22 June 2022

AI business Cleo raises £65mn

Written By FinTech Alliance

AI business Cleo raises £65mn

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. 

Read more here. 

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