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Digital Bank Lunar Raises $76M

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Digital bank Lunar has closed a $76 million (€70 million) Series D-2 funding round, the Scandinavian company said in a blog post Friday (March 11).

Lunar said the latest round brings its Series D funding to $307 million (€280 million) and will help it continue to expand across the region.

Ken Villum Klausen, the company’s founder and CEO, says the funding comes amid a busy time for Lunar.

“In the first months of 2022 we launched our new Nordic crypto platform and enabled our business customers to accept and track card payments in their web shops, and we anticipate M&A activities to complement our Nordic offering,” he said.

Lunar began as a personal finance management solution for consumers and businesses but has evolved to provide those customers with payments, banking and investment services.

It has also recently launched a blockchain division and a crypto platform in what it says is an attempt to provide Nordic customers with easier crypto trading.  Lunar Crypto lets users buy and sell bitcoin, Ethereum, Cardano, Polkadot and Doge through the Lunar app.

“It’s a…

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