Breaking News
Lunar raised €210m and reached unicorn status
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.
- Bluefin and Basis Theory Partner to Enable Unified Tokenization Across Digital and In-Person Payments Read more
- Invest Bank and AUTON8 Build Partnership to Drive Digital Resilience and Banking Agility Read more
- ING’s AI Roadmap: Platform, People, and Agentic AI Read more
- UK-fintech Provided Over £17.5m in Emergency Wage Advances to More Than 55,000 Employees in the Last Year Read more
- TreviPay Announces AI-Powered Growth Center to Help Enterprises Predict Buyer Behavior and Drive B2B Sales Read more
NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
2024’s Financial Innovators: A New Era of Banking Startups
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Evolution of Digital Wallets: A Shift from Physical Cards by 2030
By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.
Payment Technology Trends Shaping 2024 and Beyond
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Future of Digital Payments: Exploring PayPal Alternatives
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Nubank: Supercharged Banking and Predicted to Soar Beyond $100 Billion
In this blog, we will explore two exciting developments that have everyone talking about Nubank: its potential for exponential growth in share value and its remarkable expansion to serve more than 90 million customers across Latin America.
Bluefin and Basis Theory Partner to Enable Unified Tokenization Across Digital and In-Person Payments
Bluefin, the global leader in payment and data security infrastructure and PCI-validated point-to-point encryption (P2PE), today announced a strategic partnership with Basis Theory, a modern, API-driven tokenization and vaulting platform. Together, the companies enable enterprises to implement a unified token strategy across in-store, call center, online, and backend payment environments without expanding PCI scope or introducing new integration complexity.
Invest Bank and AUTON8 Build Partnership to Drive Digital Resilience and Banking Agility
Invest Bank today announced the successful outcomes of its strategic partnership with AUTON8, a global leader in intelligent automation. The collaboration marks a milestone in strengthening regulatory resilience, operational efficiency, and customer-centric agility across both core and digital banking landscapes.
ING’s AI Roadmap: Platform, People, and Agentic AI
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
UK-fintech Provided Over £17.5m in Emergency Wage Advances to More Than 55,000 Employees in the Last Year
PayCaptain, the world’s first B Corp-certified payroll solution, reports a landmark year of growth, with a 73% increase in new customers for 2025 and an average of 70% YoY revenue growth in the last two years. As the cost-of-living crisis deepens, PayCaptain has provided financial agility for 55,000 employees across 260 forward-thinking brands including TGI Fridays, Dishoom, Roadchef, NEOM, Charlie Bigham’s and Monica Vinader dedicated to combining efficient payroll with tools to support the financial health of staff.
TreviPay Announces AI-Powered Growth Center to Help Enterprises Predict Buyer Behavior and Drive B2B Sales
TreviPay, a fully managed B2B payments platform, today announced the availability of the Growth Center, a set of capabilities within the TreviPay Client Portal to help identify buyer growth opportunities more strategically and build stronger, longer-lasting supplier relationships. With its advanced features, the new Growth Center enables businesses to explore buyer needs, spot trends and optimize key steps in the order-to-cash (O2C) process. Integrated into TreviPay’s global payments network, the customizable add-ons will help businesses use their O2C programs to deepen buyer relationships and drive lasting engagement.
AYU Alternative Investment Network Launches Direct Capital Matching Service
AYU, the global private members' community for family offices and alternative investment funds, is launching AYU Capital, a matching service connecting funds and founders with verified family office investors.
Chubb Appoints Scott Henck Global Chief Actuary
Chubb announced that Scott Henck, Executive Vice President and Chief Actuary, North America, has been appointed Senior Vice President, Chubb Group and Chief Actuary