Tag: 86 400

Having already established itself as one of the first challenger banks Down Under, 86 400 is breaking new ground with a digital home loan offering.

Australia’s newest challenger bank 86 400 has just announced investment bank Morgan Stanley is going to help it kick of a private funding round worth more than $100m.

Australians just got more banking options with 86 400 getting a licence to operate as an authorized deposit-taking institution in the country. In other words, it now has permission to operate as a bank in Oz.

The banking industry in Australia is changing. And the founder of 86 400 is at the forefront of this push.