture capital firms has announced investment in Juno Technologies, a company developing pioneering artificial intelligence-powered “employee” designed to transform the loan processing experience for lenders and brokers specialising in business and property loans. Lead by Fuel Ventures, with contributions from Zinc and other Angel Investors, the investment round has raised a total of $1,000,000.
Juno AI plans to use this investment to launch its core offering into the market, helping lenders and brokers drastically cut processing times and costs. The system utilises advanced AI technology to automate a wide range of tasks traditionally handled manually in the loan origination and packaging process. This innovation speeds up front and middle office operations saving hundreds of manhours, improves accuracy, increases the number of successful applications processed, and eliminates the need for human intervention at most stages of the deal’s lifecycle.
Juno Technologies’ first product, a loan packaging AI agent named Juno is designed to efficiently onboard small business customers by guiding them through the loan application process, collecting necessary information and documents, enriching their profile with third-party data sources, and ensuring all data is complete, accurate and up-to-date for the lender’s decision-making team.
Max Chmyshuk, co-founder of Juno AI said:
“We are thrilled to have Fuel Ventures on board as we gear up to introduce our “employees of the future” to the commercial finance market. This investment is not just a financial boost but a strong vote of confidence in our vision and technology.
“At Juno AI, we are passionate about improving access to capital for small businesses and boosting the economy through the application of the latest advances in AI. With Fuel Ventures' support, we are now well-positioned to accelerate our product development and deployment, ensuring that lenders and brokers can offer quicker, more reliable and cost-effective services to SMEs across the UK and beyond.”
Mark Pearson, founder of Fuel Ventures, commented:
"Juno AI’s technology has the potential to redefine how small business loans are managed and we believe in this potential. Not only does this investment align perfectly with our commitment to backing technologies that drive significant advancements in traditional industries, but we also see the passion of these amazing founders to take their business to the next level using this investment.“
About Juno Technologies
Juno Technologies is a company at the forefront of developing Juno AI, a generative AI-powered operating system designed to revolutionise business loan processing for lenders and brokers. Juno AI automates a range of tasks in loan processing, significantly reducing time and costs while increasing efficiency. Its advanced system accelerates the journey from enquiry to offer, reduces operational expenses, and allows for handling a higher volume of applications with improved success rates.
Juno AI automates manual administrative tasks and streamlines the onboarding of small business customers. It guides them through the loan process, collects necessary information and documents, follows up on missing details, and manages internal tasks like system updates and compliance checks. This results in a fully prepared loan application, ready for review by the lender’s decision-making team, transforming the loan process and enhancing the overall customer experience.
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