Cleo launches new ‘AI money coach’ to help fix your spending habits

UK-based fintech Cleo, known for its AI-powered budgeting app, has launched its most advanced product to date. Dubbed Cleo 3.0, the new version introduces features such as voice interaction, long-term memory, and improved reasoning capabilities.

Barney Hussey-Yeo, Cleo’s founder and chief executive, said Cleo 3.0 is less chatbot and more “conversational AI money coach.” Users can now have real-time voice conversations with Cleo, which the company says makes financial help feel more natural and accessible.

“Cleo remembers your goals, learns your habits, and delivers personalised financial guidance previously only available to the wealthy,” said Hussey-Yeo, who founded the fintech in 2016.

You connect the app to your bank account, and Cleo uses AI to look at your spending, income, and habits. Then “she” gives you helpful insights, like how much you can afford to spend this week or where you’re overspending. 

The tool now allows users ...