Klevo eyes expansion into Australian credit market with key acquisition of lender

ASX-listed loyalty and rewards player Klevo Rewards (ASX:KLV) has inked a HoA deal to acquire Australian credit licence holder Just Ask Solar Pty Ltd, effectively giving Klevo Rewards means to pivot into the Australian credit market.

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Disclaimer: This content has been prepared as part of a partnership with KLV and is intended for informational purposes only.

That effectively means an expansion of the financial services that Klevo can offer in Australia under the jurisdiction’s strict regulations, as opposed to representing a pivot into solar.

Long story short, Klevo Rewards is gearing up to add lending services to its overall product portfolio.

Key to the acquisition of Just Ask Solar (as a credit licence holding entity) is Klevo’s Fly Wallet Pty Ltd, which in March of this year was granted access to the global banking SWIFT comms network. Klevo has long positioned itself as a forward-thinker in the financial services space, relying on blockchain technology.

Fly Wallet is a mix of both a crypto-facing digital wallet, and, travel money (“loyalty”) program. Offering prepaid cards, users can manage and swap foreign currencies using Fly Wallet, including the ability to hold multiple currencies in one account and then access rewards when those funds are spent.

“Klevo believes that the ability to provide appropriately structured credit functionality backed by its own stablecoin, to eligible Fly Wallet users” could net the company up to an estimated $15.2M a year, looking at data collected from Q1 of 2026.

“Our strategy is to build Fly Wallet into a more complete crypto centric payments, rewards and loyalty technology platform,” Klevo Rewards CEO Alex Gold said.

“This potential capability aligns with Klevo’s broader objective of making everyday spending more rewarding … the HOA is an early but important step in exploring how Klevo can responsibly introduce credit capability into the Fly Wallet ecosystem.”

Klevo has staged an impressive +1,000% YTD growth, while also reflecting an attractive price point for prospective investors.

KLV last traded at 0.7cps.

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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.