Parpera
Money app for sole traders.
- Who holds it
- A licensed payment institution holds your balance in a safeguarding account — AFSL authorised representative (MSC Advisory AFSL 480649); accounts issued by Wise Australia (AFSL 513764).
- The ledger
- The payment institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Parpera’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 · freelancers & creators |
| HQ | Sydney, AU |
| Founded | 2020 |
| Custody | Custodial |
| Regulation type | Payment institution |
| License detail | AFSL authorised representative (MSC Advisory AFSL 480649); accounts issued by Wise Australia (AFSL 513764) |
| Card | MC · Business debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Oceania |
| Founders | Daniel Cannizzaro |
Verified links: official site ↗
Common questions about Parpera
What is Parpera?
Parpera is a fiat neobank built for freelancers & creators, headquartered in Sydney, AU and founded in 2020. Your money is held custodially, so Parpera or its partner bank holds the balance and you hold a claim on it. It is regulated as a payment institution (AFSL authorised representative (MSC Advisory AFSL 480649); accounts issued by Wise Australia (AFSL 513764)).
Does Parpera have a card, and where can you use it?
It issues a Mastercard business debit card. It is available in Oceania.
Does Parpera require KYC?
Yes. Parpera requires identity verification (KYC) to open an account, as a payment institution.
Peers
Wise · Up · Judo Bank · Hnry · Kit · Douugh
Parpera appears in
Neobanks authorised as payment institutions (13) · Neobanks available in Oceania (72) · Neobanks for freelancers and creators (15) · 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.