Danish Challenger Bank Lunar Snaps Up Payments Firm Paylike

Danish Challenger Bank Lunar Snaps Up Payments Firm Paylike

by October 20, 2021

Danish neobank Lunar announced that it has acquired Paylike, a full-stack European payment platform for an undisclosed sum.

With this move, Lunar gains a gateway that will make it possible for its business customers to receive payments from their clients without having to use an intermediary.

The addition of Paylike will bolster Lunar’s existing business banking offering to meet the needs of its growing customer base.

Lunar made the acquisition following its €210 million Series D funding round led by Heartland which was joined by investors including Kinnevik and Tencent.

On top of the acquisition of Paylike, Lunar has also launched Lunar Checkout.

Utilising the full potential of its banking license and in-depth knowledge of the customers, Lunar built a seamless and secure account payment method for shopping online.

Users will only need to type in their phone number and swipe to approve the payment without any additional information.

To give all businesses and consumers a hands-on experience in the two-in-one convenience, Lunar also launched a storefront selling its popular merchandise to Nordic consumers.

Lars Bo Thomsen, Co-founder and COO of Paylike

Lars Bo Thomsen

Lars Bo Thomsen, Co-founder and COO of Paylike said,

“When we founded Paylike in 2015, we were on a mission to make it simpler and faster for businesses to receive payments. Back then, setting up a payment solution could take weeks.

 

We launched a modern alternative that only took minutes. Now we are taking a big step forward by offering payments directly to the business banking account. That’s fintech at its best.”

 

Featured image: Edited from Unsplash

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