Neobank 86 400 closes Series A capital raise, taking total to $90m
By Loren Webb · 16 April 2020 · Media Releases
By Loren Webb · 16 April 2020 · Media Releases
Australian fintech 86 400 makes a major move, but what does it mean for the future of banking? Read on to find out how this significant capital raise will shape the industry.
Australian neobank, 86 400, has closed its Series A capital raise. $34m of new equity was raised in March, bringing its total capital to $90m. The funds will help further accelerate product and feature development and support mortgage book growth. The raise, led by international investment bank Morgan Stanley, is one of the largest Australian fintech […]