Lunar in a €210 million series D funding round backed by Kinnevik, Heartland and Tencent.

Denmark Sweden Spain United Kingdom China 10 July 2021

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.

The money was raised from backers led by Nordic investors Kinnevik and Heartland joined by China's Tencent, and will be used to grow the business.

IDC Ventures, Fuel Ventures, MW&L Capital Partners and Peter Mühlmann, the founder and CEO of Trustpilot, also invested.

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.

Total investments received (USD): 371.35M