Compare Anna and Lunar

How do Anna and Lunar compare?

Anna and Lunar are two innovative mobile banks that aim to revolutionize the way we handle our finances.

Anna, short for Absolutely No-Nonsense Admin, is a UK-based digital bank primarily targeting small businesses and freelancers. It offers a wide range of features such as invoicing, tax reminders, payment tracking, and categorizing spendings – all designed to make administrative tasks less daunting. Synchronization across different business apps and software and the integration of AI technology make financial management more efficient. Anna allows generous flexibility in its operation with its Pay-As-You-Go plan, it charges customers based on their monthly incoming payments. However, all banking services are currently only available in the UK.

On the other side, Lunar is a Nordic-based mobile bank, targeting a broad audience from young adults to families and businesses. Lunar focuses on personal financial management, offering budget tools, unique saving features like “Save When You Spend” and investment opportunities alongside the basic banking services like current accounts, payment cards, and loans. Lunar separates itself from its competitors through digital features tailored to streamline its users' financial journeys, such as Go Pro plan that enables users to separate personal and business expenses or safety nets to prevent overdrafts. The bank recently expanded to physical offices in Nordic countries while further developments are expected in the future.

Comparatively, while both banks have unique features, Anna stands out with its specific focus on supporting small businesses and automating administrative tasks, and Lunar offers more personal financial management services for individuals. Anna is ideal for UK-based businesses looking for a mobile bank that can understand and meet their administrative needs, while Lunar is more well-rounded, providing personal financial management tools alongside banking services primarily for Nordic regions. Both banks offer a modern, user-friendly interface, demonstrating the increasing capability of fintech in advancing the financial industry.