Lunar, Nordic-based fintech company focused on the future of money for consumers and businesses, announced a €70 million Series D-2 funding round. It brings the Series D total to €280 million.
Existing investors participated in the funding round following on the heels of last year’s Series D led by Heartland alongside Kinnevik, Tencent and IDC Ventures.
Ken Villum Klausen, founder and CEO of Lunar, said:
“We are grateful for the dedication and trust our investors have in Lunar and we will continue to invest in new ways to give more power to consumers and businesses.
The new funding will enable us to keep momentum in our Nordic expansion. In the first months of 2022 we launched our new Nordic crypto platform, enabled our business customers to accept and track card payments in their webshop, and we anticipate M&A activities to complement our Nordic offering.”
Lunar started its life focused on providing personal finance management to consumers and businesses. It has gradually evolved its model with the aim of serving consumers and SMBs with all their financial needs across payments, banking and investments.
New crypto trading platform and B2B payments
Today, Lunar is focused on connecting its consumer and business customers in a two-sided marketplace.
Lunar just launched a blockchain arm and a Nordic crypto platform in a bid to make crypto trading hassle-free for the Nordic consumers.
Ken Villum Klausen, founder and CEO of Lunar, said:
“It’s a hassle for Nordic consumers to use multiple platforms for their needs, and we are excited to bring crypto to our universe of banking, payments and investments.
The future of money is embedded, web3, in the metaverse and whenever you need it. With Lunar Block we will explore how both crypto and blockchain technology can benefit our customers to enter the next level of payments and banking.”
For the launch of Lunar Crypto, users can buy and sell Bitcoin, Ethereum, Cardano, Polkadot and Doge in the Lunar app.
In October 2021, Lunar announced the acquisition of payments platform Paylike and launched one-click checkout for it’s growing e-commerce SMBs using Lunar for business banking and expense management. Now Lunar also lets its business customers accept online payments.
This article first appeared on fintechnordics.com
