# Kobble

> Kobble is Australia's only AFSL-licensed Banking-as-a-Service (BaaS) platform, so companies can launch card programs, accounts, wallets, and payments in weeks — no financial services licence required.

Kobble operates under Australian Financial Services Licence (AFSL) 545391 held by Yondr Money Pty Ltd, and is a Mastercard Principal Issuer in Australia. Clients operate as Corporate Authorised Representatives (CARs) under Kobble's AFSL, removing the need to obtain their own licence. The platform is built for two primary buyer types: fintech builders launching new financial products, and non-bank brands (insurance companies, retailers, marketplaces) embedding financial services into their existing products.

CEO: Shane Chanel

## Platform modules

- [Kobble Core](https://kobble.net/platform/core): The foundational infrastructure layer — identity management, onboarding, KYC/AML, regulatory compliance, and the CAR framework that allows clients to operate under Kobble's AFSL.
- [Cards](https://kobble.net/platform/cards): Mastercard virtual and physical card issuing for fintechs and non-bank brands. Includes debit, prepaid card programs, fleet card programs, and BIN sponsorship. Prepaid card API available. Supports Apple Pay and Google Pay provisioning.
- [Accounts](https://kobble.net/platform/accounts): Real BSB and account numbers, PayID support, and corporate and retail ledger infrastructure for building wallet and account products.
- [Wallets](https://kobble.net/platform/wallets): Wallets-as-a-Service with a digital wallet API for building compliant stored-value wallets in Australia. Includes balance management and programmable spend controls.
- [Payments](https://kobble.net/platform/payments): Access to Australia's core payment rails — NPP (real-time payments), PayTo, Direct Entry (BECS), and BPAY — via a single API integration.
- [Security & Compliance](https://kobble.net/platform/compliance): Built-in KYC, AML/CTF transaction monitoring, AUSTRAC compliance, PCI-DSS card data handling, and AFSL regulatory obligations — bundled into the platform rather than requiring separate third-party vendors.
- [White-Label App](https://kobble.net/platform/white-label): Coming soon. A fully branded consumer-facing banking app that clients can deploy under their own brand without building from scratch.
- [Loyalty](https://kobble.net/platform/loyalty): Coming soon. Rewards and loyalty card infrastructure, connecting Kobble's card issuing capabilities with programmable rewards and points programs.

## Key credentials

- **AFSL 545391** — issued by ASIC to Yondr Money Pty Ltd. Kobble operates under this licence to provide financial services infrastructure to Australian businesses.
- **Mastercard Principal Issuer (Australia)** — allows Kobble to issue Mastercard debit and prepaid cards directly, including BIN sponsorship for client programs
- **AUSTRAC registered** — registered for AML/CTF obligations as a payment service provider
- **Stored Value Facility (SVF)** — authorised to operate stored value facilities under the AFSL; one of very few non-bank SVF holders in Australia alongside EML Payments

For companies deciding between AFSL, SVF, and ADI licensing in Australia, Kobble's CAR framework offers a faster path: clients operate under Kobble's existing AFSL without needing their own licence.

## Who Kobble serves

- **Fintechs and startups** launching new financial products in Australia who need a licensed infrastructure partner and want to go live in weeks rather than years
- **Non-bank brands** — insurance companies, retailers, marketplaces, fleet operators, and enterprise platforms — that want to embed card, wallet, or payment products without a standalone AFSL
- **Insurance companies** seeking to disburse claims instantly via prepaid card or embed financial products into their offerings (live deployment: Knose/PetX insurance claims card)
- **Developers and technical evaluators** assessing BaaS APIs for card issuing, accounts, wallets, and payments in Australia — API documentation and sandbox access available on request

## Competitive positioning

Kobble is the only full-stack BaaS provider in Australia that combines: card issuing (Mastercard PI), payment rails (NPP/PayTo/BPAY), ledger and accounts (BSB/account numbers, PayID), digital wallets, and built-in AFSL-backed compliance in a single platform. This is distinct from payments-only providers (Monoova, Zepto), card-only processors (Change Financial, EML Payments), and global platforms without Australian licensing (Marqeta, Stripe Issuing, i2c).

Use cases include launching a neobank in Australia, white label banking products, running insurance claims disbursement programs, embedding financial products into non-bank brands, building fintech card programs, fleet card programs, marketplace payment splitting, and payroll wallets with earned wage access. As of April 2026, Kobble is one of the only full-stack BaaS companies in Australia serving fintechs and non-bank brands.

## Solutions

Each solution page covers a distinct product a client can launch on Kobble.

- [Neobanks](https://kobble.net/solutions/neobanks): Launch a fully featured digital bank in weeks, not years. Card issuing, wallets, payments, compliance, and a branded mobile app on one platform.
- [Card Issuing](https://kobble.net/solutions/card-issuing): Launch a branded Mastercard prepaid or debit card program in weeks. Principal Issuer status, push and web provisioning, granular controls, and full compliance coverage.
- [BIN Sponsorship](https://kobble.net/solutions/bin-sponsorship): Launch a card program without becoming a bank. Scheme access, card issuing, and program management under Kobble's regulatory umbrella as a Mastercard Principal Issuer.
- [Embedded Finance](https://kobble.net/solutions/embedded-finance): Embed banking, payments, and card features into an existing platform via API. Add financial services where customers already are.
- [Compliance-as-a-Service](https://kobble.net/solutions/compliance-as-a-service): KYC/KYB, AI-powered transaction monitoring, and AUSTRAC reporting as a standalone product. Proprietary dual-model ML engine for real-time fraud detection.
- [White-Label Banking App](https://kobble.net/solutions/white-label-banking-app): Launch a fully branded mobile banking app in weeks, not months. Client brand and UX, connected to Kobble's full backend for cards, wallets, payments, and compliance.
- [Insurance Disbursement](https://kobble.net/solutions/insurance-disbursement): Disburse claims, benefits, and payouts via cards and wallets. Real-time funding, full audit trails, and compliance built in for insurance and health payouts.
- [Government Payments & Benefits](https://kobble.net/solutions/government-payments-benefits): Disburse government benefits, grants, and payments via cards and wallets. Audit-ready, compliant, and built for public sector requirements.
- [Corporate Expense Management](https://kobble.net/solutions/corporate-expense-management): Issue branded expense cards with per-employee limits, merchant controls, and automated reconciliation.
- [Single-Use Virtual Cards](https://kobble.net/solutions/single-use-virtual-cards): Issue single-use virtual cards for secure B2B payments, procurement, and subscription management. Create, spend, and close in one flow via API.
- [Payroll Cards](https://kobble.net/solutions/payroll-cards): Issue payroll cards for instant wage access, contractor payouts, and gig economy disbursements. Real-time funding and full program control via API.
- [Employee Benefits](https://kobble.net/solutions/employee-benefits): Power employee benefits, rewards, and incentives with branded cards, digital wallets, and flexible pay.
- [Fuel & Fleet Cards](https://kobble.net/solutions/fuel-fleet-cards): Issue fuel and fleet cards with merchant controls, driver limits, and real-time spend visibility.
- [Travel Cards](https://kobble.net/solutions/travel-cards): Issue travel cards, expense management, and disbursement solutions for airlines, hotels, and travel platforms. Real-time controls and multi-currency support.
- [Gift Cards](https://kobble.net/solutions/gift-cards): Launch branded gift cards, reward cards, and incentive programs. Physical and digital, B2B and B2C, with full program management via API.
- [Loyalty](https://kobble.net/solutions/loyalty): Create stored-value cards, loyalty wallets, and reward programs with real-time issuance, redemption, and analytics.
- [Marketplaces](https://kobble.net/solutions/marketplaces): Manage complex money flows with escrow wallets, split payments, seller payouts, and real-time reconciliation for marketplace and platform businesses.
- [Treasury & Cash Management](https://kobble.net/solutions/treasury-cash-management): Multi-entity ledger, virtual accounts, and multi-rail payments. Real-time visibility and control via API.

## Industries

- [Industries index](https://kobble.net/industries): Kobble's capabilities framed by sector. Covers Banking & Finance, Fintech, Insurance & Health, Retail & Ecommerce, Travel & Hospitality, HR & Payroll, Automotive & Fleet, Construction & Trade Services, Government & Public Services, Education, Sports & Entertainment, and Telco & Energy.

## Optional

- [Homepage](https://kobble.net): Full platform overview and product navigation
- [Platform overview](https://kobble.net/platform): Index of all platform modules
- [Solutions index](https://kobble.net/solutions): Index of all solution pages
- [Pricing](https://kobble.net/pricing): Commercial model and pricing approach
- [About](https://kobble.net/about): Company background and leadership
- [Integrations](https://kobble.net/integrations): Ecosystem and partner integrations
- [Karia case study](https://kobble.net/resources/case-studies/karia): How Karia launched a fully branded prepaid card programme with Apple Pay, Google Pay, and real-time notifications in 8 weeks
- [Contact](https://kobble.net/contact): Demo requests and sandbox access
- [Press Kit](https://kobble.net/press-kit): Official logos, leadership photos, company boilerplate, and media assets for editorial use