#PFM #AI / Financial assistant app Cleo raises $44 million

Cleo, a UK-based financial assistant for Gen-Z, has raised $44 million in Series B funding “to continue fighting for the world’s financial health”…

[Founder and CEO:] “We’re building Cleo to become the financial advisor that a billion people need. One that talks to you like a real person, able to build trust and relationships like a bank never could”.

… deal partner at EQT Ventures, says the start-up and its CEO are “truly disrupting consumer finance” … “They’ve taken a radically different approach to money management and created an AI financial advisor with a personality that proactively delivers personalised insights that help customers spend less and save more… As Cleo is a horizontal platform sitting on top of banks, the company will be able to scale globally faster than most of its competitors.”