Lunar secures new capital to support Nordic expansion

Funding and Expansion - Lunar, a digital bank in the Nordic region, has raised €46 million ($54.8 million) in new funding to expand its business banking services and develop lending products, particularly in Norway and Finland [1] - The funding round saw participation from both existing and new investors, including London-based fintech investor 100A [1] User Base and Services - Lunar has over one million users across several Nordic countries and operates with its own banking license and infrastructure, which supports its payments platform, Moonrise [2] - The company has reached 40,000 business users as of January, indicating strong momentum in its business customer base [2] Strategic Goals - The new capital will enable Lunar to scale its consumer and business banking operations while increasing its presence in the Nordics, with a focus on achieving profitability by 2026 [3] - The introduction of Lunar Youth, a banking app for customers aged seven to 17, demonstrates the company's commitment to catering to younger users [4]