Lunar is a digital challenger bank that offers a mobile-based banking app that helps consumers control their personal finances.
Lunar aims to democratise the power of money and change the way we all bank, pay and invest.
Lunar was founded in 2015 by Ken Villum Klausen. The company is headquartered in Aarhus, Denmark, with offices in Copenhagen, Stockholm and Oslo.
Lunar offers checking and deposit accounts; loans and other credit services like buy now, pay later; stock, fund and ETF investing for consumers; plus business accounts, loans and financial management for SMBs.
Lunar also offers “Lunar Business,” catering for small business banking, including accounting software integrations, loans and more. The company is launching a crypto trading platform and B2B payments for its small and medium business customers.
Lunar currently serves over 500,000, and has some €1.3 billion in deposits on its books, and it is using that to run its loan product rather than taking out debt.
Lunar is backed by HEARTLAND, Kinnevik, Tencent, IDC Ventures, Greyhound Capital, Fuel Ventures, Seed Capital, MW&L Capital Partners, and others. The company raised an additional €70M ($77M) in Series D round on Mar 10, 2022. This is an extension of of its previous €210M Series D raised in Jul 2021, bringing the round total to €280M. The additional investment brings Lunar's total funding to €389.2M to date. The latest round reportedly valued the company at over $2B post-money.