LLunar is a digital banking app serving personal and small business customers in the Nordic region. It provides money-management tools like spending tracking, budgeting, and savings, all through an intuitive mobile interface. Lunar also offers Lunar Invest, a feature that lets users invest in brands with ease. The app operates on a freemium model: core features are free with optional premium plans and paid transaction/investment services. Revenue comes from premium subscriptions, transaction fees, and investment services. Unlike traditional banks, Lunar focuses on a digital-first experience for tech-savvy users and small businesses, with a streamlined design and integrated investment options. Its goal is to simplify money management for the digital age and become a modern banking solution tailored to the Nordic market.
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Industries
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$614.4M
Headquarters
Copenhagen, Denmark
Founded
2015
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Total Funding
$614.4M
Above
Industry Average
Funded Over
15 Rounds
Niels Lunde: Lunar has spent ten years not making money. Lunar is in crisis, while the digital competitors Revolut, Monzo and Starling have succeeded in creating a profitable bank, writes business commentator Niels Lunde. Oct. 6, 2026, at 10:16 a.m. This is a commentary - it expresses the writer's opinion. The digital bank Lunar has been hit by chaos. Again. The new CEO Søren Kyhl is out after just four months. With immediate effect. The chair of the board, Jens Peter Leschly Neergaard, says reassuringly that Lunar has several good leaders: "We have a very strong bench," he tells Finans. But anyone can see that something is seriously wrong with Lunar. So: Why... Written for businesses. By those who know them Finans quarterly Subscription for one user Unlimited access for 3 months Annual price: 5,180.- Finans annual Subscription for one user Save 680.- Unlimited access for 12 months Annual price: 4,500.- Finans business Subscription for multiple users Finans business is for companies that want a tailored solution with multiple accesses combined in one subscription. Payment options Try Finans for 30 days - and get access to all content. Order access
Headhunter: It will be difficult for Lunar to find a new CEO. Lunar's CEO stopped abruptly after four months on Wednesday. Several headhunters believe it may be difficult to find a fully adequate replacement. The board of Lunar has not been thorough enough when it hired Søren Kyhl as CEO. That is the view of several headhunters in the wake of Søren Kyhl stepping down from the post on Wednesday after only four months at the bank, which was founded in 2015. Mentioned industries: banks
Zenithon raises $10M seed. Zenithon raises $10M seed round from backers including Lunar and Seraphim to develop its AI world models for extreme physics applications. Updated October 01, 2026 Zenithon, based in London, is an AI laboratory focused on developing world models for extreme physics applications. The company has successfully raised $10 million in a seed funding round to support its research and development efforts in simulating and predicting complex physical environments. Investors. This round was backed by Lunar, Seraphim, MMC, and SOSV. Zenithon use of funds. The company plans to use the newly raised capital to fund its ongoing research push into AI world models aimed at extreme physics applications. About Zenithon. Founded in 2026, Zenithon is an AI lab dedicated to building advanced world models that can simulate and predict extreme physics, enabling new frontiers in scientific research and technical application. Funding details. Company: Zenithon Raised: $10M Round: Seed Funding Date: September 2026 Additional Investors: Lunar, Seraphim, MMC, SOSV Software Category: Artificial Intelligence Source: https://app.dealroom.co/news/note/zenithon-raises-10m-seed-for-extreme-physics-ai-world-models Updated October 01, 2026
The CEO of Lunar resigns: "The next phase calls for a different management profile" The executive duo at the loss-making internet bank is ready to take over after Søren Kyhl's exit. Sep. 30, 2026 at 10:23 Søren Kyhl resigns as CEO of Lunar. The board has instead appointed Gitte Roskær and Robert Stambro, COO and CFO respectively, to jointly assume the role of interim CEO. The board continues, as stated, the ongoing work of finding a permanent CEO. Written for companies. By those who know them Finans Quarterly Subscription for one user Unlimited access for 3 months Annual price: 5,180.- Finans Annual Subscription for one user Save 680.- Unlimited access for 12 months Annual price: 4,500.- Finans Business Subscription for multiple users Finans Business is for companies that want a tailored solution with multiple accesses gathered in one subscription. Payment options Try Finans for 30 days - and get access to all content. Order access
London-based AI lab Zenithon has raised $10 million from Backed, Lunar, Seraphim, MMC and SOSV. The company is developing world models for extreme physics. World models are AI systems that learn to simulate and predict how environments behave, allowing machines to understand physical dynamics and plan actions accordingly.
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Industries
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$614.4M
Headquarters
Copenhagen, Denmark
Founded
2015
Find jobs on Simplify and start your career today