Lunar
Startup · Aarhus, Denmark
Lunar is a Nordic digital challenger bank founded in Aarhus, Denmark in 2015, holding its own Danish banking licence since 2019 — the first Scandinavian challenger bank to do so. It serves over a million users across Denmark, Sweden and Norway with a full-stack app spanning current and savings accounts, Visa debit and metal cards, loans, buy-now-pay-later, stock and ETF investing and crypto trading via Lunar Block. Lunar Business extends these to SMEs, reaching 40,000 business customers by early 2026. In December 2024 Lunar spun out its banking-as-a-service arm as Moonrise, giving fintechs instant-payment access across the Danish, Norwegian and Swedish krona via a single API. Lunar has raised around €537M in total, including a €315M Series D (2021–2023) led by Aarhus family office Heartland with Kinnevik, Tencent and Seed Capital, and a €46M growth round in January 2026 with Heartland, Orbit Alliance and new investor 100A. Targeting profitability in 2026, the bank appointed former Saxo Bank deputy CEO Søren Kyhl as CEO in mid-2026, with co-founder Ken Villum Klausen moving to the board.
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