Australian consumer and insight company, Fonto, has announced a collaboration with Mastercard to use open banking to grow the company beyond Australia.
The collaboration is designed to allow Australians to securely share their financial data with greater accuracy and control for personal spending insights and financial rewards.
Fonto is also part of Mastercard’s Start Path Open Banking and Embedded Finance program, which provides startups across banking and finance exposure to Mastercard’s market-leading open banking technology, data connectivity and analytics offerings.
By leveraging Mastercard’s open finance platform, Fonto can empower Australians who choose to share their data to do so securely and with confidence, backed by a brand they have trusted with their information for nearly 60 years,” Brenton Charnley, Vice President, Open Finance, Australasia at Mastercard, said in a statement.
The deal expands Fonto’s data and research products into Australia and accelerate the company's international expansion ambitions.
Fonto CEO Ben Dixon said they are excited to see what Mastercard brings to the company as they expand globally in 2026.
“In addition to enabling us to provide higher quality, more accurate data at scale, there will also be new opportunities for research and engagement,” Dixon said in a statement.
“We are yet to see anyone else in the world doing what we do in terms of integrating daily transaction data with surveys from the same individuals at scale.”
