86 400 planning to raise capital.
BANKING AND CREDIT NEWS-July 10, 2020--86 400 planning to raise capital
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 10 July 2020
Challenger bank, 86 400, has announced plans to raise capital from a Series B round.
The Australian challenger bank is said to be working with investor Morgan Stanley (NYSE: MS) to raise the capital. Three months ago, the firm raised AUD34.5m in a Series A round.
The start-up, considered to be one of the first challenger banks in Australia...
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