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How to use Juni Capital
How to use Juni Capital

Learn more about how to use Juni Capital for Cards and Invoices

Giuseppe Leoni avatar
Written by Giuseppe Leoni
Updated over a week ago

Capital for Cards

Once approved for Capital for Cards, you get assigned:

  • A Capital limit - Typically between €10k and €2m, depending on underwriting

  • A spending window - Typically on a one month basis, from first to the last day of the month

  • A repayment window - Typically between 7 days and 30 days, depending on underwriting

The Capital for Cards cycle works like this:

  • At the end of your spending window (i.e. on the 1st of the following month) you’ll have a statement issued which outlines the total capital utilised within the month, broken down by transaction.

  • You then have your repayment window to fully repay the statement. For example, if you have a 7 day repayment window you must fully repay the statement by the 8th of the month. If you have 30 days then you must repay by the 31st.

Capital for Invoices

Once approved, you’ll get assigned:

  • A Capital limit - Typically between €10k and €20m, depending on underwriting.

  • A repayment window - Typically between 30 days and 120 days, depending on underwriting.

  • A fee - Typically between 1% and 4% per month, depending on underwriting.

    • It’s important to note that the fee is fixed over a 30-day period (one month), so your amount due will be calculated according to this formula: Invoice Amount * Assigned fee * Number of months.

    • Example:

      • You pay a €100k invoice with Capital for Invoices with a repayment term of 90 days at 2% for every 30 days. You’ll repay €100k in principal and €6k (€100k * 2% * 3 months) in fee in 90 days.

  • The Capital for Invoices cycle works like this:

    • First, you select an invoice to pay with capital (see how to pay an invoice), where you can either schedule the payment for the future or pay immediately. Once the invoice is settled, the invoice is paid and you receive a Juni Capital statement detailing the Juni Capital utilised, plus the fee.

      • E.g. From the example above, you’ll receive a statement for €106k

    • You then have your repayment window to fully repay the statement.

To start using Capital

Assign Capital to a specific currency

  • Go to Money > Capital

  • Select either Capital for Cards or Capital for Invoices

  • Click on Manage Capital

  • Select + Add Currency to add more currencies

  • Select + Edit Capital assigned to assign Capital to a specific account

For Capital for Cards, you also need to:

  • Go to Money > Capital

  • Identify the account you'd like to start using Capital for Cards from

  • Select + Add a card to create a Card

Once the card is activated, you can use it as if it was any other card.

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