Juniper Payments
“Can the leading correspondent-banking payments platform extend community banks and credit unions into modern real-time rails (FedNow) at scale through its Velera parent?”
Founded2000
HQWichita, Kansas, United States
Latest roundAcquired by PSCU (now Velera), May 1, 2022
IndustryInfrastructure / Payments
The story
Founded in 2000 by community bankers to deliver SaaS-based correspondent and community-bank payment software, Juniper Payments built the industry's first 'Correspondent Gateway' connecting business customers through community banks/credit unions up to correspondent institutions and the Federal Reserve. Acquired by PSCU in May 2022 (rebranded Velera in 2023), Juniper became the payment-rails arm of the largest credit union service organization in the US — extending wire, ACH and FedNow access to ~2,500 financial institutions.
Product timeline
2000
Founded by three community bankers in Wichita to build online payment software tailored for community banks.· pivot
2022
Acquired by PSCU (credit union service organization), giving 1,900 credit unions access to Juniper's payment rails.· acquisition
2023
PSCU rebranded as Velera; Juniper became 'Juniper Payments — A Velera Company'.· pivot
2023
Announced support for the Federal Reserve's FedNow Service.· banking
Regulated entities
FFIEC Technology Service Provider
US
Juniper Payments, LLC
The stack
Payments / PSP
Accounting gap: none