UK – Cleo, a London, UK-based digital assistant that supports people throughout their financial lives, from their first paycheque to their first home, raised USD80M in Series C funding.
The round was led by Sofina, with participation from EQT Ventures, Balderton and LocalGlobe. The company intends to use the funds for continued US growth, including a significant increase in employee headcount from 140 to over 220 and continue iterating and improving on its product suite.Founded in 2016 by Barnaby Hussey-Yeo, CEO, Cleo supports and empowers young people to form better money habits via a digital assistant. With a chat, Cleo can automate a money life and remove the stress of decision making with personal advice based on the user’s specific needs and financial history.29/06/2022
