Firstly, it’s important to be clear that we’re not a bank.

Parpera, or Parpera Australia Pty Ltd ABN 47 641 580 743 (as we’re formally known), is an Authorised Representative (No. 1292372) of MSC Advisory Pty Ltd ACN 607 459 441 AFSL 480649.

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.

As an authorised representative of an AFSL holder, we’re subject to comprehensive risk and compliance requirements and work proactively with our financial services partners to manage and meet our risk, compliance, and regulatory obligations.