Cleo AI Ltd

Cleo is a UK-founded financial technology app that offers AI-powered budgeting tools, cash advances, and a credit-building card to US consumers. It is not a bank. Cleo's cash advance and credit card features are available in the United States and are aimed at consumers who want help managing spending and occasional short-term liquidity.

Cleo's budgeting assistant uses a conversational interface to help users track their spending, set limits, and understand their financial habits. This feature is accessible on the basic free tier of the app. Cash advances, however, are only available to subscribers of Cleo Plus or Cleo Builder, which are paid subscription tiers. The monthly subscription cost is a real expense that should be factored into whether the app provides sufficient value for your needs.

The Cleo cash advance provides small interest-free amounts to qualifying subscribers before payday. Standard delivery is free; instant delivery requires an additional fee. As with all cash advance apps, the total cost of an advance depends on the subscription and any fees relative to the amount advanced.

Cleo also offers a credit-building Visa card through a partner bank. This card reports activity to the credit bureaus, which can help build your credit history. It operates on a secured model where you load funds before spending.

Before subscribing to any paid tier, compare Cleo against similar apps including Dave, Brigit, and Albert to determine which offers the best value for your specific situation. Cash advance apps are not suitable as long-term solutions for financial shortfalls. Review all current fee structures and terms directly with Cleo before signing up, as features and pricing can change.