Lunar
Founded Year
2015Stage
Shareholder Liquidity | AliveTotal Raised
$580.98MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+10 points in the past 30 days
About Lunar
Lunar offers various financial services. The company provides products including personal and joint accounts, savings accounts, investment opportunities in stocks, and cryptocurrency trading, all accessible through a mobile application. It includes features like a financial assistant, debit cards, and travel benefits, serving both personal and business customers. The company was founded in 2015 and is based in Aarhus C, Denmark.
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Research containing Lunar
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Lunar in 1 CB Insights research brief, most recently on Nov 17, 2022.
Expert Collections containing Lunar
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Lunar is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,277 items
Wealth Tech
2,424 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
13,978 items
Excludes US-based companies
Digital Banking
1,153 items
Challenger bank offer digitally native banking products (checking and savings account at the most basic) and either leverage partner banks or are fully-licensed banks themselves.
Fintech 100
250 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
Lunar Patents
Lunar has filed 24 patents.
The 3 most popular patent topics include:
- nuclear physics
- nuclear fusion
- fusion power
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/31/2024 | 4/8/2025 | Grant |
Application Date | 10/31/2024 |
|---|---|
Grant Date | 4/8/2025 |
Title | |
Related Topics | |
Status | Grant |
Latest Lunar News
Jun 27, 2025
Lunar co-founder and CTO exit, in cost-cutting move Tech.eu Insights creates insight and guides strategies with its comprehensive content and reports. Browse popular Insights content. Four key executives have exited the Danish challenger bank, as it looks to shore up its finances. Danish challenger bank Lunar has been hit by a string of executive departures including its co-founder and CTO, as it looks to cut management costs and become profitable in the long term. Peter Andreasen, Lunar’s co-founder and chief information officer, and Kåre Kjelstrøm, the CTO of Lunar, have both left. The two executives are understood to have left in the past few weeks. Vibeke Bak Solok, the CEO of Lunar’s regulated entity, and Mats Persson Bergius, Lunar’s Swedish country manager and chief commercial officer, have also recently exited the challenger bank, which has over one million customers across the Nordics and was valued at around $2.2 billion in 2022. Confirming the departures, Ken Villum Klausen, Lunar’s CEO and co-founder, said: “These changes reflect a deliberate shift as we move from a phase of rapid growth and expansion into one of operational maturity and profitability. “With that shift comes new demands on the business, and naturally, on the leadership team as well. “As part of this transition, we’ve also decided to move to a smaller, more agile management team. That includes streamlining roles and responsibilities, which is why we no longer have a separate CEO for our regulated entity — that structure is no longer needed in our setup.” Lunar is understood not to be currently full-year profitable. According to reports in Danish media, Lunar has also recently laid off an unknown number of employees in its bid to turn a profit. It also reportedly sold off virtually its entire loan portfolio last year. Lunar’s backers include Heartland, Kinnevik, Tencent, IDC Ventures and comedian Will Ferrell. Lunar said replacements were already underway for the executives.
Lunar Frequently Asked Questions (FAQ)
When was Lunar founded?
Lunar was founded in 2015.
Where is Lunar's headquarters?
Lunar's headquarters is located at Hack Kampmanns Plads 10, Aarhus C.
What is Lunar's latest funding round?
Lunar's latest funding round is Shareholder Liquidity.
How much did Lunar raise?
Lunar raised a total of $580.98M.
Who are the investors of Lunar?
Investors of Lunar include Kinnevik, Leading European Tech Scaleups, SEED Capital, Greyhound Capital, Socii Capital and 17 more.
Who are Lunar's competitors?
Competitors of Lunar include Kompasbank, Totalbanken, Karat, Tandem, Skjern Bank and 7 more.
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Compare Lunar to Competitors
Bankdata is a technology company in the financial sector, focusing on developing financial infrastructure solutions. The company provides software that supports banking activities for individuals and businesses, while ensuring the security and reliability of financial services. Bankdata primarily serves the banking industry, offering products that enhance user interfaces and accessibility for digital banking services. It was founded in 1966 and is based in Fredericia, Denmark.
Nordax is a European specialist bank operating in the financial services industry, providing solutions that complement major banks. The company offers consumer loans, credit cards, savings accounts, and mortgages. Nordax primarily serves individuals seeking financial products. Nordax was formerly known as Nordax Finans AB. It was founded in 2003 and is based in Stockholm, Sweden.
Bank of Aland is a financial institution that provides private banking services. The company offers a range of financial services and primarily serves customers who seek reliable banking experiences. It is based in Mariehamn, Finland.
Skjern Bank is a financial institution focused on providing a range of banking services and products. The company offers personal and corporate banking solutions, wealth management, and investment advisory services, all facilitated through a digital banking platform. Skjern Bank also emphasizes sustainable banking practices and has a customer referral program. It was founded in 1906 and is based in Skjern, Denmark.
Starling Bank is a digital bank that focuses on providing a range of banking services within the financial sector. The company offers personal and business banking solutions, including current accounts, overdrafts, loans, and money transfer services, all accessible through an intuitive mobile app. Starling Bank primarily serves individuals and businesses looking for modern, mobile-first banking experiences. It was founded in 2014 and is based in London, United Kingdom.
Kompasbank is a digital bank focused on providing financial services to small and medium-sized enterprises (SMEs) within the banking sector. The bank offers tailored financing solutions, business advisory services, and digital banking platforms to help businesses achieve their full potential. Additionally, Kompasbank provides attractive savings accounts for private individuals, contributing to the growth of Danish SMEs. It was founded in 2021 and is based in Vedbaek, Denmark.
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