Lunar lands €35m in fresh funding to boost Nordic expansion
Most of Lunar’s existing investors took part in the funding round, the neobank says.
Most of Lunar’s existing investors took part in the funding round, the neobank says.
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Founded in 2016, Instabank claims more than 60,000 customers in Norway, Finland and Germany.
Lunar CEO says the new funding will enable the firm to continue carrying out its Nordic expansion plan.
Actor “excited to take part in Lunar’s mission to give people more power from their money”.
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Lunar says it is building the “go-to app” for banking, payments and investments in the Nordic region.
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Lunar founder and CEO Ken Villum Klausen says payments will be “at the forefront of our next growth phase”.
Featuring insightsoftware, Revolut, Lunar, Quantexa, and M1 Finance.
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The challenger says the funds will be used to continue its growth and launch new products.
The deal, which is pending regulatory approval, is expected to close by mid-May.
Lunar to deploy a cloud-based version of Ambut Quantum.
The round arrives just seven months after its €20 million Series B extension in April.
Danish challenger bank claims to be pioneer with new service.
Denmark and Sweden lead European esports usage.
The Nordic bank has 150,000 customers.
Monzo’s former head of product Ole Mahrt will also join its board of directors.
Temenos says it was chosen to “address stringent regulatory demands”.