Send us Fan Mail

A rewards business turning into a payments and credit platform is not a small pivot, and that’s exactly what we unpack with Alex Gold, CEO of Klevo Rewards Limited. We talk through how Klevo has evolved beyond loyalty into digital wallets, stablecoin payments, and card issuing, and why the Fly Wallet acquisition matters when you’re aiming to operate across multiple jurisdictions with real payments capability.

We also dig into the recent 14-day commercial trial of Klevo’s stablecoin transaction platform, including the headline US$1.22 million in gross revenue and, more importantly, what the trial was designed to prove. Alex explains the focus on the full transaction cycle, cross-border flows, and the compliance framework required to move from a working beta into a reliable commercial launch. If you care about stablecoin payments in Australia, cross-border payments infrastructure, or how fintechs actually scale, this part is packed with practical detail.

From there, we shift to licensing and product strategy. Alex walks us through why Klevo acquired an Australian credit licence (rather than waiting 9–12 months for a new application) to support credit card issuing and future credit products. We explore what “crypto-linked credit” might look like for customers, including using credit to acquire crypto or collateralising digital assets like Bitcoin for real-world spending. We also touch on custody and wholesale capability through the ASFIN acquisition, plus what investors can watch as revenue and rollout milestones develop.

Since the interview was recorded, Klevo has announced revenue of $18.9 million for the month of July 2026 — with approximately $17.8 million attributable to the stablecoin platform now in commercial operation — alongside completion of two licence acquisitions and an Extraordinary General Meeting convened for 21 August 2026 to consider a proposed share consolidation and company name change to Klevo Group Limited.

Subscribe to ASX Briefs, share this with a mate who follows ASX fintech, and leave a review with the question you want us to ask next.