Lunar Co-Founder Exits CEO Role After 11 Years
Hey Digital Banking Fanatic!
The co-founder of Danish digital bank Lunar is stepping down as CEO after more than ten years.
Ken Villum Klausen, Lunar co-founder and CEO, who has led Lunar since its founding in 2015, said the timing “feels right” to stand down.
Lunar, which has raised over €500m in funding, has over one million customers. It has expanded from its native Denmark across the Nordics. As well as its retail offering, it has over 40,000 business customers.
He is being replaced by Søren Kyhl, who spent 10 years at Danish investment bank Saxo Bank, latterly as deputy CEO, and over 13 years at Danske Bank, the Danish multinational bank.
In 2022, Lunar launched its Lunar Block in-app crypto platform in 2022, allowing users to buy and sell crypto coins directly. In October last year, Lunar secured a crypto licence under the EU’s MiCA regulation.
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🇩🇰 Lunar co-founder Ken Villum Klausen is stepping down as CEO after more than a decade leading the Nordic digital bank. He will be succeeded by former Danske Bank and Saxo Bank executive Søren Kyhl as Lunar enters its next phase of growth across the Nordic market.
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