Lunar lands €70m Series D extension round, launches crypto platform
Danish neobank Lunar has secured a €70 million Series D-2 funding round. The extension takes the firm’s total Series D funding to €280 million.
Existing investors IDC Ventures, Fuel Ventures, MW&L Capital Partners and Trustpilot founder and CEO Peter Mühlmann participated in the funding round, which was led by Nordic investment firms Heartland and Kinnevik and Chinese tech giant Tencent.
The Series D follows Lunar’s €40 million Series C round from October 2020.
Lunar CEO Ken Villum Klausen says the new funding will enable the fintech to continue carrying out its Nordic expansion plan.
Klausen adds Lunar is anticipating “M&A activities to complement our Nordic offering”.
The Nordic fintech has also launched a crypto trading platform and B2B payments solution.
Lunar says the new offerings are designed to connect its consumer and business customers “in a two-sided marketplace”. The added functionality means Lunar business customers can now accept online payments.
Through Lunar Crypto users can buy and sell Bitcoin, Ethereum, Cardano, Polkadot and Doge in the Lunar app.
Klausen says: “The future of money is embedded, web3, in the metaverse and whenever you need it.”
In October, the Danish digital bank acquired full-stack payments platform Paylike for an undisclosed sum. Last month, it welcomed movie star Will Ferrell as a celebrity investor.
Founded in 2015, Lunar is active in Denmark, Sweden and Norway and claims more than 500,000 users on its platform.