FF News Logo
Wednesday, September 17, 2025
ITC Vegas

Breaking News

Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Saudi Central Bank Launches Google Pay Service Through Mada Network Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’ barq Joins Forces With Thunes to Power Faster, World-Class Remittances Across Saudi Arabia Paymentology Expands Presence in Saudi Arabia to Support Vision 2030 and Next-Generation Payments JPMorganChase and Plaid Announce an Extension to their Data Access Agreement for Sharing of Consumer Permissioned Data Enhancements to Ecommpay Subscriptions Service Help Address Failed Recurring Payments HSBC Deploys Wealth Intelligence for Its Wealth Management Staff to Enhance Client Experience

July 20 2021

Lunar raised €210m and reached unicorn status

Share this post:

Share on LinkedIn Share on WhatsApp

The Danish challenger Lunar Bank has raised €210m in Series D funding and managed to reach unicorn status.

The round was led by Heartland, with Tencent, Kinnevik and Peter Mühlmann, founder of Trustpilot, also participating.

This raise of funds comes after Lunar’s rapid acceleration in growth from both private and business customers. The challenger bank now serves more than 325,000 customers across the Nordics.

Read also: N26 aims for valuation of $10 billion

Lunar offers a wide range of financial services, including insurance, savings, budgets, loans, and investments via a mobile application. It provides free accounts and a subscription-based service called Lunar Premium.

Lunar Group acquired the Swedish loan and savings platform Lendify to strengthen the private loan business.

Lendify’s loan book was worth about €300 million, this brought Lunar 40,000 active savings and loan customers.

“We are at a true crossroads in the Nordics,” said Ken Villum Klausen, founder and CEO of Lunar.

“Both private and business customers expect a more convenient, empathic and engaging alternative to traditional banks, lenders and payment service providers.”

“We are beyond excited to welcome investors with such valuable experience to join our next stage of growth. It’s a massive step for both Lunar and Nordic banking customers. The investment underpins Lunar’s long-term vision of building a digital-first financial ecosystem for both private consumers and businesses.”

[mc4wp_form id=”2736″]

The Aarhus-based challenger bank, previously called Lunar Way, was founded in 2015 by Ken Villum Klausen.

Since then it has grown into a Scandinavia-wide company with offices in Copenhagen, Stockholm and Oslo and more than 300 employees. Its Series C funding round in October 2020 raised €40m.

  1. Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns

    Fintech

     Read more
  2. WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance

    Funding

     Read more
  3. AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico

    Merchants

     Read more
  4. Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering

    Events

     Read more
  5. United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize

    Events

     Read more
Gitex Global
More On