General Advice Warning
General advice warning. Any financial product advice provided on this website or through the Klevo Advance application is general advice only. It does not take into account your personal objectives, financial situation, or needs. Before acting on any advice, you should consider whether it is appropriate for your personal circumstances and, where appropriate, seek independent professional advice.
About Klevo Advance
Klevo Advance is a credit product issued by Fly Wallet Pty Ltd (ABN 89 639 905 490), the holder of Australian Financial Services Licence Number 527 319 and Australian Credit Licence Number 483627. Klevo Advance provides eligible employees of registered organisations with access to an advance against pending commission or fee payments, delivered via a Klevo Advance Mastercard.
Not personal advice
The information on this website and in the Klevo Advance application is general in nature. It is not personal financial, credit, investment, tax, or legal advice. Fly Wallet Pty Ltd is licensed to provide general financial product advice and credit assistance — it is not licensed to provide personal financial planning advice or recommend specific financial products based on your individual circumstances.
Nothing on this website or in the Klevo Advance application should be construed as a recommendation that you apply for, obtain, or maintain any credit product or financial product.
Credit product disclosure
Klevo Advance involves the extension of credit to eligible individuals. Before applying for Klevo Advance, you should carefully review the Klevo Advance Credit Guide, the Klevo Advance Product Disclosure Statement, and any other disclosure documents provided to you. These documents contain important information about the terms, fees, charges, risks, and obligations associated with Klevo Advance.
The availability of Klevo Advance to you is subject to eligibility criteria, credit assessment, and the approval of your sponsoring organisation. Not all applicants will be approved.
Fees and charges
Klevo Advance charges a fee of 0.5 per cent per month on the amount advanced to you. Additional fees and charges may apply. Full details of all fees and charges are set out in the Klevo Advance Credit Guide and Product Disclosure Statement. You should read and understand all fees and charges before applying.
Risks
As with any credit product, Klevo Advance carries risks. You should consider whether Klevo Advance is appropriate for your financial situation. Key risks include:
- The advanced amount plus fees must be repaid by your sponsoring organisation on the agreed date — if the underlying commission or fee payment is delayed or does not arrive, additional costs or obligations may apply
- Accessing an advance does not guarantee that your underlying commission or fee payment will be received — Klevo Advance is not insurance against non-payment of commissions or fees
- Fees and charges will accumulate for the period the advance is outstanding
- Your credit record may be affected if obligations are not met
Regulatory framework
Fly Wallet Pty Ltd holds Australian Credit Licence Number 483627 under the National Consumer Credit Protection Act 2009. Credit activities conducted under Klevo Advance are subject to finalisation of the regulatory, compliance, and operational frameworks governing this licence. The Klevo Advance product is in development. Not all features described on this website may be available at the time of any particular engagement.
Independent advice
We strongly encourage you to seek independent financial, credit, legal, and tax advice before applying for Klevo Advance or acting on any information provided on this website or in the Klevo Advance application. The information on this website does not constitute a comprehensive assessment of your personal situation. An independent adviser can help you determine whether Klevo Advance is appropriate for your circumstances.
Complaints — General Advice
If you have a complaint about information or advice provided by Klevo Advance, please contact us in the first instance at contactus@flywallet.com.au. If your complaint is not resolved to your satisfaction, you may contact the Australian Financial Complaints Authority (AFCA):
Australian Financial Complaints Authority (AFCA)
GPO Box 3, Melbourne VIC 3001 · Phone: 1800 931 678 (free call) · Email: info@afca.org.au · Website: www.afca.org.au
AFCA provides a free and independent complaint resolution service for financial services disputes.
This General Advice Warning is required by law.