Lunar partners with Subaio to help users manage their monthly subscriptions
Denmark-based Subaio , a money management company that helps users take control over their subscriptions, has partnered with mobile banking app Lunar to allow its customers to use its services.
“Our goal is to make sure that our users get more out of their money in our app. We can see that subscriptions are being consumed more and more. That is why we want to give our users better control of their subscriptions and making sure that they can manage them from one app.” – Joachim Stroejer, Chief Product Officer at Lunar.
This is the first time that Subaio has partnered with another fintech company and it has been a different experience than the integration with traditional banks.
“We are proud to launch with Lunar. It is an extremely customer-focused bank that operates as a modern software company. The integration has happened very quickly. It’s been really fun. Subaio and Lunar are both innovative companies that work fast. This partnership will certainly come up with some innovative solutions – the next ones will come soon.” – Thomas Laursen, CEO of Subaio.
Lunar and Subaio expect to build more products together in the future.
Managing subscriptions is part of Lunar Premium, which is a new service by the bank that includes benefits such as travel insurance underwritten by Tryg, no extra fees for card use abroad, and multiple accounts.
“Many people are surprised when they get the overall overview of the subscriptions that they have collected. It is a good opportunity to take a status on whether you get the anticipated value, or whether you have things that drain the account without noticing it.” – Joachim Stroejer.
Bottom Line: Lunar has over 150,000 users with an average age of 29.