Danish challenger bank Lunar raised €210 million in a Series D funding round led by Denmark based family owned investment management firm Heartland. The round also witnessed participation from Tencent, Kinnevik and Peter Mühlmann, the founder of Trustpilot, bringing the total amount of funding raised by the fintech startup to over $370 million. Other investors in Lunar include Seed Capital, Greyhound Capital, Chr. Augustinus Fabrikker, Socii Capital, Nykredit and a few angels.
Founded in 2015 by Ken Villum Klausen, Lunar is a digital challenger bank thst offers a mobile banking app to help consumers control their personal finances.