Douugh
ASX-listed money app (AU/US).
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — Partner banks (Regional Australia Bank; US via Choice Bank).
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Douugh’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Sydney, AU |
| Founded | 2016 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | Partner banks (Regional Australia Bank; US via Choice Bank) |
| Card | MC · Debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Oceania |
| Funding | Public (ASX:DOU) |
Verified links: official site ↗
Common questions about Douugh
What is Douugh?
Douugh is a fiat neobank, headquartered in Sydney, AU and founded in 2016. Your money is held custodially, so Douugh or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (Partner banks (Regional Australia Bank; US via Choice Bank)).
Does Douugh have a card, and where can you use it?
It issues a Mastercard debit card. It is available in Oceania.
Does Douugh require KYC?
Yes. Douugh requires identity verification (KYC) to open an account, as a partner-bank model.
Peers
Wise · Up · Judo Bank · Hnry · Kit · Parpera
Douugh appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in Oceania (72) · Neobanks that issue a Mastercard (150) · Neobanks in Australia (8)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.