Lunar Way secured $14.7M in a round including SEED Capital, Greyhound Capital and Socii Capital.

Lunar Way, an Aarhus, Denmark-based company operating a banking solution provided via a mobile application, announced that it secured EUR 13M ($14.7M) in capital investment.

The round was led by existing SEED Capital and included Greyhound Capital, Socii Capital and other un-named private investors from the financial services industry.

Lunar Way, founded in 2015 by CEO Ken Villum Klausen, developed a mobile application providing a service suite aimed to compete with the traditional banks. The app can be used for paying bills, transfering money, setting a budget, doing saving-goals, card mangement.

The company has about 50 employees based in Aarhus and Copenhagen and grows at a rate of 10,000 users per month.

Prior to this deal, Lunar Way raised almost $10M in outside capital investment, from investors including Nykredit, one of Denmark's leading financial services groups with activities ranging from mortgage lending and banking to insurance, pension and estate. from