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  </p>
  <ul>
    <li>
      <p>
        Lunar, a Danish neobank offering banking services to individuals and businesses via a mobile app, raised EUR 24.1 million (~USD 25.7 million) in a funding round with participation from its existing investors. The company's total funds raised now stand at USD 510 million.
      </p>
    </li>
    <li>
      <p>
        The funds will bolster Lunar&rsquo;s capital position and expand its services across the Nordics. Additionally, the company is preparing to expand its services in Sweden to a full-service bank.
      </p>
    </li>
    <li>
      <p>
        This funding comes after Lunar failed to acquire local lender Instabank for EUR 132 million (~USD 140.7 million) in 2022 due to its inability to meet the capital requirements. As a result, legal proceedings followed, and Lunar is currently reinforcing its capital while awaiting the next steps.
      </p>
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  </ul>
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  <p>
    <a href="https://www.finextra.com/newsarticle/44072/lunar-raises-eur241m">
      FinExtra
    </a>
  </p>
</div>


Neobanks

<div>
 
 <p>Lunar, a Danish neobank, has raised approximately USD 25.7 million in a funding round, bringing its total funds raised to USD 510 million. The funding was contributed by its existing investors and will be used to strengthen the company's capital position and expand its services across the Nordic countries. Lunar also plans to become a full-service bank in Sweden.</p>
 <p>This funding is particularly significant as Lunar previously failed to acquire the local lender Instabank due to insufficient capital. The failed acquisition, worth around USD 140.7 million, led to legal proceedings. As a result, Lunar is bolstering its capital reserves while it anticipates the next steps in the proceedings.</p>
 
</div>

Lunar raises EUR 24.1 million in funding to sustain growth

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

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<div>
 <p>UK-based TrueLayer, an open banking platform, has partnered with Denmark-based Lunar, a neobank offering banking services to individuals and businesses, to enhance its account-to-account payment services across the Nordic region.</p>
 <p>Through this partnership, TrueLayer intends to expand coverage of its account-to-account payment capabilities, leveraging Lunar's payment infrastructure to gain access to domestic payments across Denmark, Sweden, and Norway.</p>
</div> <p><b>Analyst QuickTake: </b> Today’s partnership news comes nearly six months after TrueLayer <a href="https://sp-edge.com/updates/18874"> partnered with Airwallex </a> to leverage its localized infrastructure for supporting global payments.</p>

TrueLayer partners with Lunar to expand account-to-account payments across Scandinavia

<div>
 
 <p>Lunar, a Danish neobank, has partnered with TrueLayer to enhance TrueLayer's instant payment abilities across Denmark, Sweden, and Norway. TrueLayer will integrate with Lunar's payment infrastructure to offer its instant account-to-account capabilities in the Nordic region. This partnership allows merchants to provide enhanced payment experiences to their consumers. Lunar is one of the few banks with Nordic banking infrastructure and clearing permits in Denmark, Norway, and Sweden. As a result, they can offer access to cross-border payments and clearing services in the region to third parties.
 
</div>

Lunar partners with TrueLayer to enhance instant payment services across Nordic region

DISRUPTOR_PRESENT

The CEO of Danish neobank, Lunar, has denied rumors of a potential merger with Monzo. Lunar currently serves both individuals and businesses and has over 750,000 customers in Denmark, Sweden, and Norway. The company plans to expand its services to Finland next year.

All Updates

Lunar raises EUR 24.1 million in funding to sustain growth

TrueLayer partners with Lunar to expand account-to-account payments across Scandinavia

Lunar partners with TrueLayer to enhance instant payment services across Nordic region

Danish neobank Lunar dismisses rumored merger with British counterpart Monzo

Monzo considers merger with Danish neobank Lunar for European expansion

Lunar raises USD 38 million in funding

Lunar announces plans to acquire Instabank for EUR 132 million

Lunar bags EUR 70 million extension to Series D; launches crypto trading and B2B payment services

Lunar raises undisclosed amount from Will Ferrell

Lunar expands into payment services by acquiring Paylike