86 400 raises $34 million, targets $2 billion mortgage book by 2021 end
Apr08

86 400 raises $34 million, targets $2 billion mortgage book by 2021 end

Australia’s smartbank – 86 400, has closed its Series A capital raise of $34 million where the new equity was raised in March, bringing its total capital to $90 million. The funds will help further accelerate product and feature development of the bank and support its mortgage book growth. The raise, led by international investment bank Morgan Stanley includes investment from an Australian superannuation fund, fund managers, high net...

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