Lunar raises €20 million

Nordic challenger bank Lunar is extending its Series B round with an additional €20 million in funding, bringing the total round to €46 million. The Series B extension is led by Seed Capital, with participation from Greyhound, Socii, and Augustinus.

Founded in 2015, Lunar, which started out as a money management app, was granted a full banking license last year and it currently serves more than 150,000 users. Aside from banking products, Lunar also offers travel insurance underwritten by Tryg

The startup is also announcing that Ole Mahrt, Monzo’s former head of product from 2015-2019, is joining the company’s board of directors.