Cleo Unveils Revolutionary 3.0 AI Money Coach

UK fintech Cleo has launched Cleo 3.0, its most sophisticated budgeting app yet. This update introduces voice interaction, long-term memory, and personalized insights for users. Founder Barney Hussey-Yeo describes it as a 'conversational AI money coach.' The app leverages OpenAI’s o3 model and claims 20 times higher engagement than traditional banks. Cleo anticipates over 1 million paid subscribers and an ARR of $250 million this year.