Lunar raises €70 million
Nordic challenger bank Lunar announced a €70 million Series D-2 funding round, brining the Series D total to €280 million.
Founded in 2015, Lunar now counts 500,00 customers and €1.3 billion in deposits across Denmark, Sweden and Norway. In October 2020, the startup had 200k customers.
Aside from personal banking and travel insurance underwritten by Tryg, Lunar also offers business banking and it is now focused on connecting its consumer and business customers in a “two-sided marketplace.”
“We are grateful for the dedication and trust our investors have in Lunar and we will continue to invest in new ways to give more power to consumers and businesses.
The new funding will enable us to keep momentum in our Nordic expansion. In the first months of 2022 we launched our new Nordic crypto platform, enabled our business customers to accept and track card payments in their webshop, and we anticipate M&A activities to complement our Nordic offering.” – Ken Villum Klausen, founder and CEO of Lunar.