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Nordic-based fintech company Lunar achieved €280 million Series D round in total

Danish financial services company Lunar gathers 70 million euros from its Series D-2 round with the participation of its existing investors. Thus, the startup company has managed to raise a total of 280 million euros from the Series D round. The previous round was led by Heartland alongside Kinnevik, Tencent, and IDC Ventures.

Now, the Danish company is able to launch a crypto trading platform and B2B payments for its customers. The funding will also enable the startup to further its expansion in the Nordics. With the previous investments towards it, Lunar’s final gatherings reach €345 million in total.

The company’s application enables users to ease banking functions with enhanced security and use all kinds of banking services such as balance checking, account opening and applications for loans along with debit cards.

Headquartered in Aarhus, the startup has more than 450 employees spread across Nordic countries. The company has also multiple locations including Copenhagen, Stockholm, and Oslo, where it maintains its operations.

LUNAR RAISES €70 MILLION IN SERIES D-2

The company adds €70m to its Series D, launches Nordic crypto trading platform and diversifies further into the B2B payments space. Lunar will use the new funding to continue its M&A activity.

Nordic-based fintech company focused on the future of money for consumers and businesses today announced a €70 million Series D-2 funding round. It brings the Series D total to €280 million.

Existing investors participated in the funding round following on the heels of last year’s Series D led by Heartland alongside Kinnevik, Tencent and IDC Ventures.

 

Lunar, Ken Villum KlausenKen Villum Klausen, founder and CEO of Lunar, said:

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.

Lunar started its life focused on providing personal finance management to consumers and businesses. It has gradually evolved its model with the aim of serving consumers and SMBs with all their financial needs across payments, banking and investments.

New crypto trading platform and B2B payments

Today, Lunar is focused on connecting its consumer and business customers in a two-sided marketplace.

The Danish startup just launched a blockchain arm and a Nordic crypto platform in a bid to make crypto trading hassle-free for the Nordic consumers.

Ken Villum Klausen, founder and CEO of Lunar, said:

It’s a hassle for Nordic consumers to use multiple platforms for their needs, and we are excited to bring crypto to our universe of banking, payments and investments.

The future of money is embedded, web3, in the metaverse and whenever you need it. With Lunar Block we will explore how both crypto and blockchain technology can benefit our customers to enter the next level of payments and banking.

For the launch of Lunar Crypto, users can buy and sell Bitcoin, Ethereum, Cardano, Polkadot and Doge in the Lunar app.

In October 2021, the company announced the acquisition of payments platform Paylike and launched one-click checkout for it’s growing e-commerce SMBs using platform for business banking and expense management. Now Lunar also lets its business customers accept online payments.

About Lunar:

Lunar is a financial technology company that lets consumers and businesses handle everything money in one place.

Founded in 2015, it has operations in Denmark, Sweden and Norway, serving more than 500,000 users on its platform. Lunar received a European banking license in 2019.

Click here to read more.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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