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Klevo Group Limited (ASX:KLV)

ALERT: Price-sensitive ASX Announcement for KLV
Current share price for KLV : $0.560 0.502 (865.52%)+
Announcement
Release
20 Jul 2026 10:29AM
Price at Release
$0.058
Full Release
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Summary
Klevo Rewards Limited, an Australian company specializing in rewards, loyalty, and payments technology, has completed the acquisition of Just Ask Solar Pty Ltd for $150,000, thereby obtaining an Australian Credit Licence. This move supports Klevo's strategy to enhance its digital financial services platform and explore consumer credit functionalities, including crypto-linked credit options. Agata Rosalba Malgioglio has been appointed as the Responsible Manager to oversee compliance. The company will integrate the new subsidiary into its operations while progressing with due diligence for additional financial service acquisitions.
Key Points
  • Klevo Rewards Limited has completed the acquisition of all issued shares in Just Ask Solar Pty Ltd, holder of Australian Credit Licence No. 483627.
  • The acquisition cost was $150,000, funded from Klevo's working capital.
  • Just Ask Solar Pty Ltd is now a wholly owned subsidiary of Klevo Rewards Limited.
  • This acquisition grants Klevo access to an Australian Credit Licence, aiding the development of its digital financial services platform.
  • Agata Rosalba Malgioglio has been appointed as Responsible Manager of Just Ask Solar Pty Ltd.
  • Klevo aims to integrate the licensed entity into the group and establish necessary regulatory and operational frameworks.
  • The acquisition is part of Klevo's strategy to explore consumer credit functionalities, including potential crypto-linked credit offerings.
  • Klevo is also finalizing due diligence on acquiring holders of Australian Financial Services Licences.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.