“Can Frollo own the Australian Open Banking (CDR) infrastructure layer by becoming the default data aggregation and enrichment platform for lenders, brokers, and banks?”
Founded in 2016 as a consumer personal finance management app, Frollo pivoted to become an enterprise Open Banking infrastructure provider leveraging Australia's government-regulated Consumer Data Right (CDR) framework. Having secured the first FinTech Accredited Data Recipient status in Australia, Frollo repositioned as a B2B platform supplying CDR gateway access, financial passport, transaction enrichment, and money management APIs to banks, non-bank lenders, mortgage brokers, and wealth providers. The company now operates primarily as infrastructure for the Australian open banking ecosystem rather than as a direct-to-consumer product.