Yondr Money
- Company typePrivate
- Founded2022
- HeadquartersMelbourne, Australia
- Headcount101–250
- GTM typeB2C
- OfferingServices
Yondr Money firmographics
Firmographics- Name
- Yondr Money
- Legal name
- YONDR MONEY Pty Ltd
- Website
- https://yondr.money
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Yondr Money industry classification
Industry- Product category
- Multi-Currency Travel Cards & Digital Payments
- NAICS
- Credit Card Issuing (52221), Credit Card Issuing (522210)
- akta.pro primary industry
- Travel Money Cards & Multi-Currency Prepaid (FSAMANAI)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Loyalty, Points Currency & Stored Value Payments (THALAHAK)
Keywords
Where Yondr Money is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Yondr Money business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Foreign Exchange Spread: Yondr generates revenue through the spread between the interbank exchange rate and the rate offered to customers. The company offers 'bank-beating exchange rates' and zero conversion fees, meaning revenue is derived from competitive spreads rather than explicit fees on currency conversions.
- ATM Withdrawal Fees: Yondr charges flat fees on ATM withdrawals — $5 for international ATM withdrawals and $3 for domestic ATM withdrawals. This represents a direct fee-based revenue stream from customers who withdraw cash.
- International Transaction Fees (Waived): Yondr explicitly promotes zero international transaction fees as a differentiator. The company does not charge the 3-4% international transaction fees that major Australian banks typically charge, positioning this as a competitive advantage rather than a revenue source.
- Banking as a Service (BaaS): Yondr is developing and rolling out a Banking as a Service solution for retailers, fintechs, and banks. This represents a potential future revenue stream through licensing and service fees to enterprise partners who leverage Yondr's infrastructure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Account — Core multi-currency travel card with zero fees on conversions and international transactions |
| Transaction based/ take rate | Pay-as-you-go | ATM Withdrawal Fees — Flat fees for cash access |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Yondr Money product offering
Product offeringCore offering
Yondr Money provides a mobile-first, multi-currency payment and loyalty platform that lets consumers open a free account, obtain a Visa-powered travel card supporting up to 26 currencies, instantly convert currency at bank-beating exchange rates with no conversion or international transaction fees, send and receive money, split bills, and track spending via real-time analytics. The offering is delivered through iOS and Android apps integrated with Apple Pay and Google Pay, accepted at 70+ million merchants globally, and now includes loyalty and rewards features through the acquired Shouta platform.
Product overview
Yondr Money operates as a unified payment and loyalty platform that combines financial management with travel money solutions. The core product is the Yondr Money App, which integrates the Multi Currency Travel Card (physical and virtual), Foreign Currency Exchange, Money Transfer, Split Bills, and Spending Analytics into a single mobile experience. The platform supports 25+ currencies and offers bank-beating exchange rates with no international transaction fees. The recent acquisition of Shouta (March 2024) expanded the platform's capabilities with nano-gifting and loyalty/rewards solutions, enhancing customer engagement through its established user base.
Differentiator
Problem solved
Functional benefit
Products and services
- Yondr Money App A mobile payment and loyalty platform for individual consumers enabling account management, multi-currency spending, money transfers, expense splitting, currency conversion, and real-time spending analytics on iOS and Android.
- Multi-Currency Travel Card A Visa-powered travel money card for individual consumers that allows them to hold and spend in up to 26 different currencies at bank-beating exchange rates with no conversion or international transaction fees, accepted at 70+ million merchants worldwide.
- Virtual Cards Digital Visa cards that Yondr users can create on-demand within the app for secure online transactions, with the ability to set custom spending limits per card for budget management.
- Foreign Currency Exchange In-app currency exchange service enabling Yondr users to instantly convert between 25+ currencies at bank-beating exchange rates with zero conversion fees.
- Money Transfer (Send & Receive) An instant money transfer service allowing Yondr users to send and receive funds in 25+ currencies to other Yondr users with no fees, delivering transfers in minutes.
- Spending Analytics & Budgeting Financial intelligence tools within the Yondr app that automatically categorize user spending, provide insights into spending habits, and allow users to set custom budgets and spending limits.
- Shouta (Nano-Gifting & Loyalty Platform) A nano-gifting and loyalty rewards platform acquired by Yondr Money in March 2024, providing gifting and rewards solutions to 44,000+ individuals and 250+ businesses for enhanced customer engagement.
- Banking-as-a-Service (BaaS) Solution An enterprise Banking-as-a-Service offering that allows retailers, fintech companies, and banks to leverage Yondr's multi-currency financial technology infrastructure, including card issuance, payments, and loyalty capabilities, for embedding in their own platforms.
Quantifiable outcome
- 59.76% half-on-half customer growth in H1 FY23
- +6 more outcomes
Companies that use Yondr Money
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Yondr Money technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability1 record
Feature8 records
Yondr Money partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Shouta (Acquired)coreYondr acquired the nano-gifting platform Shouta in March 2024 to expand its loyalty and rewards solutions. The acquisition grants access to Shouta's user base of over 44,000 individuals and 250+ businesses, enhancing Yondr's personalized financial services and customer engagement capabilities.
- Tiger BrokerscoreOne of over 20 strategic partnerships forged in H1 2023, enabling cross-marketing opportunities and expanding Yondr's distribution reach to Tiger Brokers' customer base of investors and traders who frequently engage in international transactions.
- Chemist WarehousecoreStrategic partnership with one of Australia's largest retail pharmacy chains, providing cross-marketing opportunities to reach a broad consumer base and expand Yondr's market reach through retail partnerships.
- Qatar AirwayscoreStrategic partnership with the international airline, targeting frequent travellers who are a key customer segment for Yondr's multi-currency travel card and international payment services.
- VisacoreYondr's travel cards operate on Visa's payment infrastructure, enabling acceptance at over 70 million merchants globally. The Visa partnership is fundamental to Yondr's ability to offer card payments worldwide.
- Stone & ChalkcoreYondr is a resident of Stone & Chalk, Australia's leading fintech innovation hub. Stone & Chalk provides startups with access to world-class expertise, networks, knowledge, capital infrastructure, and guidance to drive growth. Stone & Chalk Group CEO Chris Kirk has publicly praised Yondr's innovation and expansion.
- FinTech AustraliaminorIndustry association that organizes the Finnies Awards, Australia's premier fintech awards where Yondr was recognized as a finalist. FinTech Australia provides industry advocacy, networking, and recognition opportunities for Yondr.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Yondr Money competitors and assessment
Company assessmentDirect peers
- Wise (formerly TransferWise): Wise is a global cross-border payments and multi-currency account platform offering a debit card, FX, and international transfers. It directly overlaps with Yondr's multi-currency travel card, FX, and money transfer products for Australian customers.
- Revolut: Revolut is a global neobank offering multi-currency accounts, a travel card, FX, and money transfers. It competes head-on with Yondr in the Australian market for the same budget-conscious and travel-oriented consumer segment.
- Airwallex: Airwallex is an Australian-founded cross-border payments and multi-currency platform offering FX, cards, and BaaS. It is the most direct local comparable to Yondr in cross-border payments, multi-currency cards, and embedded finance.
- Up: Up is an Australian digital challenger bank offering fee-free spending, savings, and budgeting features. It targets the same budget-conscious Australian consumer segment that Yondr is addressing with its travel card and spending analytics.
- Travelex: Travelex is a global travel money and FX specialist that has historically dominated the travel money card and currency exchange market. It is a direct competitor in the travel money card category that Yondr is disrupting with its mobile-first approach.
- Remitly: Remitly is a digital remittances and cross-border money transfer platform. It overlaps with Yondr's send-and-receive money transfer feature and serves a similar cross-border consumer use case, including the Australia-to-rest-of-world corridor.
Broad incumbents
- Nium: Nium is a global cross-border payments infrastructure provider that already partners with Yondr for card issuance and cross-border payments. It is comparable both as a payments partner and as a broader BaaS/embedded payments platform.
Regional players
- Zeller: Zeller is an Australian fintech offering business banking, cards, and payments infrastructure. It is a regional comparable in the Australian fintech landscape, particularly relevant given Yondr's BaaS pivot and partner distribution strategy.
- Tyro Payments: Tyro is an Australian payments and merchant-acquiring fintech serving SMEs. It is a regional comparable in the Australian fintech ecosystem, particularly for BaaS-adjacent payment and card-issuing infrastructure plays.
Emerging players
- WeTravel: WeTravel is a travel-focused payments platform for tour operators and travel businesses. It overlaps with Yondr's travel vertical and Shouta loyalty acquisition, addressing payments and engagement in the travel ecosystem.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Yondr Money social profiles
Digital presenceYondr Money compliance and trust
Trust signalCompliance1 record
Yondr Money financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yondr Money leadership team
Management profileNumber of profiles
Profiles2 records
Yondr Money subsidiaries and ownership
Company hierarchySubsidiaries1 record
Yondr Money funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yondr Money M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Yondr Money
What does Yondr Money do?
Yondr Money provides a mobile-first, multi-currency payment and loyalty platform that lets consumers open a free account, obtain a Visa-powered travel card supporting up to 26 currencies, instantly convert currency at bank-beating exchange rates with no conversion or international transaction fees, send and receive money, split bills, and track spending via real-time analytics. The offering is delivered through iOS and Android apps integrated with Apple Pay and Google Pay, accepted at 70+ million merchants globally, and now includes loyalty and rewards features through the acquired Shouta platform.
Is Yondr Money a public or private company?
Yondr Money is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Yondr Money founded?
Yondr Money was founded in 2022. It employs 101 to 250 people.
Where is Yondr Money based?
Yondr Money is headquartered in Melbourne, Australia, in the Oceania region.
How does Yondr Money make money?
Four revenue lines are on record. Foreign Exchange Spread is the primary driver. The others are ATM Withdrawal Fees, international Transaction Fees (Waived) and banking as a Service (BaaS).
Who are Yondr Money's main competitors?
Direct peers on record are Wise (formerly TransferWise), Revolut, Airwallex, Up, Travelex and Remitly. Nium is listed as a broad incumbent. Regional players are Zeller and Tyro Payments. WeTravel is listed as an emerging player.
Does Yondr Money have an API?
No public API is recorded for Yondr Money.
What industry is Yondr Money in?
Yondr Money's product category is Multi-Currency Travel Cards & Digital Payments. Its primary akta.pro industry code is FSAMANAI, Travel Money Cards & Multi-Currency Prepaid, with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 52221.