Danish banking app Lunar Way, which touts itself as a banking platform for the "Snapchat generation", has disclosed €4.2m in seed funding. He also tells me that 85 percent of its users follow the startup on Snapchat! SEED Capital Denmark is leading the round, along with various unnamed angel investors. The company says it will use its new funding to expand into other European countries, including France, Germany, and Spain. Lunar Way hopes to update the retail banking experience with a mobile-first offering, but instead of securing its own banking licence it's partnering with banks in the countries in which it operates in a bid to get to market faster.
Danish banking app Lunar Way, which touts itself as a banking platform for the "Snapchat generation", has disclosed €4.2m in seed funding. SEED Capital Denmark is leading the round, along with various unnamed angel investors. The company says it will use its new funding to expand into other European countries, including France, Germany, and Spain. Lunar Way hopes to update the retail banking experience with a mobile-first offering, but instead of securing its own banking licence it's partnering with banks in the countries in which it operates in a bid to get to market faster.