# Ratnesh Ray

> Ratnesh Ray is the Co-Founder and CTO of Juno, a crypto-native banking platform headquartered in San Francisco that lets users receive salaries directly in cryptocurrency via FDIC-insured accounts. A serial entrepreneur from Bengaluru, Ray previously co-founded BeeWise (acquired by Aditya Birla Money in 2017) and Nuo Network, a ConsenSys-backed DeFi lending protocol. At Juno, he leads technical architecture for a platform that has raised $24M in funding, including an $18M Series A led by ParaFi Capital in 2022, and serves over 75,000 U.S. customers.

- **Role:** Co-Founder & CTO at Juno
- **Organizations:** Juno, Nuo Network, BeeWise
- **Nationality:** Indian
- **Education:** Bachelor of Technology, Computer Science, Indian Institute of Information Technology (IIIT)
- **Known for:** Co-founded BeeWise, acquired by Aditya Birla Money in 2017, Co-founded Nuo Network with ConsenSys backing, raising $3.25M for DeFi lending, Co-founded Juno, raising $24M total funding including $18M Series A from ParaFi Capital

## Career timeline

- **2014-2015** — Full Stack Software Developer at Toppr.com, contributing to online education platform
- **2015** — Joined TinyOwl (Sequoia India-backed foodtech) on the Big Data team
- **2016** — Co-founded BeeWise, an alternative credit analytics platform
- **2017** — BeeWise acquired by Aditya Birla Money - first successful exit
- **2017** — Co-founded Nuo Network, a ConsenSys-backed decentralized lending protocol
- **2018** — Nuo Network raised $3.25M; launched borderless crypto lending protocol
- **2019** — Co-founded Juno (then OnJuno) in July; raised $3M seed from Sequoia Surge, Polychain, Dragonfly
- **2021** — Nuo protocol discontinued as team pivoted fully to compliant banking
- **2022** — Juno raised $18M Series A led by ParaFi Capital; launched JCOIN loyalty token
- **2023-2024** — Juno expanded to Brazil under 'Velo' brand; reached 75,000+ U.S. crypto banking customers
- **2024** — Brazil Velo expansion discontinued in December 2024; team refocused on core U.S. platform

## Achievements

- Co-founded BeeWise, acquired by Aditya Birla Money in 2017
- Co-founded Nuo Network with ConsenSys backing, raising $3.25M for DeFi lending
- Co-founded Juno, raising $24M total funding including $18M Series A from ParaFi Capital
- Built crypto banking platform serving 75,000+ U.S. customers
- Secured investment from Sequoia Surge, Polychain Capital, Dragonfly Capital, and Jump Crypto
- Pioneered JCOIN loyalty token model with zero founder/investor allocation - tokens go entirely to customers
- Led Juno's technical architecture serving 120+ employee company

## Latest updates

- **2024-12** — Juno discontinued its Brazil Velo expansion, refocusing on core U.S. crypto banking platform
- **2022-10** — Juno closed $18M Series A led by ParaFi Capital with investors including Greycroft, Jump Crypto, and Hashed
- **2022-10** — Juno launched JCOIN, a tokenized loyalty program with no founder or investor allocation

## Links

- Website: https://juno.finance
- LinkedIn: https://www.linkedin.com/in/ratnesh-ray-aaa7b8a0/
- Twitter/X: https://twitter.com/ray_ratnesh
- GitHub: https://github.com/ratnesh-ray

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Profile page: https://yespress.io/ratnesh-ray
Published by YesPress — https://yespress.io
Last updated: 2026-05-23