{"id":13654,"date":"2019-09-24T06:41:38","date_gmt":"2019-09-24T06:41:38","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13654"},"modified":"2019-09-24T06:41:38","modified_gmt":"2019-09-24T06:41:38","slug":"startup-cleo-moves-beyond-simple-banking-application-to-financial-advisor","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/startup-cleo-moves-beyond-simple-banking-application-to-financial-advisor\/","title":{"rendered":"Startup Cleo moves beyond simple banking application to financial advisor"},"content":{"rendered":"

A seemingly infinite number of startups and simple banking applications offer users the ability to easily track and view their spending habits. But English startup Cleo is taking this a step further by not only letting users track where their money is going but also letting them actively influence this. Cleo, a self-described financial advisor, helps users budget by letting them proactively set spending rules (i.e. no more than USD XX to be spent at restaurants per week\/month). Cleo also hopes to eventually give users the chance setup blocked transactions that will automatically block any transaction that violates the user\u2019s rules.<\/span><\/p>\n

 <\/span>Cleo works by linking banking information with the Facebook Messenger app. Cleo then communicates with the user as a chatbot via the Messenger app. Cleo also offers users the chance to save money in a separate account and, via a paid subscription, get cashback rewards.<\/span><\/p>\n

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