In sharp contrast to many other dot.com companies that are starved for new money, fledgling Juniper Financial has raised another $94 million, bring the total to $114 million. Juniper hasn't even started in business yet. It is scheduled to begin this fall, offering credit cards, checking accounts and bill payment.
The latest injection of funds was led by J&W Seligman, the mutual fund and investment company. Another investor was Cincinnati's Fifth Third Bancorp. And two other investors are mobile-oriented technology companies: Finnish-based Sonera Corp. and Maryland-based Aether Systems.