Cleo
Cleo is the world’s first AI assistant dedicated to helping you live beyond your next pay check. She’s engaging and super smart, understanding your unique financial situation to provide personal advice and tools that a bank never could. From building credit to saving more each week, whatever your goal is– Cleo’s got you.
Personal debt is growing. More than a quarter of 24–35 year olds rely on credit cards and overdrafts for everyday spending, according to the FCA. Personal finance can be an incredibly stressful and confusing subject, especially when it comes to managing different accounts and understanding your spending habits.
Cleo is an AI assistant for personal finances. Using machine learning they automatically classify user transactions, deliver relevant insights into spending, and give a clear overview of each user’s finances. Rather than creating a bank, Cleo sits on top of existing infrastructure to give users an more elegant and user-friendly banking experience. From their first salary to their first mortgage, Cleo grows to become the only conversation GenZ needs between them and their money.
Founder
Barney Hussey-Yeo
CEO
Previously a data scientist at Wonga, where he applied machine learning to a range of problems from credit risk to fraud detection. Barney holds a MSc in Machine Learning from the University of Bristol and a BSc (Hons) in Computer Science from The Manchester Metropolitan University. He was named on the Forbes 30 Under 30 list for technology in 2019.
Founded at Entrepreneur First
Seed (£2.5 million) led by LocalGlobe
Series A ($10 million) led by Balderton Capital
Launch in the US
1 million users
Series B ($44 million) led by EQT Ventures
Series C ($80 million) led by Sofina
5 million users
Forbes Next Billion-Dollar Startup