Aarhus-based Lunar has raised €24.1 million in a recent funding round, led by its major existing investors. This round is part of a larger trend, as the bank has raised €50.9 million in total over the past four months. Lunar offers smart and transparent financial management solutions to over 850,000 users in the Nordics, empowering them with control over their money. The new funding will support this growth, particularly in its Banking Services business area, where it is extending its in-house developed infrastructure to external partners.
Lunar is a digital challenger bank that aims to simplify and enrich people’s financial lives by providing smart ways to manage money, offering more control, easier investment tools, and no hidden fees. Founded in Aarhus, Denmark, Lunar received a banking license in 2019, making it one of the few banks with a Nordic banking platform. The bank is on a mission to expand its services beyond basic banking, aiming to become a full-service bank that serves both private customers and businesses in Sweden.
The bank is 100% digital, accessible at all times, and caters to both private individuals and businesses in the Nordics. Lunar’s services include managing daily finances, investment tools, and transparent terms that are easy to understand. With more than 850,000 users across Denmark, Sweden, and Norway, Lunar is committed to empowering its customers and putting them back in control of their finances.
“Securing 50.9 million EUR in such a challenging market reflects strong confidence in our growth strategies. It also underscores the payoff from investments in our platform; we’re seeing robust growth in our newly launched business area Banking Services, where we’re extending our in-house developed Nordic infrastructure to external partners. Concurrently, we’re continuing to broaden Lunar’s basic banking services to evolve into a full-service bank catering to both private customers and businesses in Sweden,” says Ken Villum Klausen, founder and CEO of Lunar.
“We’re now raising 24.1 million EUR in line with the capital plan approved by the Danish Financial Supervisory Authority. We’re delighted that all major investors in Lunar are participating in this capital injection, showing their support for the company and our mission to establish the best everyday bank in the Nordic region. We’re on track with our plans and eagerly anticipate dedicating our full attention to further expanding our business across the Nordics.”
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