BDM Wealth Management named advisor to UK neobank Lunor Pay

Dubai-based BDM Wealth Management has been appointed corporate advisor to Lunor Pay Ltd, a UK neobank founded by Corey Payne. The deal gives Lunor Pay structuring and advisory support as the digital banking startup prepares for its next phase of growth.

Why it matters: - The appointment gives Lunor Pay dedicated corporate structuring support as the UK neobank works to scale its app-based banking and payments business. - The deal reflects a broader trend in fintech of startups relying on specialist advisory firms for growth-stage support.

What happened: - BDM Wealth Management was appointed corporate advisor to Lunor Pay Ltd after the two firms signed a formal advisory agreement. - BDM Wealth Management is a capital markets advisory firm headquartered in Dubai. - Lunor Pay is a United Kingdom-based neobank founded by Corey Payne. - The firms said the advisory relationship will support Lunor Pay's next stage of growth.

The details: - BDM Wealth Management will provide corporate structuring and advisory services under the agreement. - The engagement also covers documentation and advisory coordination across the financial services sector. - Lunor Pay was established to offer app-based banking and payment services to consumers and businesses in the United Kingdom. - Corey Payne leads Lunor Pay's product and commercial development. - BDM Wealth Management operates from Dubai with team coverage in London and Norway. - The firm advises businesses across early-stage and more established company phases. - BDM Wealth Management is a trading name of Black Duck Consultancy. - Lunor Pay said bringing in an experienced advisory partner allows Corey Payne to focus on product development and customer service. - Mark Johnson, director of international business development at BDM Wealth Management, said Lunor Pay fits the kind of business the firm's advisory process is built to support.

Between the lines: - The appointment suggests Lunor Pay is moving from startup mode toward a more formalized corporate structure ahead of expansion. - The use of a specialist advisor may help the neobank handle documentation, governance and planning while its internal team focuses on product execution. - The announcement frames the relationship as strategic support rather than a product launch or commercial transaction.

What's next: - BDM Wealth Management and Lunor Pay said the working relationship will focus on positioning the neobank for planned growth. - Lunor Pay is expected to continue building its product and serving customers as the advisory work begins. - The companies did not disclose financial terms or a timetable for the next phase.

The bottom line: - BDM Wealth Management is now part of Lunor Pay's growth setup, adding corporate advisory firepower as the UK neobank prepares to scale.