Danish fintech startup Lunar raised €70 million in a Series D-2 funding round and launched a platform for trading cryptocurrencies.
The round was led by Heartland with participation from Kinnevik, Tencent and IDC Ventures. The total amount raised in the Series D to date reached €280 million.
Lunar said it would deploy the raised funds to diversify its business in B2B payments and in mergers and acquisitions activity.
The launched crypto-trading platform supports the purchase and sale of Bitcoin, Ethereum, Cardano, Polkadot and Doge via the Lunar app. The solution is designed to simplify Nordic users’ access to digital assets, the company said.
The firm has also formed a blockchain division. This is because the future of money is closely linked to technology, Web 3.0 and the metaverses, CEO Lunaг Ken Willum Klausen explained.
“With Lunar Block, we will explore how crypto- and blockchain technologies can help our clients take their payments and banking to the next level,” he said.
Earlier this year, Danish authorities announced changes to tax legislation for the accounting of cryptocurrency transactions.
The country’s largest bank Danske Bank said that does not intend to hinder customer interactions with digital asset services.