Cleo
Cleo offers a range of financial services including cash advances, budgeting tools, and credit building features through a mobile app that integrates with users' bank accounts.
Financial Services
Cleo offers a variety of financial services, including cash advances, budgeting tools, and credit-building features. The company provides cash advances up to $250 without interest or credit checks, making them accessible to gig workers and individuals with poor credit. Additionally, Cleo's AI assistant offers personalized financial advice, helping users manage their budgets more effectively.
Subscription Tiers: Cleo Grow, Cleo Plus, and Cleo Builder
Cleo provides different subscription tiers to cater to diverse financial needs. These include Cleo Grow, Cleo Plus, and Cleo Builder. The Cleo Plus subscription offers access to cash advances, credit score insights, and personalized saving tools. Each tier provides varying levels of financial tools and services, ensuring that users can choose a plan that fits their specific requirements.
Innovative Financial Tools
Cleo integrates a range of innovative financial tools designed to improve user financial health. The 'Haggle It' tool employs AI to negotiate better deals on rent, bills, and interest rates. The 'Swear Jar' feature fines users for spending at guilty pleasure stores, adding the collected amount to their savings. Additionally, Cleo's 'Round Ups' feature rounds up purchases to the nearest dollar and adds the extra to the user's savings.
High-Yield Savings Account
Cleo offers a high-yield savings account with an APY of 4.11%, which is almost nine times higher than the national average. This account helps users grow their savings more rapidly and provides a robust option for those looking to maximize their savings.
Credit Builder Card
The Cleo Credit Builder Card, issued by WebBank, assists users in building their credit without interest or credit checks. This feature is particularly beneficial for those looking to improve their credit scores, providing an accessible way to establish or rebuild credit.
