Personal Finance bot ‘Cleo’ Arrives on Facebook Messenger

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Cleo, a chatbot that is aiming to become the Siri of personal finance, has arrived on Facebook Messenger after picking up backing from a host of big names, including the founders of Skype and Wonga.

London-based Cleo integrates with users’ bank accounts through a deal with SaltEdge Financial Aggregator and then uses AI to analyse spending habits and transaction histories to help with money management.

Earlier this month the company revealed that it has raised $700,000 from big names including Skype founder Niklas Zennström, Wonga co-founder Errol Damelin and Zoopla co-founder Alex Chesterman.

Source: FinExtra

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