Lunar in a €210 million series D funding round backed by Kinnevik, Heartland and Tencent.
Lunar, an Aarhus, Denmark-based company operating a digital platform for providing financial services, announced completing a €210 million ($249 millon) series D funding round.
Lunar, founded in 2015 as LunarWay and led by CEO Ken Villum Klausen, provides a range of financial services including insurance, savings, budgets, loans or investments via a mobile application. The company also operates a banking licence and launched a challenger bank providing free accounts and a subscription-based service called Lunar Premium.
Lunar has more than 325,000 customers throughout the Nordic region. In April 2021, it announced the acquisition of Lendify, a Stockholm, Sweden-based operator of a local loan platform for almost $150 million. It received the European banking license in 2019.
Lunar last raised €40 million series C in the second part of 2020, out of a total of $120 million.