Lunar Way announced an additional €20 million in funding from SEED Capital, Greyhound, Socii and Chr. Augustinus Fabrikker.
Lunar Way, an Aarhus, Denmark-based digital provider of financial services, announced an additional €20 million ($22M) in funding, representing an extension of a $20M financing round announced in 2019.
In conjunction with the announcement, Ole Mahrt, formerly with Monzo, will join the company’s board of directors. The other non-executive board seats are held by Henning Kruse Pedersen, former CEO of Nykredit, Tuva Palm, former CTO at Nordnet Bank and Director at Klarna, Gary Bramall, CMO of Zoopla, and Lars Andersen, general partner at Seed Capital.
Lunar Way, founded in 2015 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.
The company has 120 employees based in Aarhus, Copenhagen, Stockholm and Oslo, and serving 150,000 users in the Nordics.
Prior to this round, Lunar Way raised more than $50 million.