About Cleo AI
Cleo AI is a Technology company based in London (United Kingdom) founded in 2015 by Chitra Akileswaran and Barnaby Hussey Yeo, and was acquired by Wellthy in September 2026. It operates as a cloud and AI-based chatbots for personal finance management are offered. Cleo AI has raised $175.49 million across 9 funding rounds from investors including State Bank of India, Wellthy and Balderton Capital. Cleo AI was last valued at $106.12 million in April 2020. Its chief executive is Barnaby Hussey Yeo. Its website meetcleo.com draws about 655 thousand monthly visits. Its focus areas include High Tech, Chatbots, Personal Assistants and Finance Assistants. Its legal entity is CLEO AI LTD. Its competitors include Snoop, Penny, Talkbank, Olivia AI and Mintzip and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Cleo AI was founded in 2015 in London, United Kingdom, and operates in the personal finance sector. Cloud-based AI chatbots are provided to assist with expense management, bill payment reminders, and daily spending optimization. Spending habits are analyzed to deliver insights and recommendations for cost savings. Salary advances are also extended to users through an app-based platform compatible with iOS and Android devices.
- Headquarters London, United Kingdom
- Founders Chitra Akileswaran, Barnaby Hussey Yeo
- Stage Minicorn
- SectorsTechnology
- Website category Finance · Financial Planning and Management
- Email••••••••
- Website meetcleo.com
- Social LinkedIn X Facebook
- Acquired by Wellthy (Sep 2026)
- Legal Name Cleo Ai Ltd.
- Date of Incorporation 09 Nov, 2015
- Jurisdiction ALTRINCHAM, CHESHIRE, UNITED KINGDOM
- Total Equity Funding$175.49M (USD)
in 9 rounds
- Latest Funding Round$80M (USD), Series C
Apr 2022
- InvestorsState Bank of India
& 21 more
- Acquired byWellthy
(Sep 2026)
Apps and channels of Cleo AI
Cleo AI publishes 1 mobile app with over 1M+ downloads.
Funding Insights of Cleo AI
Cleo AI has successfully raised a total of $175.49M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $80 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $175.49M
- Total Rounds 9
- Last Round Series C — $80M
- Investors Count 21
All 9 funding rounds of Cleo AI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $80M | Series C | – | Sofina | |
| Dec 2020 | $44M | Series B | – | EQT Ventures | |
| Apr 2020 | $36.63M | Series B | $106.12M | – | – |
| Jun 2019 | – | Debt – Venture | – | – | |
| Jul 2018 | $11.5M | Series A | $36.85M | Balderton Capital | |
| May 2018 | – | Angel Round | – | Taavet Hinrikus | – |
| Jul 2017 | $2.61M | Seed | – | LocalGlobe | |
| Sep 2016 | $748,558 | Seed | $••••• | Niklas Zennstrom, Alexander Edward Chesterman | – |
| Dec 2015 | – | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2020 | $106.12M | •••••••• |
| Jul 2018 | $36.85M | •••••••• |
| Sep 2016 | $••••• | •••••••• |
Full valuation and stage history of Cleo AI
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $106.12M (Apr 2020). 22 investors in total: 8 institutional and 14 angel.
Investors in Cleo AI
Cleo AI has secured backing from 22 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Bank of India, Wellthy and Balderton Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are provided by Sofina to emerging companies. | – | sofinagroup.com | Brussels, Belgium | |
Venture capital investments in technology and innovation sectors. | – | eqtventures.com | - | |
Multistage venture capital investments are focused on technology sectors. | 2000 | balderton.com | London, United Kingdom | |
Venture capital firm focused on seed-stage investments | – | localglobe.vc | London, United Kingdom | |
Provider of a program turning individuals into funded technology company founders | – | joinef.com | London, United Kingdom | |
Venture finance services, including debt and equity, are provided to capital-backed companies globally. | – | triplepointcapital.com | - | |
Commercial banking and financial services are provided to diverse clients. | 1806 | sbi.co.in | Mumbai, India | |
MR Matt Robinson | - | – | unknown_09ff35ce50ff4e939 | - |
ED Errol Damelin | Serial entrepreneur, angel investor, founder of Wonga, active in fintech | – | unknown_1ddd64fbba624527a | - |
TH Taavet Hinrikus | - | – | unknown_cae865be9d6b4291b | - |
Investor details for Cleo AI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Cleo AI
35 people are tracked at Cleo AI (13 in leadership, 22 in team).
| Name | Role | Group |
|---|---|---|
Chitra Akileswaran | Co-Founder | Leadership |
Barnaby Hussey Yeo | Co-Founder & CEO | Leadership |
Barney Hussey-Yeo | Founder & CEO | Leadership |
Chris Hamblin | VP, Growth | Leadership |
Marika Lõhmus | Head of Risk and Payments | Leadership |
Kyle Booysens | Director Of Strategic Finance | Leadership |
Sam Taylor | VP of Technology | Leadership |
Chung Ip | CFO | Leadership |
Benjamin Pettit | Head of Machine Learning | Leadership |
Sophia Lazare | Head Of Product - Discovery & Innovation | Leadership |
Hugh van Niekerk | Director Strategy & Business Operations | Leadership |
Tamara M. | Head Of People Partnerships | Leadership |
Colin Jones | VP of Legal & Compliance | Leadership |
Marco Hiscox | Strategic Finance Lead | Team |
Angela Guette | Senior Backend Engineer | Team |
Gavin Morrice | Staff Engineer | Team |
Maximilian Bann-Murray | Growth Marketing Manager (diversification) | Team |
Scott Hanna, CPA | Strategic Finance Manager | Team |
Fell Sunderland | Backend Chapter Lead | Team |
Rhys C. | Tech Lead | Team |
15 more people are available in the full profile.
Complete people profiles for Cleo AI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Cleo AI
5 dated milestones of Cleo AI across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Cleo AI is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $80.0M.
- Exit Acquired by Wellthy.
Competitors of Cleo AI
Cleo AI has 8 listed competitors in our database, 6 of them funded. They include Snoop, Penny, Talkbank, Olivia AI and Mintzip, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| snoop.app | 2018 | London, United Kingdom | $42.32M | 27 | Expense management for individuals is enabled via a mobile app. | |
| pennyapp.io | 2015 | San Francisco, United States | $1.32M | – | Personal expenses are tracked and analyzed via chat-based interface. | |
| talkbank.io | 2016 | Moscow, Russia | $4.01M | – | Provider of a virtual chatbot for finance and commerce | |
| olivia.ai | 2015 | San Francisco, United States | $6.43M | – | Personal finances are managed and optimized by AI-driven insights. | |
| mintzip.com | 2017 | Delhi, India | $253,817 | – | Savings and money management platform | |
| optio.ai | 2016 | Tbilisi, Georgia | $120,000 | – | Personalized finance advice is delivered through AI chat integration. | |
| fincheck.com | 2016 | Tel Aviv, Israel | – | – | AI-based conversational finance bot | |
| direxyon.com | 2001 | Montreal, Canada | – | 53 | AI-driven financial planning solutions are offered to asset managers. |
Detailed competitors of Cleo AI
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Cleo AI
The website of Cleo AI (meetcleo.com) receives about 654.8K visits a month and ranks #109,528 among all websites worldwide, #6,884 in Financial Planning and Management.
- Monthly visits654.8K
▲ 39.1% vs previous month
- Unique visitors294.7K
per month
- Global rank#109,528
among all websites
- Category rank#6,884
Finance · Financial Planning and Management
- Bounce rate41%
- Pages per visit2.3
- Average visit31 sec
- DevicesDesktop 12% · Mobile 88%
Websites whose visitors overlap most with Cleo AI. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
openbanking.org.uk | openbanking.org.uk | 100% | – | – | – |
| withplum.com | 100% | 383.8K | #164,369 | View details | |
nmlsconsumeraccess.org | nmlsconsumeraccess.org | 100% | – | #115,903 | – |
statemortgageregistry.com | statemortgageregistry.com | 100% | – | #79,562 | – |
| boldermoney.com | 100% | 2.1K | #7,277,273 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 27 similar websites and full traffic analytics for Cleo AI
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 27 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Chatbots
10 companies that operate in the same segment as Cleo AI (Chatbots), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based omnichannel communication and customer engagement platform is utilized. | 2008 | San Francisco, California, United States | USD 239.77 M | USD 5.07 B | 5,540 | |
Cloud-based business process management suite solutions are delivered. | 2010 | San Mateo, California, United States | USD 400.05 M | USD 838.81 M | 4,500 | |
AI-based conversational solutions are provided for user interactions and learning. | 2021 | Menlo Park, California, United States | USD 193 M | – | 325 | |
Cloud-based unified communication solutions including voice and video are provided. | 2011 | San Ramon, California, United States | USD 475.91 M | USD 4.12 M | 1,511 | |
Provider of AI and cloud based contact center suite solutions | 2001 | San Ramon, California, United States | USD 84.1 M | USD 1.15 B | 3,070 | |
Provider of customer communications management platform | 2008 | Stockholm, Sweden | USD 12 M | USD 2.94 B | 4,080 | |
Conversational AI platform is provided for digital customer experiences. | 1995 | New York, New York, United States | – | USD 312.47 M | 928 | |
Cloud based platform for employee communication | 2016 | Mountain View, California, United States | USD 315 M | USD 2.49 M | 643 | |
AI-powered conversation intelligence and automation are provided for contact centers. | 2017 | Redwood City, California, United States | USD 213.35 M | USD 10.89 M | 145 | |
Enterprise AI models are developed and tuned for business integration. | 2022 | Palo Alto, California, United States | USD 1.53 B | – | 84 |
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Related news about Cleo Ai
Complete news archive for Cleo AI
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Frequently Asked Questions about Cleo AI
Cleo AI was founded in 2015.
Cleo AI is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Barnaby Hussey Yeo is the current CEO of Cleo AI. They have also founded this company.
Cleo AI is a funded company, having raised a total of $175.49M across 9 funding rounds to date.
Cleo AI was founded in 2015 in London, United Kingdom, and operates in the personal finance sector. Cloud-based AI chatbots are provided to assist with expense management, bill payment reminders, and daily spending optimization. Spending habits are analyzed to deliver insights and recommendations for cost savings. Salary advances are also extended to users through an app-based platform compatible with iOS and Android devices.
Cleo AI has 22 investors. Key investors include State Bank of India, Wellthy, Balderton Capital, Sofina, and EQT Ventures.
The valuation of Cleo AI is $106.12M as of Apr 2020.
Cleo AI operates through Cleo Ai Ltd..
Yes. Cleo AI was acquired by Wellthy in September 2026.
Yes. Cleo AI publishes Cleo AI: Cash advance & Credit, with over 1 million downloads.
The website of Cleo AI receives about 655 thousand visits a month and ranks #109,528 among all websites worldwide.