What is Klover and how does it work?

Klover is a financial services app designed to provide users with access to their earned wages before payday. It taps into the growing demand for flexible payroll services, offering a solution for individuals in need of cash to cover immediate expenses without resorting to high-interest loans or credit cards. To use Klover's service, an individual must connect the app to their bank account and verifiable employment information. The app analyzes the user’s earnings and spending patterns to determine an appropriate advance limit. Once an advance is requested, funds are quickly deposited into the user's account, often within the same day. Klover makes money by offering optional tipping on advances and through subscription fees for premium features, differentiating itself from traditional payday lenders by providing a no-interest cash advance alternative for consumers.