Announced
Completed
Financials
Sources
Tags
Completed
neobank
Single Bidder
Minority
Banks
Private
Private Equity
Friendly
Acquisition
Denmark
Cross Border
Venture Capital
Synopsis
Heartland, a family-owned investment company, led a €210m ($249m) Series D round in Lunar, a Danish digital challenger bank, with participation from European growth investor Kinnevik and Chinese tech giant Tencent. The capital from the Series D financing round will enable Lunar to double down on its Nordic expansion plans and to fund further acqusitions, following its April takeover of Swedish consumer lending and peer-to-peer savings platform Lendify.
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