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Nordic Fintech Lunar Raises $77M, Builds Crypto Trading Platform
Users will be able to trade bitcoin, ether, DOGE, ADA and DOT.
Updated May 11, 2023, 6:00 p.m. Published Mar 10, 2022, 12:55 p.m.
Nordic neobank Lunar raised $77 million at a $2 billion valuation and unveiled a crypto trading platform.
- Users are able to trade bitcoin , ether , DOGE, ADA and DOT at the platform's launch.
- Lunar's aim is to make crypto trading "hassle-free" for Nordic customers, the firm said Thursday. Where users would currently have an account with a crypto exchange separate from their bank account, Lunar is looking to offer banking and crypto under one roof.
- The Aarhus, Denmark-based fintech already offers checking accounts, loans and borrowing services, investments in stocks and funds and business accounts for small and medium enterprises.
- The $77 million funding round is an extension of Lunar's $232 million Series D from July last year, which gave the company unicorn status.
- The firm last month unveiled actor Will Ferrell as an investor. Lunar also developed a promotional video featuring the Anchorman and Elf star.
Read more: French Fintech Lydia Attains Unicorn Status With $100M Series C Funding
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The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
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