Lunar Way Raises €26M

Lunar Way, the Copenhagen-based millennial-oriented banking app, has raised a €26 million round led by SEED Capital, while also obtaining a European banking license from the Danish Financial Supervisory Authority.

Founded in 2015, the banking app, which focuses exclusively on the Nordics, will use the funds and new banking license to accelerate the development of its Nordic bank and develop new products that may include loans, insurance, and multi-currency cards. Currently, Lunar offers travel insurance underwritten by Tryg .

“The future belongs to those who offer the best user experience, and it’s our ambition to be the leading financial marketplace in the Nordics. We already offer the users control of their entire personal finances, spending overview, savings, interactive budgets and up to 4% interest. The plan going forward is to collaborate with those who offer the best financial solutions out there and tie the whole thing together in the Lunar Way app.” – Founder and CEO of Lunar Way Ken Villum Klausen.