Business
NAB buys neobank 86 400 in $220m deal – Sydney Morning Herald
National Australia Bank is buying the neobank 86 400 as it looks to ramp up growth through its offshoot UBank, in a $220 million deal that it says will enhance…
National Australia Bank is buying out the neobank 86 400 as it looks to ramp up growth through its offshoot UBank, in a $220 million deal aimed at enhancing NABs digital banking offer.
NAB says the acquisition will enhance its digital banking offer.Credit:Fairfax Media
NAB told the ASX on Friday morning it had entered into a deal to acquire all of the shares of 86 400, which was founded by payments business Cuscal, one of several start-up banks that were seen as potential future threats to the…
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