Lunar Jacks Up $77 Million, Rolls Out Trading Platform For Cryptocurrency

Lunar, a Danish fintech startup, has piled up $77 million in a series D-2 funding round, reaching a total valuation of $2 Billion after the raise.
Alongside it, the organization rolled out its cryptocurrency trading platform, which supports acquisition and selling of Doge, Polkadot, Cardano, Ethereum, and Bitcoin.
Organization has also created a blockchain division. This is because of fact that future of money is associated with metaverse, Web3, and technology.

Fundraiser and Unveiling Digital Asset Trading Platform

One of the mammoths in Nordics, Lunar, is declaring growth funding alongside a couple of latest services to constantly fill out its aspirations of offering an all-in-one solution for folks.

The startup has gathered $77 Million, which caused its valuation to cross $2 Billion. Alongside this news, its release of cryptocurrency trading platform as well as B2B transaction system for small and medium business clients.

New facilities join an inflating list of offerings for its clients. Lunar possesses a full banking license, and it provides deposit as well as checking accounts; loans as well as other credit facilities such as purchase now, pay later; fund, ETF, and stock investing for clients; additionally business accounts, loans, and monetary management for small and medium businesses.

This new investment is an expansion to the organization’s Series D, which had an initial close for $229 Million in July the previous year and is currently closed at $306 Million. This newest tranche has former supporters in it, but maybe more noteworthily, it also has a celebrity in it: Will Ferrel, yes that’s right, The Legend Of Ron Burgundy.

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Will Ferrell Will Fuel Lunar

Iconic comedian Will Ferrell well known for The Anchorman: Legend of Ron Burgundy, is involved in a portion of Lunar.

When asked why Will Ferrell? Lunar’s CEO and founder, Ken Villum Klausen, stated that comedian is huge in Nordics, not only because of his fame in “Eurovision” movie, or fact that the actor married a Swedish woman but because his life and funny ethos appear to be mixed well in popular culture and broad demographic swath which Lunar is aiming.

Lunar is still stuck in the middle of rolling funding process. It is already raising its Series E, which is anticipated to close in May in 2022 at an even increased valuation.

This new valuation, at $2.25 Billion, looks to be initially those numbers that were openly discussed.

It has now gathered $376.5 Million in sum, with other previous investors involving Chr. Augustinus Fabrikker, Socii Capital, Greyhound Capital, and Seed Capital.

One cause for Lunar’s swift funding pace is the fact that it is evolving swiftly and is holding the hammer, waiting for iron to get hot. When it piled initial tranche of Series D, it had 325,000 clients.

That sum has escalated to 500,000 across a footprint which involves Denmark, Norway, and Sweden. Strategy is to double down on more facilities serving Nordics, which involve a release into Finland, before setting their foot into more markets in Europe and beyond.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing