Lunar, the Nordic challenger bank, is reportedly expanding its offering with Lunar Youth, a banking app for younger consumers aged 7-17.
This launch strengthens Lunar’s aim to become a full-service bank in the Nordics, providing “a seamless financial experience for families to engage with money while meeting the needs of a new generation.”
Lunar Youth is a new banking app designed “for kids and teens, linked to their parents’ accounts.”
It provides a fun, safe, and intuitive way to “explore digital money management, helping young users build real-life financial habits while parents maintain oversight.”
Ken Villum Klausen, founder and CEO of Lunar said:
“Kids today grow up in a world where money is mostly digital—whether it’s tap-to-pay, in-app purchases, or subscriptions. Lunar Youth is a natural next step in our journey towards becoming the go-to digital bank for all life stages. It’s about giving kids and teens a safe, fun, and practical way to engage with money—together with their parents.”
Villum Klausen said:
Everyday habits, open conversations, and real-world experiences shape how kids develop healthy financial habits. As a bank, we have a role to play too. We’re building a digital bank for a digital generation—giving kids the tools to explore, learn, and build confidence in managing money, step by step, in a safe environment.”
While Lunar initially gained traction among younger digital-savvy users, reaching almost one million users “across the Nordics, its growth in more mature segments has been part of a long-term strategy.”
The introduction of Lunar Youth strengthens Lunars’ position “as a bank tailored to fit users’ lifestyles and everyday financial needs.”
Villum Klausen explains:
“We’ve been around for nearly a decade, and the customers who joined us in the early days have grown up with us—many of them now becoming parents themselves. Lunar Youth isn’t just about kids; it’s about continuing to be the go-to bank for our users as they move through different life stages—whether they’re opening their first account as teenagers or helping their own children take their first financial steps.”
This launch also reinforces Lunar’s position as a digital bank in the Nordics.
With over 2,5 million kids and teens in this age group across the region, Lunar Youth aims “to fill a gap in the market, offering a practical and engaging way for kids to understand digital spending, while parents stay in control.”
Safety and parental controls Lunar Youth is “built with safety in mind.”
It offers a range of parental controls, including “spending limits, transaction monitoring, and category restrictions.”
These features ensure that kids can “explore financial independence within a secure environment, giving parents peace of mind.”
As covered, Lunar is a digital challenger bank dedicated to simplifying and enriching people’s financial lives by “creating the best everyday bank in the Nordics.”
Founded in Aarhus, Denmark, Lunar employs around “400 people across the Nordic region. In 2019, Lunar received its banking license and has since become one of the few banks with a Nordic banking platform.”
Today, more than 950,000 private and business customers across the Nordics reportedly use Lunar.