Cleo, a mobile banking digital assistant, raises $10 million in Series A funding round

Cleo, a mobile banking digital assistant, raises $10 million in Series A funding round

The Series A funding round was led by Balderton follows Cleo’s expansion into the US this year, gaining 350,000 US users.

  • Cleo’s AI-powered chatbot monitors your accounts and spending, tracking it by transactions, category, or merchant.
  • CEO Barney Hussey-Yeo hopes to use the funds to further expand the company internationally. Cleo has previously received investments from Entrepreneur First and LocalGlobe.
  • Cleo has about 600,000 users throughout the US, Canada, and the UK.