SMEs can management who makes use of the cardboard and what they spend all within the Lunar app.
Picture supply: Lunar
Nordic challenger financial institution Lunar has added one other characteristic to its ever-growing product providing.
The digital financial institution has as we speak launched its first company bank card to assist entrepreneurs and companies simplify spending.
Lunar’s new card marries its present enterprise banking companies with higher money circulation administration instruments to permit companies to see all their funds in a single place.
“There’s a actual drawback in expense and funds administration that we as an account issuer can assist to unravel,” Ken Villum Klausen, founder and CEO of Lunar, stated.
“We have now a banking license that makes it potential for us to supply an all-in-one resolution for smaller companies with excessive ranges of safety. We let enterprise house owners give their crew members particular person company playing cards and provides them full management in our app-based dashboard.”
The brand new card additionally makes on-line funds simpler for SMEs and their workers as Lunar has applied two-factor authentication straight within the app.
Based in 2015, Lunar has amassed over 250,000 private clients and stays the one cloud-based digital banking platform to have secured a banking licence within the Nordics, which it did so again in 2019.
Earlier this 12 months, the digital financial institution additionally acquired Sweden’s largest mortgage market Lendify for an undisclosed sum.
The Nordic challenger financial institution is hoping to develop its shopper mortgage providing and broaden its operations in Sweden because of its buy of the choice lender.
Lunar has been steadily launching new merchandise lately, within the hopes of turning into the go-to digital banking service within the Nordics.
In December 2020, the digital financial institution launched a ‘pay later’ operate for its clients, taking up buy-now-pay-later-giant Klarna and giving its clients the power to separate all transactions into 4 instalments retroactively or postpone a fee for as much as 30 days.
Originally of November 2020, Lunar additionally took its first steps into the world of joint accounts, permitting its Premium and Professional clients to share their account with as much as ten folks within the Lunar app.
All these product launches have been made potential by the financial institution’s €40m Sequence C it closed in October 2020, taking its complete raised thus far to €104m.