Lunar raises €46m to fuel Nordic banking expansion

January 27, 2026

Nordic challenger bank Lunar, a digital full-service bank serving consumers and businesses, has announced a €46m capital increase to accelerate growth across the Nordic region.

The €46m investment will be used to scale Lunar’s fast-growing business banking offering, further develop its lending proposition, and support expansion into new Nordic markets including Norway and Finland.

Lunar has seen increasing adoption of paid subscriptions across both consumer and business segments, with its business customer base reaching 40,000 users in January.

The round was led by a combination of existing and new shareholders, highlighting continued confidence in Lunar’s strategy and execution. Existing backers Heartland and Orbit Alliance participated in the raise, alongside new investor 100A, a London-based fintech investor focused on Series A and later-stage companies.

Lunar now serves more than one million users across the Nordic region, with a steadily increasing proportion choosing paid products. In its most recent half-year results, the bank reported strong growth across both consumer and business segments.

With its own banking licence and proprietary infrastructure, Lunar also powers Moonrise, its payments and banking services platform. This infrastructure enables the company to pursue opportunities beyond traditional consumer and SME banking, while supporting faster execution and product development built around real user behaviour rather than legacy systems.

Lunar founder and CEO Ken Villum Klausen said, “We can see that our strategy is working. More users are choosing paid subscriptions, and we are seeing strong momentum in our business customer base reaching 40,000 business users in January. 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.”

Klausen added, “Banking is moving toward becoming something that operates quietly in the background. By removing friction and building systems that scale seamlessly for consumers, businesses, and partners, banking becomes more invisible and more agentic – adapting to how money is used rather than forcing users to fit the system