Juniper Bank said it had landed 50,000 accounts and generated more than $100 million in outstanding credit card loans. The online bank was founded in January 2000 and launched in October. Juniper in September succeeded in raising $94 million in its second funding round amid some skepticism over the prospects of a bank without a physical presence.
Short Take: Juniper Bank marks milestones
Juniper Bank said it had landed 50,000 accounts and generated more than $100 million in outstanding credit card loans. The online bank was founded in January 2000 and launched in October. Juniper in September succeeded in raising $94 million in its second funding round amid some skepticism over the prospects of a bank without a physical presence.
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