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Cleo

AI assistant helping people avoid their overdraft, build credit and budget better.

Summary description

Mobile-based, using AI to enable users to manage finances intelligently

Highly interactive, message based approach to keeping in touch with personal budgets and patterns of spend

Helps individuals (primarily 21 - 29 age cohort) to change behaviour to better manage their expenditure

Opportunity investment thesis

Opportunity to help 21 – 29 cohort to use mobile to improve behaviour to their benefit

Highly interactive communication approach to engage and build trust and relationship

Approach and marketing methodology can be replicated across geographies

Success requires scaling and developing relationship with users to build retention

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