| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | UK |
| Sector | Fintech |
| Total raised | $140M total |
| Collapse type | Mass Layoff Spiral |
| Founder | Barnaby Hussey-Yeo |
Cleo Layoffs
"The AI money coach that raised $140M on viral TikTok growth — and discovered that users who can't save money also can't pay subscription fees"
Cascading layoffs that accelerated the decline
Key Events Timeline
Cleo built an AI financial assistant targeting young adults, integrating with bank accounts to provide budgeting insights and cash advances via conversational chat.
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