Highlights

  • Klevo Rewards shares rose 11.11% to AUD 0.040 on 27 April 2026 following its quarterly update.
  • Customer receipts increased by 603.2% to AUD 3.087 million compared to AUD 439k in the prior corresponding period.
  • The company progressed development of an Australian dollar-backed stablecoin in partnership with Bybit.
  • Fly Wallet joined the SWIFT network, strengthening global payments infrastructure.
  • Cash and cash equivalents improved to AUD 2.72 million, with total available funding of approximately AUD 17.22 million.
  • Klevo extended its $15 million funding facility with LDA Capital to support growth initiatives.

Klevo Rewards Ltd (ASX:KLV) shares climbed 11.11% to AUD 0.040 during the afternoon session on 27 April 2026, following the release of its quarterly activities report for the period ended 31 March 2026. The stock has also delivered a gain of approximately 300% over the past year, with the latest update outlining continued progress in its transition toward an integrated rewards, payments, and digital asset ecosystem.

Klevo Rewards is focused on building a platform that combines loyalty programs, payments infrastructure, and blockchain-based digital assets. Through its wholly owned subsidiary, Fly Wallet Pty Ltd, the company is developing a system that enables users and enterprises to interact with rewards, payments, and digital value within a unified framework.

Digital Asset Strategy Advances with Stablecoin Development

A key development during the quarter was the advancement of Klevo’s partnership with Bybit to develop and launch an Australian dollar-backed stablecoin. This initiative forms part of the company’s broader strategy to create a unified ecosystem where users can earn, store, and utilise value across rewards and payments systems.

The planned integration of the stablecoin with card-linked payment infrastructure is expected to enable usage across global payment networks wherever Mastercard is accepted. The system is designed to incorporate cashback mechanisms, merchant-funded incentives, and loyalty-based rewards, linking traditional payment functionality with digital asset capabilities.

The company indicated that this approach supports its positioning within embedded finance, combining established payment rails with blockchain-based value transfer systems. The model is intended to support a scalable revenue structure as adoption increases.

In parallel, Klevo progressed regulatory and legal structuring for the stablecoin through engagement with Hamilton Locke. This work is aimed at establishing a compliant framework aligned with regulatory requirements in Australia and other jurisdictions.

Global Payments Infrastructure Strengthened

During the quarter, Fly Wallet achieved admission to the SWIFT network as a supervised financial institution. This development enhances Klevo’s ability to facilitate cross-border transactions and financial messaging, aligning its operations with global banking standards.

The integration with SWIFT provides a foundational capability for future rollout of services including KLV Pay, KLV Coins, and the Klevo stablecoin. It also expands the company’s ability to support enterprise clients operating across multiple jurisdictions.

Additionally, Fly Wallet secured certification for payment card issuance across several international markets. This enables Klevo to deploy Mastercard-powered card programs beyond Australia, supporting its strategy to expand globally and offer white-labelled rewards and payments solutions to enterprise clients.

Platform Development and Mastercard Integration

Klevo continued to enhance its platform capabilities through deeper integration with Mastercard. Fly Wallet now operates a regulated rewards card and digital wallet platform that supports real-time transaction processing, card-linked rewards, and instant cashback functionality.

During the quarter, the company reported benefits from cash incentives and service credits linked to Mastercard program performance. These incentives are associated with increasing transaction volumes and reflect improving platform utilisation.

The company’s operating model is evolving to align with its integrated ecosystem approach, combining artificial intelligence-driven engagement tools, blockchain-based rewards, and global payments infrastructure. This framework allows enterprises to digitise loyalty programs into transferable digital assets and provide flexible reward redemption options.

Financial Performance Reflects Growth in Activity

Klevo reported a significant increase in customer receipts during the March 2026 quarter. Receipts from customers rose by 603.2% to AUD 3.087 million, compared to AUD 439,000 in the corresponding period of the previous year.

The company also reported an improvement in its cash position, with cash and cash equivalents reaching AUD 2.72 million at the end of the quarter. This compares to a negative position of AUD 52,000 in the prior corresponding period.

Net cash used in operating activities for the quarter was AUD 1.169 million, while investing activities accounted for an outflow of AUD 268,000. Financing activities recorded a net outflow of AUD 50,000, reflecting repayments of borrowings.

Overall, the company reported a net increase in cash and cash equivalents of AUD 3.875 million for the period, supported by earlier capital raising activities.

From a funding perspective, Klevo has access to an unused financing facility of AUD 15 million through its agreement with LDA Capital. This facility has been extended for a further 12 months to February 2027, providing ongoing financial flexibility.

The company’s total available funding at the end of the quarter, including cash and unused facilities, was approximately AUD 17.22 million. Based on current operating cash flows, this represents an estimated funding runway of approximately 14.73 quarters.

Capital Management and Operational Execution

Klevo indicated that it has continued to deploy funds broadly in line with its prospectus, with expenditure focused on debt reduction, working capital, and administrative costs. During the quarter, payments to related parties totalled AUD 170,000, primarily comprising director fees and remuneration.

The company highlighted that its improved liquidity position and reduced balance sheet risk provide a stable foundation for executing its strategic initiatives. This includes continued investment in platform development, international expansion, and ecosystem integration.

The extension of the LDA Capital facility ensures that Klevo retains access to capital as it progresses toward scaling its operations and commercialising its platform.

Transition Toward Commercialisation Phase

According to the company, the March 2026 quarter represents a transitional phase in its development, moving from platform build-out toward broader commercialisation. The combination of global payments connectivity, digital asset development, and card issuance capabilities positions the company to expand its operations.

The integration of rewards, payments, and digital assets into a single ecosystem is intended to provide both enterprise clients and end users with seamless access to services. This includes the ability to manage rewards, conduct transactions, and interact with digital value within a unified system.

The company expects that this integrated approach will support increased engagement, retention, and monetisation opportunities as the platform continues to scale.

What This Means for Investors?

Klevo Rewards’ latest quarterly update highlights continued progress across multiple components of its platform, including digital asset development, global payments infrastructure, and financial performance.

The increase in customer receipts indicates growing platform activity, while the improvement in cash position and available funding supports ongoing execution of the company’s strategy. Developments such as SWIFT integration and international card issuance expand the company’s operational capabilities and potential market reach.

The share price movement on 27 April 2026 reflects a positive market response to these developments, with investors likely to monitor further progress in the rollout of the Klevo stablecoin, expansion of payment services, and continued growth in transaction volumes.