Kleev vs Frollo: a genuinely free CDR app, or privacy-first with property depth?

Frollo gives away a free app with real institutional credibility behind it. The company is an unrestricted accredited data recipient on the official CDR register, an infrastructure provider to banks and lenders, and the publisher of an annual State of Open Banking report.

Its consumer app, Frollo for You, costs nothing: no ads, no subscriptions and no in-app purchases. The app covers categorised spending, bills, budgets, goals and net worth, and it can hand a verified financial snapshot to a mortgage broker.

If you want free tracking built on the CDR, this is the strongest offer in the country.

Kleev never connects to your bank at all. You export CSVs from your own internet banking and drop them in, they parse in your browser, the raw file is never uploaded, and there's no consent, feed or aggregator anywhere in the chain.

Kleev also has a full investment-property module with loans, offsets, statement history and cashflow, which Frollo doesn't attempt. It's a paid product with a free tier, built web-first, and aimed squarely at people building assets.

How do Kleev and Frollo compare at a glance?

How do the two privacy models actually differ?

Frollo runs the best version of the connected model. As an unrestricted accredited data recipient it operates under the CDR's statutory rules: you consent at your own bank, you can see and withdraw consents from a dashboard at any time, Frollo re-notifies you every 90 days, CDR data is held in secure systems located in Australia, and on withdrawal Frollo commits to irretrievably deleting the data you shared within 24 hours.

Those are legal obligations rather than marketing lines, and they're why we'd call Frollo one of the most trustworthy feed-based apps in the country. Two honest nuances are worth adding.

Where CDR is not available, the opt-in fallback is Yodlee, which logs into your bank with your credentials and can transfer data to the United States. The app's Apple privacy label also discloses data collected and linked to identity, including financial info and identifiers, with some usage data used for tracking.

How does Kleev handle your data instead?

Kleev does not connect to anything. A CSV you export carries exactly the data you chose to export, moves exactly once, and parses in your browser without the raw file being uploaded.

There's no consent to manage because there's no connection to consent to. Full disclosure on our side: when Kleev doesn't recognise a CSV layout, the file name, column headers and first five rows go to its AI provider to map the columns, and Kleev's AI features send transaction descriptions, dates, amounts and account names to Anthropic's Claude API, which processes them in the United States.

Neither model is spotless, and they're different bets. Frollo bets on regulation making connections safe, and Kleev bets on not having the connection. We've unpacked that trade-off in is it safe to link your bank account?

How do the apps compare day to day?

Frollo covers the fundamentals well: transactions categorised automatically into sensible groups with custom categories, bill and recurring-payment tracking with due dates, budgets, savings goals, and net worth combining linked accounts with manually added assets like property and vehicles.

One distinctive feature is the one-tap financial snapshot you can hand to a mortgage broker as a PDF, which reflects the company's background as a broker platform.

Frollo's AI is lighter than the marketing suggests. It makes personalisation claims and sends insight alerts for insufficient funds, spending anomalies and subscription savings, and we could find no chat or report-style features.

What is Kleev like day to day?

Kleev runs as a web dashboard rather than a phone app, and the depth shows up in the reading. You get AI categorisation across roughly 42 categories, transfer and offset detection so internal money movements don't pollute spending, recurring-charge detection, goal tracking with projections on paid plans, a monthly CFO report, an EOFY pack that assembles your tax-relevant records, and an AI chat that answers questions about your own transactions.

The missing phone app is a real limitation if you live on mobile. A real web product is a real advantage the moment you want to sit down and think rather than glance.

Is Frollo better than Kleev for property?

Frollo tracks property as a manually added asset in net worth. We found no loan amortisation, no offset modelling, no rental cashflow and no yield reporting in the consumer app as at July 2026, and for a free general-purpose money app that's a perfectly reasonable scope.

How does Kleev model a property?

Kleev's property module is the core of the product: per-property loans with amortisation, offset accounts with three what-if projection modes, an editable statement grid that reconciles years of interest and repayments, cashflow with offset netting, valuations, expenses, and AI extraction of loan details from mortgage statements.

If property is in your life, this section probably just made your decision. If your property currently lives in a spreadsheet, we've compared that path too. Kleev describes your own data and does not give financial advice.

What do they cost?

Frollo is free, genuinely free, and that deserves to be said plainly. No ads, no premium tier and no in-app purchases, because the enterprise business pays the bills.

The considerations are non-monetary ones. The consumer app is mobile-only, its public roadmap energy visibly sits with brokers and banks, and its Android rating of about 2.9 stars as at July 2026 suggests a bumpier experience there.

What does Kleev cost?

Kleev has a free tier covering about 1,000 transactions a month and one property. Pro is A$3.99 a week billed A$15.96 every 4 weeks (or A$176.28 a year) and Max is A$4.99 a week billed A$19.96 every 4 weeks (or A$220.48 a year), with a 14-day trial and a one-off A$67.69 founding offer for lifetime Max, as at July 2026.

You're paying for property depth, the web experience, the AI features and the no-connection model. If none of those four matter to you, keep your money and enjoy Frollo.

So which one should you choose?

• Choose Frollo if: you want a free, ad-free app with automatic CDR feeds and you're comfortable in a mobile-only experience.
• Choose Frollo if: the CDR's statutory protections (Australian data residency for CDR data, 24-hour deletion, consent dashboards) are exactly the assurance you want from a connected app.
• Choose Frollo if: you're preparing for a mortgage application and the broker-ready financial snapshot saves you real paperwork.
• Choose Kleev if: you'd rather no app held any connection to your bank, ever. CSV in the browser is the only model here with nothing to revoke.
• Choose Kleev if: you own or are buying an investment property, or you want a web-first product with AI reads of your spending, EOFY records and property cashflow.

Frollo and Kleev disagree productively. Both were built by people who think you should see your money clearly and cheaply, and they picked opposite ends of the connection question.

Our 2026 money-app roundup shows where the rest of the field lands on that question, from PocketSmith to Billroo.

If the no-connection end suits you, try it with one export. Drop last month's CSV into the browser. Try Kleev with one file →

Common questions

Is the Frollo app really free?

Yes. Frollo's consumer app, Frollo for You, is completely free with no ads, no subscriptions and no in-app purchases, and claims over 145,000 Australian users. Frollo can sustain that because its main business is enterprise open banking for banks, lenders and mortgage brokers; the consumer app sits alongside that business.

Is Frollo safe to connect my bank to?

Frollo holds an unrestricted accreditation as a data recipient on the official Consumer Data Right register, states that CDR data is stored in Australia, lets you withdraw consent at any time from a consent dashboard, and commits to irretrievably deleting shared data within 24 hours of withdrawal. One nuance: where CDR isn't available for a bank, Frollo offers an opt-in Yodlee fallback that logs into your online banking with your credentials and can transfer data to the United States. Kleev avoids the question entirely by having no bank connections at all.

Can I import a CSV into Frollo?

We found no mention of CSV import anywhere on Frollo's app pages or store listings as at July 2026; ingestion is built around CDR connections, with manual assets and liabilities available for net worth. Kleev is the opposite: CSV upload is the entire model, parsed in your browser with no bank connection involved.

Is Frollo better than Kleev for property?

Frollo tracks property only as a manually added net-worth asset; we found no loan amortisation, offset modelling, rental cashflow or yield features. Kleev models each property with its loans, offset accounts and what-if projections, a statement grid, cashflow, valuations and expenses, which makes it the clear pick for property investors.

Is the Frollo consumer app still maintained?

Yes. As at July 2026 the app is alive and updated (an iOS release shipped in mid-July 2026) with no discontinuation notice anywhere on Frollo's site. It's fair to say the company's marketing energy is focused on its broker and enterprise products, while the free consumer app continues as a maintained product.