Nordic challenger bank Lunar has announced a €46 million capital increase to expand its business banking, develop its lending offerings, and support growth across the Nordics.
The funding round, led by a combination of existing and new investors, will support Lunar’s expansion into Norway and Finland, alongside scaling its business banking and lending operations.
Lunar aims to grow while pursuing profitability in 2026.
“The new capital allows us to continue scaling what already works for consumer and business banking while increasing our footprint across the Nordics. We’ve already come a long way, but we are focused on unlocking a significantly larger opportunity for Lunar while reaching profitability in 2026,”
said Ken Villum Klausen, founder and CEO of Lunar.
The round attracted interest from existing investors, including Heartland and Orbit Alliance, and introduces 100A, a London-based fintech investor focused on Series A and later-stage funding.
Klausen said the backing from existing investors “means a great deal” and that the new investor shows renewed market confidence.
Lunar currently serves over one million users in the Nordics, with a growing share opting for paid products.
Its banking licence and proprietary infrastructure also support Moonrise, its payments and banking services platform, positioning the company to expand beyond consumer and SME banking.
Featured image credit: Lunar
