12. october 2021
Being able to receive payments and have customers checkout hasslefree from your webshop are critical elements for e-commerce businesses. Now the first Nordic all-in-one payment solution emerges.
Lunar acquires payment gateway Paylike and launches a one-step checkout solution for its business customers.
Ken Villum Klausen, founder and CEO of Lunar, said:
Lunar will be the first of its kind in the Nordic market to own both sides of the payment network. The value for the consumers is fast, easy and secure payments, and e-commerce will benefit from only having to use one provider across banking and payments, better conversion and lower transaction costs.
Lunar acquired Paylike, the Danish-based and modern full-stack payment platform, which operates in all of Europe and handles a >100m EUR transaction volume a year.
Lunar gains a gateway that will make it possible for Lunar’s business customers to receive payments from their customers without having to use an intermediary.
The addition of Paylike will bolster Lunar’s existing business banking offering to meet the needs of its growing customer base. Today more than 50% of all newly started businesses apply for a business account in Lunar’s home market.
Lars Bo Thomsen, co-founder and COO of Paylike, said:
Details of the transaction were not disclosed.
On top of the acquisition of Paylike, Lunar launched Lunar Checkout.
Utilising the full potential of its banking license and in-depth knowledge of the customers, Lunar built a seamless and secure account payment method for shopping online. All the user needs to do is type in her phone number and swipe to approve the payment without any additional information.
In July, Lunar announced its €210 million Series D funding round led by Heartland. Other investors included Kinnevik and Tencent.
The new investment was secured following a rapid acceleration in growth from both p and business customers. Lunar now serves more than 350,000 consumers and businesses across the Nordics.
With Lunar you get a black Visa card, an account and a banking app far from the ordinary. It's all for free and you don't even need to switch banks.
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