7 years ago

Cleo Raises $10 Million to Become the Global Interface for Money

  • Cleo, a digital financial assistant, has raised $10 million in Series A funding led by Balderton Capital

  • The round brings Cleo's total funding to $15 million

  • Cleo aims to become the global interface for money, offering personalized financial insights, savings targets, and intelligent answers to user questions

  • The company has over 600,000 users, primarily millennials, who interact with Cleo through Facebook Messenger

  • Cleo is expanding internationally after a successful launch in North America in 2018

  • The company plans to launch its own range of financial products.

      • ProblemFinancial Services

      "making traditional banking unresponsive to younger generations' financial needs"

      Solution

      "a digital financial assistant that helps users manage their finances, set targets, track spending, and answer questions intelligently"

      Covered on