Danish FinTech startup Lunar Way announced an additional €20 million in funding, representing an extension of a €26M financing round announced in 2019.
The extension round was led by Danish Seed Capital, along with Greyhound, Socii Capital, and Chr. Augustinus Fabrikker.
In conjunction with the announcement, Ole Mahrt, formerly with Monzo, will join the company’s board of directors.
The other non-executive board seats are held by Henning Kruse Pedersen, former CEO of Nykredit, Tuva Palm, former CTO at Nordnet Bank and Director at Klarna, Gary Bramall, CMO of Zoopla, and Lars Andersen, general partner at Seed Capital.
Five Year Journey
Lunar Way was founded back in 2015 by Ken Villum Klausen, who today also serves as the company's CEO.
Lunar Way provides a range of financial services including insurance, savings, budgets, loans or investments via a mobile application.
The finTech company also operates a banking licence and launched a challenger bank providing free accounts and a subscription-based service called Lunar Premium.
The company has 120 employees based in Aarhus, Copenhagen, Stockholm and Oslo, and serving 150 000 users in the Nordics.
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