Lunar’s Banking Services processes over 10,000 transactions daily and has a transaction volume run rate of €5bn. Credit: MT.PHOTOSTOCK/ Shutterstock.

Nordic challenger bank Lunar has transitioned its Banking Services division into a new standalone entity named Moonrise.  

This is in line with Lunar’s aim to scale its operations and capitalise on the Banking-as-a-Service (BaaS) market in the Nordics and beyond. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Moonrise aims to streamline financial connectivity for payment businesses, offering seamless operations across Denmark, Norway, and Sweden through a unified API.  

Lunar Banking Services’ daily transaction processing volume is more than 10,000, with a transaction volume run rate of €5bn($5.3bn) that marks a fivefold growth since June 2024. 

Moonrise is built upon Lunar’s established infrastructure. 

The platform is designed to enable payments businesses, banks, and fintechs to scale their operations effectively, aiming to foster innovation the financial ecosystem in the Nordics.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Lunar founder and CEO Villum Klausen said: “By taking the first step towards a dedicated focus through a separate entity, we can sharpen our focus on enterprise payments, scale faster, and ensure both Moonrise and our retail banking arm thrive independently. This is about meeting growing market demand from challenger banks and fintechs alike while driving meaningful transformation in the Nordic financial ecosystem.” 

He further added: “The Nordic market is extremely profitable yet difficult to access. For decades, it has been dominated by the same players operating in a stale system. Moonrise is here to change that. By breaking down these barriers, we enable international fintechs and banks to access the Nordics.”  

Since its inception in 2023, it is said thatLunar’s Banking Services has witnessed interest from international challenger banks and fintechs, leading to alliances with 14 companies, including Saldo Bank, Trustly, TrueLayer, PPRO, and Currencycloud, a company owned by Visa.