Comparison · Checked 9 August 2026
Klera vs Ivy Wallet
This one has an unusual answer: Ivy Wallet is discontinued. It was a genuinely lovely open-source Android money manager, and it is no longer maintained — the project was declared unmaintained in November 2024 and its repository was archived read-only in April 2026. The final build still runs and the code can still be forked, but it will receive no fixes and no compatibility work as Android moves on. If you are still using it, the sensible move is to export your data now rather than after something breaks. Klera is one option for where to go next; it is offline and no-account like Ivy was, though closed-source, which Ivy was not.
Disclosure: Klera is our app, so treat this as an interested source and check anything that matters to you. We have tried to describe Ivy Wallet the way its own users would, and the "where Ivy Wallet wins" section below is not padding — if it fits you better, use it.
Side by side
| Klera | Ivy Wallet | |
|---|---|---|
| Actively maintained | Yes | No — unmaintained since late 2024 |
| Source repository | Closed source | Open source, archived read-only April 2026 |
| Future Android compatibility | Maintained | No one is working on it |
| Bug fixes and support | Yes | None |
| Works offline with no account | Yes — every feature | Yes |
| Interface | Focused and quiet | Excellent — a genuine high point |
| Encrypted backup with restore | Your own Google Drive, passphrase-locked, automatic | Local export only |
| Investments & net worth | Stocks, gold, FDs, SIPs, insurance with XIRR | Basic |
| Loan manager | Amortisation schedule, rate changes, auto-EMI | No |
| Udhaar / money lent to friends | Dedicated ledger with UPI settle links | No |
| Statement import | PDF, Excel, CSV with duplicate detection and undo | CSV import |
| Scheduled and recurring transactions | Yes, with reminders | Planned payments |
| Ads | Yes, on the free tier | None |
| Cost | Free, ad-supported | Free |
Where Ivy Wallet wins
- The design was excellent, and it is worth saying plainly: Ivy Wallet had one of the best interfaces of any Android money manager, and plenty of people are still using it because nothing they have tried since feels as good.
- It was open-source, so its privacy claims were verifiable in a way ours are not. If that is your requirement, an actively maintained open-source tracker is the better direction — not us.
- It shows no ads at all. Klera is ad-funded.
- The final build still works today, and the code remains forkable — if you have the skills and the inclination, keeping your own build alive is a legitimate choice.
Choose Ivy Wallet if: you have it working, you have exported a backup you trust, and you would rather stay put than move — which is reasonable for now, as long as you know no fix is coming if it breaks.
Where Klera wins
- Someone is still working on it. That is the whole difference and it is not a small one — a personal-finance record is a multi-year asset, and an app that no longer gets compatibility fixes is one Android release away from becoming a problem you have to solve in a hurry.
- A backup you can actually restore. Klera keeps an encrypted copy in your own Google Drive, refreshed daily or weekly, restorable on a new phone with a passphrase only you know. Ivy left you with a manual export you had to remember to take.
- Considerably more finance coverage: investments valued live with true XIRR, a full loan manager with amortisation schedules and EMIs, and a net-worth view that nets everything against your loans and card dues.
- An udhaar ledger for money lent to friends and family, with partial settlements, reminders, UPI settle links and a per-person statement PDF.
- Statement import from PDF, Excel and CSV, parsed on your phone with auto-categorisation, duplicate detection and one-tap undo — which makes moving several years of history in from another app a single step.
Choose Klera if: you want to move to something maintained without giving up the offline, no-account posture that made you choose Ivy Wallet in the first place.
Common questions
Is Ivy Wallet discontinued?
Yes. The project was declared no longer maintained in November 2024, and its GitHub repository was archived read-only in April 2026. The final release is still downloadable and still runs, but it receives no updates, no bug fixes and no support, and compatibility with future Android versions is not guaranteed.
Is Ivy Wallet still safe to use?
It works today, and being offline it is not exposed the way an abandoned cloud service would be — there is no server to shut down and no account to be breached. The real risk is slower: an Android update eventually breaks something, and nobody ships a fix. Since your ledger only exists on that one device, the urgent thing is not to stop using it today but to make sure you have an export you can actually read elsewhere.
How do I export my data from Ivy Wallet?
Use its own backup/export feature to produce a CSV while the app still runs, and store that file somewhere durable. Do it now rather than later — an export you cannot generate because the app will not launch is the failure mode worth avoiding. You can then import that CSV into Klera, which parses it on your phone, auto-categorises the rows and flags duplicates before saving anything.
What is the best alternative to Ivy Wallet?
Depends what you liked about it. For the design and the open-source guarantee, Cashew is the closest actively maintained match and the one we would point most Ivy users to first. For maximum depth, Money Manager. For staying offline while adding investments, loans and lending, Klera. We compare all of them here, including where each beats us.
Is Klera open source like Ivy Wallet was?
No, and that is a genuine downgrade on that specific axis. What we offer instead is testable behaviour rather than promises: turn on airplane mode and confirm every feature still works, check the permission list, and read the privacy policy, which lists every network call the app makes and what each one sends. If verifiable source code is a hard requirement, an actively maintained open-source tracker is the more honest recommendation.
Read next
Try Klera with the network off.
Free, no sign-up, nothing to cancel. If it does not fit, Ivy Wallet is a good app.