About Lunar
Lunar is a company based in Aarhus (Denmark) founded in 2015 by Peter Andreasen and Ken Villum Klausen. It operates as a Subscription Services, Freemium, and FinTech. Lunar has raised $725.75 million across 12 funding rounds from investors including Tencent, Heartland Payment Systems and Fuel Ventures. Lunar has completed 2 acquisitions, including Instabank and Paylike. Lunar offers products and services including Free Account and Digital Card, SAS EuroBonus Card, Invest, and Lunar Block Crypto. Lunar operates in a competitive market with competitors including Northmill, Sbanken, Bank Norwegian, Aprila Bank and Instabank, among others.
- Headquarter Aarhus, Denmark
- Founders Peter Andreasen, Ken Villum Klausen
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Lunar Bank A/S
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Products & Services of Lunar
Lunar offers a comprehensive portfolio of products and services, including Free Account and Digital Card, SAS EuroBonus Card, Invest, and Lunar Block Crypto. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A free account with digital card is provided.
Rewards on daily spending are earned through this card.
Investment in stocks and ETFs is made accessible.
Crypto trading is facilitated on a Danish platform.
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Product Management Team
14 people
Leadership Team
8 people
Creative and Marketing Team
8 people
Software Development Team
8 people
Sales and Marketing
8 people
Human Resources and Administration
7 people
Senior Team
6 people
Head Team
5 people
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Funding Insights of Lunar
Lunar has successfully raised a total of $725.75M across 12 strategic funding rounds. The most recent funding activity was a Series D round of $54.58 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series D — $54.6M
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First Round
First Round
(13 Jul 2015)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2026 | Amount | Series D - Lunar | Valuation |
investors |
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| May, 2024 | Amount | Series D - Lunar | Valuation |
investors |
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| Sep, 2022 | Amount | Series D - Lunar | Valuation | Tencent , IDC Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lunar
Lunar has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tencent, Heartland Payment Systems and Fuel Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech startups are funded by IDC Ventures venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors by Kinnevik.
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Founded Year | Domain | Location | |
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Investments are directed by Heartland Ventures toward Midwest tech firms.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lunar
Lunar has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Instabank and Paylike. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Internet first bank
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2016 | ||||
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Payment acceptance solution for businesses
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lunar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lunar Comparisons
Competitors of Lunar
Lunar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Northmill, Sbanken, Bank Norwegian, Aprila Bank and Instabank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth data is aggregated and lending is provided for businesses.
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| domain | founded_year | HQ Location |
Digital bank for consumers and businesses
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| domain | founded_year | HQ Location |
Digital bank for individuals
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| domain | founded_year | HQ Location |
Online platform for invoice financing
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| domain | founded_year | HQ Location |
Internet first bank
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lunar
Frequently Asked Questions about Lunar
When was Lunar founded?
Lunar was founded in 2015.
Where is Lunar located?
Lunar is headquartered in Aarhus, Denmark.
Who is the current CEO of Lunar?
Ken Villum Klausen is the current CEO of Lunar. They have also founded this company.
Is Lunar a funded company?
Lunar is a funded company, having raised a total of $725.75M across 12 funding rounds to date. The company's 1st funding round was a Series D of $69.54M, raised on Jul 13, 2015.
What does Lunar do?
Lunar is established as a 100 digital bank with no physical branches, based in Denmark. Banking services are provided through a mobile app, focusing on user-friendly financial management. Various accounts and cards, including free accounts and premium plans with added benefits, are offered. Investment opportunities in stocks, funds, ETFs, and cryptocurrency trading through Lunar Block are facilitated. Travel benefits and high interest rates on savings are included in select plans. The company operates under the supervision of the Danish Financial Supervisory Authority, ensuring safety and compliance.
Who are the top competitors of Lunar?
Lunar's top competitors include Aprila Bank, Lea bank and Sbanken.
What products or services does Lunar offer?
Lunar offers Free Account and Digital Card, SAS EuroBonus Card, Invest, and Lunar Block Crypto.
How many acquisitions has Lunar made?
Who are Lunar's investors?
Lunar has 15 investors. Key investors include Tencent, Heartland Payment Systems, Fuel Ventures, Kinnevik, and IDC Ventures.