Klevo Rewards Ltd has successfully reinstated its ASX listing, completed a $3.4 million capital raise, and made significant progress on its digital wallet and loyalty platform. The company’s improved cash position and operational momentum set the stage for its next growth phase.
- Reinstatement to ASX official quotation in December 2025
- $3.4 million capital raise strengthens working capital
- Advancement of Klevo Rewards platform, KLV Coins, and Klevo Pay wallet
- Customer receipts surged from $209k to $3.84 million over 15 months
- Expenditure aligned with prospectus, focusing on debt reduction and working capital
Reinstatement Marks a New Chapter
Klevo Rewards Ltd, formerly My Rewards International Limited, marked a pivotal moment in December 2025 when it regained official quotation on the Australian Securities Exchange. This reinstatement not only restored liquidity for shareholders but also signalled the company’s readiness to accelerate its commercial ambitions after satisfying ASX’s reinstatement conditions.
Capital Raise Fuels Growth and Stability
During the quarter, Klevo successfully raised $3.4 million, a capital injection that has bolstered its working capital and enabled the company to address legacy liabilities. This financial strengthening provides a stable foundation for Klevo to continue refining its proprietary rewards ecosystem and scale operations. Notably, the funds have been deployed largely in line with the company’s prospectus commitments, with a significant portion allocated to debt reduction and operational costs.
Progress on Platform and Wallet Infrastructure
Klevo has made tangible advancements in its core technology offerings, including the Klevo Rewards platform, KLV Coins, and the Klevo Pay digital wallet. Development efforts have focused on expanding wallet functionalities such as multi-currency card-linked cashback and instant rewards, enhancing member engagement tools, and improving merchant integration capabilities. These upgrades are designed to create a seamless and rewarding experience for both consumers and merchants, positioning Klevo as a differentiated player in the loyalty and payments space.
Financial Momentum Evident in Customer Receipts
The company’s financials reveal a striking growth trajectory, with customer receipts climbing from $209,000 in September 2024 to $3.84 million by December 2025. This surge underscores growing market acceptance and the effectiveness of Klevo’s platform enhancements. Additionally, cash and cash equivalents improved markedly, rising from a negative position to nearly $3.9 million, reflecting improved liquidity and reduced balance sheet risk.
Looking Ahead – Commercial Deployment and Partnerships
With the reinstatement behind it, Klevo’s immediate focus is on accelerating the commercial rollout of its rewards and payments platforms. Expanding merchant and member participation remains a priority, alongside driving transaction volumes to generate recurring revenue streams. The company is also actively pursuing strategic partnerships to amplify its scale and distribution capabilities, which could be key to unlocking broader market potential.
Bottom Line?
Klevo’s successful ASX reinstatement and capital raise set a promising stage, but execution on commercial deployment and partnership formation will be critical to sustaining momentum.
Questions in the middle?
- How quickly can Klevo scale merchant and member adoption to drive meaningful transaction volumes?
- What strategic partnerships are in the pipeline, and how might they impact Klevo’s market reach?
- Will the company extend its $15 million put option facility beyond February 2026 to secure longer-term funding?