Venture Capital
A London-based company, Cleo, aiming to be the "'default interface' for millennials interacting with and managing their money," has received a $10 million Series A funding round, according to TechCrunch, after the digital assistant launched in the U.S. six months ago. Powered by AI, the chatbot plans to use the funding to expand to 22 more countries in the next 12 months. The chatbot is primarily accessed via Facebook Messager and gives users financial feedback across multiple accounts and credit cards. Users are also able to set spending alerts and set aside money, among other features.