NextGen Nordics: Lunar secures €70 million in fresh funding

finextra.com:

NextGen Nordics will bring together multiple stakeholders – the banking community, central banks, public authorities and trade and business beneficiaries – to generate community discussion, explore the benefits and offer practical advice on activating the opportunities of new technologies in the Nordic region. Register for the event here.

Neobank Lunar secures €70 million in fresh funding

Danish neobank Lunar has raised €70 million in capital while it prepares for the launch of its new crypto trading and B2B payments products. This funding round is a top-up to the bank’s €210 million Series D in July 2021. The firm has now raised €345 million in total and now commands a valuation just shy of €2 billion.

“The new funding will enable us to keep momentum in our Nordic expansion,” said Ken Villum Klausen, founder and CEO of Lunar. “In the first months of 2022 we launched our new Nordic crypto platform, enabled our business customers to accept and track card payments in their webshop, and we anticipate M&A activities to complement our Nordic offering.”

Their new crypto platform will allow users to trade and cash out Ethereum, Cardano, Polkadot and Dogecoin in the Lunar app.

Visa acquires Tink

Visa announced this week it has completed the acquisition of the Swedish open banking platform Tink. Tink is already integrated with more than 3,400 banks and financial institutions across Europe.

“Digital tools are driving the new economy, and the combination of Visa and Tink will support greater choice and quality of digital money services as the lines between commerce, financial services and payments continue to converge,” said Charlotte Hogg, CEO of Visa Europe.

Daniel Kjellén, CEO and co-founder of Tink, added: “Visa will help Tink