Become a Corporate Authorised Representative under Kobble's AFSL
Get to market in weeks, not years.
Kobble (Yondr Money Pty Ltd) holds Australian Financial Services Licence 545391. Businesses can operate as a Corporate Authorised Representative (CAR) under our licence and launch payment, card and wallet products in Australia without applying for their own AFSL. Most CAR appointments are finalised within 3 to 4 weeks.
Your own AFSL can take years. A CAR takes weeks.
Getting your own AFSL can take years and cost hundreds of thousands of dollars. You need lawyers, a responsible manager, a full compliance framework and a long ASIC assessment before you can take your first customer. Payments licensing reform is set to bring more payment service providers under AFSL rules, so the queue isn't getting shorter.
Time
From preparation to approval, your own AFSL can take years. A Kobble CAR appointment is typically finalised in 3 to 4 weeks.
Cost
Lawyers, compliance hires and capital requirements can run to hundreds of thousands of dollars before you earn one.
Overhead
Breach reporting, dispute resolution, audits and AFCA membership don't stop once you're licensed.
How a Corporate Authorised Representative arrangement works
We appoint your company as our Corporate Authorised Representative and notify ASIC. You then appear on the ASIC register under our licence. You run your product and your customers. You operate within the authorisations our AFSL holds. As the licensee we stay responsible for your conduct, so we oversee compliance from day one.
| Kobble handles | You handle |
|---|---|
| Holding and maintaining the AFSL | Your product, brand and customers |
| AFCA membership | Following our compliance policies |
| Compliance framework and oversight | Training your staff on those policies |
| ASIC notifications and reporting | Reporting incidents and complaints to us |
You get a compliance partner, not a rubber stamp. We work with your team from appointment onwards.
Built for payments businesses
Payment service providers
Get ahead of payments licensing reform without starting your own AFSL application.
Fintechs launching cards and wallets
Launch prepaid cards, digital wallets and stored value products under an existing licence.
International companies entering Australia
Already licensed overseas? Operate in Australia under our AFSL while you establish locally.
Businesses adding financial products
Offer cards, wallets or payments to the customers you already have.
Our licence is built for payments. We're not the right fit for fund managers, financial advisers, insurance or credit businesses.
Use the vendors that suit your product
Kobble is a licensed embedded finance platform and Mastercard principal issuer. If you want help with payments, accounts or card issuing, we're here. If you'd rather use other vendors, that's fine too. Choose the providers that best fit your product and we'll support you purely on licensing.
Licensing only
Operate under our AFSL and bring your own tech stack and vendors.
Licensing platform
Operate under our AFSL and launch on Kobble's infrastructure.
From first call to appointed in 3 to 4 weeks
- 01
Intro call
Tell us what you're launching. We confirm whether our authorisations cover it.
- 02
Eligibility and due diligence
We review your business, directors and ownership.
- 03
CAR agreement
We agree terms and sign.
- 04
Appointment
We appoint you as our CAR and notify ASIC.
- 05
Launch
You go to market under our licence.
Timing depends on how quickly we receive your due diligence documents.
Frequently asked questions
What is a Corporate Authorised Representative?
A Corporate Authorised Representative (CAR) is a company authorised by an AFSL holder to provide financial services on its behalf. The CAR doesn't need its own licence. It operates within the licensee's authorisations and is listed on ASIC's register under that licence.
Do I need an AFSL to launch a payments product in Australia?
In most cases, yes. A product that lets customers make non-cash payments, such as a prepaid card or digital wallet, generally needs an AFSL or authorisation under one. Some exemptions apply, so get advice on your specific product.
How long does it take to become a Kobble CAR?
Most CAR appointments are finalised within 3 to 4 weeks of the first call. The main variable is how quickly we receive your due diligence documents.
How much does it cost?
It depends on your product and the authorisations you need. We'll give you a quote after the first call.
What does Kobble need from me?
Company details, director and shareholder identification, a description of your product and business model, and your compliance arrangements.
Can I use my own technology?
Yes. Becoming a Kobble CAR doesn't require you to use our platform. Use the vendors that best fit your product and we'll support you on licensing.
Can I use Kobble's platform as well?
Yes. Kobble is a Mastercard principal issuer and Banking-as-a-Service platform. You can launch cards, wallets, accounts and payments on our infrastructure under the same relationship.
Can international companies become a Kobble CAR?
Yes. We work with overseas companies launching in Australia. You'll need an Australian company, or a foreign company registered with ASIC, to be appointed.
Can I move to my own AFSL later?
Yes. Many businesses start as a CAR and apply for their own licence once they have scale. Operating as a CAR first gives you a compliance track record to build on.
I'm already an authorised representative. Can I move to Kobble?
Yes. If your current licensee is exiting, changing its authorisations or no longer fits your product, we can take you through the same due diligence and appointment process. Most moves are finalised within 3 to 4 weeks.
How do I check Kobble's licence?
Kobble operates under AFSL 545391, held by Yondr Money Pty Ltd. You can confirm it on the ASIC Professional Register.
Talk to our licensing team
Tell us what you're launching. We'll tell you whether our licence covers it and what the next 3 to 4 weeks look like.