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86400 Ltd

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86400 Ltd
Unlisted public company
Traded as86 400
ISIN🆔
IndustryBanking, Financial services
Founded 📆2017
Founder 👔
Headquarters 🏙️Sydney, Australia
Area served 🗺️
Australia
Key people
Members
Number of employees
110[1]
🌐 Website
📇 Address
📞 telephone

86 400 is a neobank based in Sydney, Australia.[2] It is chaired by Anthony Thomson,[3] former founder and chairman of Atom Bank and Metro Bank in the UK.[4] Its name comes from the number of seconds in a day.[5]

On 18 July 2019, 86 400 received a full banking licence from APRA, enabling it to operate as an Authorised deposit-taking institution (ADI).[6][7][8]

86 400 launched to the general public on 10 September 2019 with a transaction and savings account.[9] It is currently the only neobank in Australia to offer home loans.[10]

References

  1. Frost, James. "Neobank with 110 staff targets $2b in mortgages". Financial Review. Retrieved 2020-07-22.
  2. Yeates, Clancy (2019-07-18). "Start-up bank race heats up as 86 400 gets APRA green light". The Sydney Morning Herald. Retrieved 2020-07-22.
  3. Thomsen, Simon (2018-06-27). "UK financial entrepreneur Anthony Thomson is launching a new digital bank in Australia". Business Insider Australia. Retrieved 2020-07-22.
  4. Smyth, Jamie; Arnold, Martin (2018-06-27). "Metro Bank founder joins digital challengers in Australia". Financial Times. Retrieved 2020-07-22.
  5. Thompson, Sarah (2019-07-22). "New retail bank 86 400 rattles tin for fresh equity". Financial Review. Retrieved 2020-07-22.
  6. Yeates, Clancy (2019-07-18). "Start-up bank race heats up as 86 400 gets APRA green light". The Sydney Morning Herald. Retrieved 2020-07-22.
  7. Boyd, Tim (2019-07-18). "CEO of newly approved bank aims at big four". Financial Review. Retrieved 2020-07-22.
  8. Moullakis, Joyce (2019-07-18). "New digital bank approved, as 86 400 gets a licence". The Australian. Retrieved 2020-07-22.
  9. Swan, David (2019-07-18). "Smart banking on the way in 86 400 launch". The Australian. Retrieved 2020-07-22.
  10. Frost, James (2020-07-09). "Neobank with 110 staff targets $2b in mortgages". Financial Review. Retrieved 2020-07-22.

External links



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