6 years ago

Cleo Secures Venture Debt from TriplePoint Capital to Fuel Expansion and Premium Offering

  • Cleo, a London-based fintech startup offering a digital assistant to manage finances, has received venture debt funding from TriplePoint Capital

  • The amount of the funding is undisclosed but is estimated to be in the single-digit millions

  • This funding will bridge Cleo's financial needs before its Series B round later this year

  • The investment will support the launch of Cleo Plus, a premium offering with perks like rewards and cash advances, and the company's expansion into the US market.

      • ProblemFinancial Services

      "People are confused about their spending habits and lack easy access to financial tools. "

      Solution

      "Cleo is a chatbot that helps users track and manage their spending, providing insights and tools for saving and setting financial goals."

      Covered on