Mandate

Vinge advises Lunar in connection with the transfer of all customer relationships within its P2P business to SaveLend

April 11, 2023 Financial Regulatory M&A

Vinge advises Lunar Bank A/S in connection with the transfer of all customer relationships with investors and lenders within its P2P business and related trademark and domain names to SaveLend Group AB’s subsidiary SBL Finans AB (publ).

The transfer includes approximately 17,000 active investors, 7,000 active borrowers and an invested capital of approximately MSEK 450. Lunar has operated its P2P business since 2021. In order to streamline its business, Lunar has actively been looking for a new home for its P2P customers, both investors and borrowers. Through the transaction, all customer relationships will as of closing be taken over and managed through SaveLend Group’s own platform and customer service team. 

Completion is subject to the approval of the Danish Financial Supervisory Authority.

Vinge’s team mainly consisted of Filip Öhrner, Robin Fagerström (M&A) and Caroline Krassén (Financial Services).

 

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