Klevo Rewards Limited (ASX: KLV) has completed the acquisition of all issued shares in Just Ask Solar Pty Ltd, the holder of Australian Credit Licence No. 483627.
The transaction was settled for total cash consideration of $150,000, funded from the Company’s working capital. Following completion, Just Ask Solar Pty Ltd is now a wholly owned subsidiary of Klevo.
The licence supports the continued development and commercialisation of Klevo’s digital financial services platform, as announced on 20 June 2026. Further details regarding the acquisition are set out in the Company’s ASX announcement dated 18 May 2026.
What the acquisition delivers
The Australian Credit Licence provides Klevo with a regulatory foundation to support development and commercialisation of its digital financial services platform, “including potential credit and loan-related products, subject to all applicable regulatory requirements.”
To support the subsidiary’s organisational competence and ongoing compliance obligations, the Company has appointed Agata Rosalba Malgioglio as Responsible Manager of Just Ask Solar Pty Ltd.
Klevo will now commence integration of the licensed entity into the Group and progress the regulatory, compliance and operational frameworks required before undertaking any new credit activities.
| Detail | What it is | Why it matters |
|---|---|---|
| The asset | Australian Credit Licence No. 483627 | A regulatory foundation for offering credit or loan-related products in Australia |
| Consideration | $150,000 cash from working capital | Funded internally without new capital raising |
| Structure | Just Ask Solar Pty Ltd is now a wholly owned subsidiary | Full ownership and control of the licensed entity |
| Responsible Manager | Appointment of Agata Rosalba Malgioglio | Supports organisational competence and compliance obligations |
| Integration status | Integration and framework development underway | Required before any new credit activities can commence |
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Understanding the Australian Credit Licence
The acquisition represents an early-stage step in the Company’s broader strategy to explore consumer credit functionality.
How this fits Klevo’s broader strategy
The acquisition forms part of Klevo’s broader strategy to explore consumer credit functionality, “including potential crypto-linked credit offerings.” Klevo is a rewards, loyalty and payments technology company delivering customised, subscription-based marketplace solutions for corporate clients, members, and consumers.
Following the acquisition and integration of Fly Wallet, Klevo has strengthened its technology capability and expanded its offering. Current platform capabilities include:
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White-labelled Mastercard-powered loyalty and rewards solutions
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Digital wallet infrastructure
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Card-linked rewards
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Customer engagement programs
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Digital marketing services
The addition of the ACL potentially extends Klevo’s payments and rewards ecosystem toward credit-linked offerings, subject to the regulatory frameworks the Company is now progressing.
The credit licence sits alongside a parallel regulatory workstream: the KLVAUD stablecoin trial received legal confirmation in June 2026 that it qualifies under ASIC’s relief framework, positioning the stablecoin as the settlement layer through which credit-linked and crypto-linked products would ultimately operate.
What’s next: further licence acquisitions underway
Klevo is progressing the finalisation of due diligence in relation to the proposed acquisitions of the holders of Australian Financial Services Licences, ASFIN Funds Management Pty Ltd and Point Capital Group Pty Ltd.
Klevo’s AFSL and ACL acquisition strategy was formalised in late May 2026 when the company executed a binding broker agreement with Bybit and signed Heads of Agreement across all three regulated entities simultaneously, signalling a coordinated licensing push rather than piecemeal opportunism.
A video featuring Mr. Andrew Shi (Executive Director and Chief Investment Officer of Klevo), outlining the strategic rationale for these acquisitions and their potential impact on Klevo’s product suite and future capabilities, is available at: https://youtu.be/hJg-vz4EQNc
The Company’s licence roadmap currently comprises:
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ACL No. 483627 (Just Ask Solar) — completed
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AFSL acquisition (ASFIN Funds Management) — due diligence progressing
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AFSL acquisition (Point Capital Group) — due diligence progressing
Financial impact and materiality note
As the acquisition represents an early-stage step in the Company’s broader strategy to explore consumer credit functionality, including potential crypto-linked credit offerings, Klevo has stated that the financial impact cannot presently be quantified.
Per the ASX announcement
“It is not presently possible to determine or reliably quantify the financial impact of the acquisition on the Company or its securities.”
The announcement was authorised for release by the Board of Directors of the Company. Enquiries may be directed to David Vinson, Chairman, at shareholders@klevo.com.au.
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