Ubank / 86 400 2021
Ubank acquired 86 400 on May 1, 2021.
- Target
- 86 400
- Acquirer
- Ubank
- Announced
- May 1, 2021
- Sub-sector
- Neobank
Transaction overview
- Ubank announced the acquisition of 86 400 on May 1, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquired modern neobank platform with minimal legacy systems to accelerate innovation in deposit and home lending products.
Deal terms & multiples
Frequently asked questions
When did Ubank announce the acquisition of 86 400?
Ubank announced the acquisition of 86 400 on May 1, 2021.
What sub-sector is 86 400 in?
86 400 is tracked in the Neobank sub-sector.
Sources
- crowdfundinsider.com /2023/10/214744-australias-digital-banking-platform-ubank-to-focus-on-serving-tech-savvy-18-35-age-group/