Lunar, a Daniosh neobank, has raised €70 million in new capital to prepare for the launch of new crypto trading and business-to-business payments products. The new funding round follows the Nordic challenger's €210 million Series D funding round in July of last year. The firm has now raised a total of €345 million and is valued at just under €2 billion. 

Lunar currently has 500,000 customers and €1.3 billion in deposits spread across Denmark, Sweden, and Norway, with plans to expand into Finland. The company's expansion into business banking is also gaining momentum, with 15,000 customers on board and new payment services on the way. 

"The additional capital will enable us to maintain momentum in our Nordic expansion," says Ken Villum Klausen, Lunar's founder and CEO. "We launched our new Nordic crypto platform in the first months of 2022, enabling our business customers to accept and track card payments in their webshops, and we anticipate M&A activity to bolster our Nordic offering." 

Users can trade and cash out bitcoin, ethereum, cardano, polkadot, and doge in the Lunar app. 

"It's inconvenient for Nordic consumers to use multiple platforms for their needs, and we're excited to integrate cryptocurrency into our universe of banking, payments, and investments," Klausen says. 

"Money's future is embedded in the web3, in the metaverse, and wherever you need it. We will investigate how both cryptocurrency and blockchain technology can help our customers move to the next level of payments and banking with Lunar Block."