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Is Parpera a Bank?
Is Parpera a Bank?
Daniel Cannizzaro avatar
Written by Daniel Cannizzaro
Updated over a week ago

No, Parpera is not a bank.

We’ve partnered with leading embedded finance, and cards partners to source the financial products and services required to deliver our in-app capabilities.

We’re rethinking the way people interact with financial services, and the role they play in the way we do business and live our lives.

We’re not restricted by legacy business models or technology platforms, and focus all of our team, resources, and innovation towards solving the problems that are most important to business owners and better serve you.

Formally (and legally):

Parpera Australia Pty Ltd (Parpera) ABN 47 641 580 743 is an Authorised Representative (No. 1292372) of MSC Advisory Pty Ltd ACN 607 459 441 AFSL 480649 (MSC Advisory).

Wise Australia Pty Ltd (Wise) ABN 42 070 947 492, which holds an AFSL (No. 513764) is the issuer of the business accounts in Parpera's App and the Parpera Business Debit Mastercard®, pursuant to a license by Mastercard Asia/Pacific Pte. Ltd. Mastercard®, and the circles design is a registered trademark of Mastercard International Incorporated.

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