Cleo, a UK based personal finance chatbot business, has raised £65mn funding.
In Brief:
Cleo offers an AI-based chatbot which helps users manage their personal finances.
The round was led by European investor Sofina.
It brings Cleo’s valuation to $500mn.
What does this mean?
Cleo was founded in the UK but now has the US as its core market. It will use the new funding to increase its workforce.
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This partnership marks a significant milestone as PayPal remains one of the preferred payment options for Mollie's customers
Sumsub integrates Elliptic’s blockchain analytics to enhance crypto wallet screenings and risk assessment capabilities for clients.
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The proposal aligns with European regulators’ push for banking sector consolidation, aiming to enhance competitiveness and efficiency in the fragmented Italian market...
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