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Sep 14, 2023 · Cleo is best contacted from within the app by asking the chatbot to put you through to a human. Is Cleo any good? Cleo has enjoyed massive success in terms of account openings since its inception, and the number of people who continue to use its service is a great testament to the quality of service the AI financial assistant is offering.
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Cleo may be AI but I trust in Cleo to help me manage my money. I absolutely love the roasting feature, definitely my fave. And like the app says that it can help build your credit. If you have direct deposit you can borrow up to $250 if approved according to your direct deposit. Date of experience: August 16, 2024.
May 10, 2024 · “You can drive very good outcomes from these models." To date, Cleo has raised just shy of $140 million, including an $80 million round that it closed in July 2022, which was led by Sofina Capital.
Sep 27, 2024 · Other Cleo Reviews From Users. Cleo currently has a 4 and 4.6 star review average on the Google Play store and iOS store respectively, and the app certainly generates a lot of great press and feedback. From the other Cleo reviews I've read, it seems like people generally like Cleo Plus for its cash advance feature. People also enjoy its ...
- Android, Ios
- Cash Advance Apps
- The Deal
- Is It Safe?
- Sustainable Option
- Unique Selling Points
- The Plus Points
- Any Drawbacks?
- Cost of Use
- How Do These Costs Compare to Competitors?
- Other Options
Cleowas launched in 2016 by former Wonga data scientist Barnaby Hussey-Yeo. Now with more than 3.1 million users, it is one of the fastest-growing fintechs ever. The digital ‘friend’ connects to your bank accounts to track your spending, manage your budget and recommend ways to save more. Aimed at people aged under 35, Cleo will engage in games and...
You might have reservations about providing a third-party app with your personal banking credentials. However, Cleo’s access is read-only, so it can’t touch your money. It connects to your accounts through Open Banking (a relatively new development where banks now have to supply your financial data to third parties if you ask them to). Cleo is also...
Cleo is a budgeting app and doesn’t access or invest your money. It therefore doesn’t have any sustainable options. However, it does have plans to launch an investment platform so it would be good to see ethical funds on offer – particularly as sustainable investing is of growing importance to its target age group.
Cleo+.Get extras such as cash back or a salary advance of up to £100 with Cleo’s subscription service.Chat with Cleo.Use the in-app chat function and get ‘roasted’ or ‘hyped’ about your spending habits.Cleo Game– Have Cleo ask you questions each week about your finances (these will mostly be about your spending habits the previous week). If you get the answers right, you’ll be entered into a draw...Credit builder card– Cleo recently launched a new secured credit card to help people build their credit scores. It comes with no fees and no credit checks. You put cash into a security deposit to u...Track your spending.See where your money goes each month with spending split into categories.Set budgets.Put spending budgets in place for trips away or nights out and get alerts when you’re near your limit.Save automatically.Cleo’s algorithm can detect when you can afford to save and prompt you to transfer spare cash into an e-savings account.Set goals.Set multiple goals to help you reach your savings targets.Cleo is firmly aimed at a younger age group. The ‘banter’ clearly works well for its target audience, but not everyone will feel motivated by being told to “sort your sh*t out” and “unf*ck your cre...Cleo says its salary advance feature is an answer to “extortionate” overdraft fees. With a £5.99 monthly fee, you’ll need to decide if this amount as a percentage of your advance (which is a maximu...Cleo’s basic service (tracking, budgeting and spending analysis) is completely free. The Cleo+service, which includes salary advance and cash back offers, is £5.99 per month. You can earn cash back by: Money Makers– Choose five places you shop regularly such as McDonalds and Uber and earn instant cash back to your Cleo wallet each time you spend wi...
Cleo’s main competitors, Snoop, Emma, Yolt and Money Dashboard are free to use, making their money from commissions when you take up an offer with one of their financial partners. Emma does offer a paid subscription service – Emma Pro – which give you a slightly more tailored service for £6.99 a month or £41.99 a year. However, Cleo does hold a uni...
Similar apps worth considering are: Snoop Emma Money Dashboard Yolt Moneyhub Good With Money occasionally uses affiliate links to providers or offers, where relevant. This means that if you open an account or buy a service after following the link, Good With Money is paid a small referral fee. We choose our affiliates carefully and in line with the...
Jan 26, 2024 · The fact that Cleo uses an AI-powered chatbot through a popular app like facebook messenger is great. Chatbots are the future of most online interactions, and if they are done well, a chatbot can be better than a person. With Cleo, you can begin to save money, track and reduce the amount you spend. This will help you to save cash, which you can ...
People also ask
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Does Cleo use artificial intelligence?
Jul 1, 2024 · The company was founded in 2016, is headquartered in New York City, and is available in the US and the UK. The app is well-regarded by users. It has a Trustpilot score of 4.4 out of five stars, with over 3,000 reviews. A full 81% of those reviews gave Cleo an excellent rating, and another 7% rated it as good.
