The Danish banking project Lunar has attracted additional investments and plans to open its own platform for the sale of cryptocurrencies and b2b payments.
Lunar’s new funding round was a continuation of last year’s investment series D. Last summer, neobank Lunar attracted investments in the amount of €210 million for the development of cryptocurrency projects. A total of €345 million was raised, which allowed Lunar’s capitalization to approach €2 billion.
The Danish neobank has a client base of around 500,000, with €1.3bn in deposits spread across branch networks in Denmark, Sweden and Norway. In the near future, Lunar plans to open a representative office in Finland.
The number of neobank clients using business banking as their main sales channel has increased by 30% over the past year and reached 15,000 business accounts. Lunar aims to offer this category of customers a one-stop service by integrating traditional banking and crypto-currency operations.
“For any e-commerce, it is very important to accept online payments quickly and easily and provide customers with the opportunity to pay in different ways. By building this solution into our business account, we are empowering new online store accounts from day one,” said Lunar CEO and Founder Ken Villum Klausen.
For the sake of Scandinavian clients, it is planned to additionally invest in the creation of its own trading platform for trading digital assets and b2b payments. After the implementation of the program for the transition to crypto trading, the bank’s clients will have access to operations in BTC, ETH, ADA, DOT and DOGE.
In 2021, TP ICAP, Fidelity Investments and Standard Chartered teamed up to launch an institutional platform for trading cryptocurrencies, and Binance was seen looking to diversify its revenues and introduce cryptocurrencies into the real economy
