Yondr Money partners with Mastercard to supercharge its embedded finance solution, Kobble

Yondr Money has announced an exclusive principal issuing deal with Mastercard in the Australian market. The homegrown fintech will leverage the partnership to power its comprehensive Banking-as-a-Service (BaaS) platform, Kobble, positioning the country at the forefront of global embedded finance innovation.

The strategic collaboration enables Yondr Money to create Mastercard prepaid and debit products through its Kobble platform, providing businesses across all sectors with the ability to launch embedded financial solutions in weeks rather than years, all powered by Mastercard’s global payment network and Kobble’s cutting-edge modular platform.

Transforming Financial Services Across Industries

“This collaboration represents a pivotal moment for Australian businesses seeking to integrate financial services into their customer journeys,” said Shane Chanel, Founder and CEO of Yondr Money and Kobble.

“Having built Yondr Money and acquired Shouta, I experienced firsthand the regulatory complexity, cost barriers, and integration challenges of launching financial products. With Mastercard’s global network and our modular platform, we’ve created the infrastructure I wish existed when I started, enabling businesses to launch in just weeks, not years.”

This announcement arrives as embedded finance accelerates toward a projected $230 billion market by 2030, with Australia’s progressive regulatory environment and tech-savvy population creating the ideal launchpad.

Businesses ready to begin onboarding immediately will gain access to Kobble’s comprehensive modular platform, which includes:

• Cards-as-a-Service: Prepaid, debit, reloadable Mastercard products with card management
• Wallets-as-a-Service: BSB & Acc, multi-currency wallets and Apple & Google Pay
• Payments-as-a-Service: Payment rails supporting PayID, PayTo, BPAY
• Security & Compliance: Transaction fraud & AML monitoring, and regulatory reporting
• Customer Experience: Identity verification, transaction enrichment, and loyalty

Transforming Financial Services Across Key Industries

Kobble’s platform empowers businesses across multiple sectors to embed financial services directly into their customer journeys. For example: Retailers can launch store-branded debit cards with integrated loyalty and BNPL offerings, while fintechs and banks gain access to white-label card issuance and modern end-to-end transactional banking.

Telecommunications providers can offer branded digital wallets and device financing, as insurance and superannuation companies leverage the platform for instant claims payouts and retirement-linked cards. The travel industry can deploy multi-currency solutions, while healthcare providers can implement health savings accounts and payment plans for treatments, all powered by the same modular infrastructure and Mastercard’s trusted global network.

“At Mastercard, we’re committed to empowering fintechs to innovate at scale. By combining our trusted global network with Yondr Money and its Kobble platform we’re helping make innovation more accessible, empowering Australian fintechs of all sizes to embed secure, modern, scalable financial services that meet evolving consumer expectations,” said Ashima Chaudhary, Vice President, Business Development, Australasia at Mastercard.

Accelerating Financial Innovation

The collaboration provides Yondr Money with principal issuing rights for Mastercard debit and prepaid products, which it will use to power the Kobble platform to give Australian businesses unprecedented access to embedded finance capabilities without the traditional barriers of time, cost, and complexity.

“The financial services infrastructure in Australia is undergoing a transformative shift,” added Chanel. “What once required millions in investment and years of development can now be launched in weeks with Kobble. We’re not just creating another fintech product, we’re building the foundation for the next decade of financial innovation.”

Kobble is immediately ready to onboard new clients seeking to leverage this partnership, with implementation timelines as short as a few weeks from contract to market, dramatically faster than traditional financial product launches.