Cleo: Budget & Cash Advance

Cleo is an AI-powered financial management application that aims to simplify and improve your money life. Through a simple chat interface, users can ask Cleo questions and learn about their finances without feeling overwhelmed or bored. One of the main features of Cleo is its ability to provide insights into your spending habits. Users can ask Cleo questions like how much they spent on takeout last month, which can help them identify areas where they may be overspending. In addition to providing financial insights, Cleo also offers various tools to help users save money. This includes a cash advance feature with no interest, credit checks, late fees, or direct deposit requirements. Users can also take advantage of a high-yield savings account with an APY of 4.11%, which is almost nine times higher than the national average. Cleo also offers personalized challenges to help users improve their spending habits. These challenges are tailored to each individual's specific spending patterns and can provide motivation by showing how much money can be saved by cutting back on certain expenses. For those looking to build their credit, Cleo offers a Credit Builder subscription that includes a credit score coaching feature and a credit card with a 0% APR and a $1 minimum deposit. Users can also access their paychecks up to two days early by setting up direct deposits. It's important to note that Cleo is not a bank, but rather partners with Thread Bank, Member FDIC, to provide banking services. The application also offers different subscription options, including Cleo Grow, Cleo Plus, and Cleo Credit Builder, each with varying features and benefits. Cleo takes data privacy seriously and is not affiliated with other financial apps such as Credit Karma, Experian, or Chime. Users can learn more about how their data is shared and protected by visiting the privacy policy page on the Cleo website. Overall, Cleo aims to make managing finances easier and more accessible for everyone.