United Kingdom · Payments & e-money
Cleo AI LTD.
Trading asCleo
Cleo AI Ltd. is a private limited company incorporated in England and Wales in 2015. Its head office is in London. The Financial Conduct Authority (FCA) registers it as an account information service provider under the Payment Services Regulations 2017. According to its 2024 accounts it has no controlling party, and venture investors including Sofina and EQT Ventures have backed it. Through the Cleo app it offers consumers an AI financial assistant for budgeting and saving, plus cash advances and a credit-builder card, mainly in the US through its subsidiary Cleo AI, Inc.
Licences and registrations
Held by Cleo AI LTD. (LEI 213800K5HGWYL69PXZ62). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - Payment Institutions & RAISPsFCA | Registered Account Information Service ProviderAccount Information Service Provider | 806670 | United Kingdom | Active | 2019-03-01 | — |
|
Search the register ↗ |
Trading names on the register: Cleo (FCA-PSD)
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Ownership
Venture-backed
Firm type
Open banking
Trades as Cleo
- Standing
- The firm is active on the FCA register and at Companies House. Cleo relaunched its app for UK customers in February 2026. It had served only US customers for several years before that.
- Ownership
- The directors state in the 2024 accounts that no single party controls the firm. Its shareholders include venture investors and employees who hold equity.
- Head office
- Fourth Floor, The Gilbert, 40 Finsbury Square, EC2A 1PX London, United Kingdom
- Company register
- Companies House 09864205
- Incorporated
- 9 Nov 2015
- Founder
- Barney Hussey-Yeo
Online
- Websites & references
- meetcleo.com ↗
web.meetcleo.com ↗ main web app and legal pages, including the UK terms - Official social accounts
- None found
Sources · 10 pages consulted
- find-and-update.company-information.service.gov.uk/company/09864205
- find-and-update.company-information.service.gov.uk/company/09864205/officers
- find-and-update.company-information.service.gov.uk/company/09864205/filing-history
- find-and-update.company-information.service.gov.uk/company/09864205/filing-history?page=2
- find-and-update.company-information.service.gov.uk/company/09864205/filing-history/MzQ3MjE1MTE3MWFkaXF6a2N4/document?format=pdf&download=0
- web.meetcleo.com/page/uk/term-conditions
- meetcleo.com
- web.meetcleo.com/company
- ftc.gov/news-events/news/press-releases/2025/03/cash-advance-company-cleo-ai-agrees-pay-17-millio
- prnewswire.co.uk/news-releases/cleo-brings-ai-powered-money-management-back-to-the-uk-302679663.html
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA registers the firm as an account information service provider under the Payment Services Regulations 2017, firm reference 806670. In the UK, Cleo AI (UK) Ltd provides the service as the firm's registered PSD agent (FCA reference 1053058), and Cleo AI Ltd remains legally responsible for it.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Registered Account Information Service Provider | 806670 | In its own name | Active | web.meetcleo.com ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Not applicableThe firm states in its UK terms that it does not receive customer funds and cannot send funds on a customer's behalf.
- Deposit-holding bank
- Thread Bank United States
- Card issuer
- WebBank United States
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
Cleo is an AI financial assistant app that reads users' linked bank accounts to give budgeting and savings guidance. It sells paid subscriptions and, in the US, cash advances and a secured credit-builder card.
According to the 2024 accounts, all group revenue came from the United States. The firm relaunched a UK service in February 2026.
- Revenue
- USD 135.7m
- Sells to
- Consumers
- Serves customers in 2 countries
- United States · United Kingdom
- Latest funding round
- Series C · USD 80m May 2022Led by Sofina
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Barnaby (Barney) Hussey-Yeo Founder & CEO; Director
- Executive
- Tomas Leonardo Mendoza-Gutfreund Non-executive Director
- Executive
- Robert Warriner Moffat Non-executive Director
- Executive
- Anthony Keusters Non-executive Director
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Other
Cleo relaunched its AI money management app for customers in the United Kingdom.
prnewswire.co.uk ↗ -
Enforcement
The FTC settled allegations of deceptive cash advance claims against subsidiary Cleo AI, Inc., which agreed to pay USD 17 million without admitting them.
ftc.gov ↗ -
Funding
The firm raised USD 38.8 million through convertible loan notes issued to existing investors.
find-and-update.company-information.service.gov.uk ↗ -
Funding
The group closed a USD 60 million warehouse debt facility with HSBC.
find-and-update.company-information.service.gov.uk ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · FCA-PSD
- 806670
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate on the UK company number the register gives
- Elucidate firm ID
- 883b6b0b353e
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Small-firm registrationRegistered under a lighter regime for small or exempt firms, e.g. a small payment institution or an account-information service provider.
- Main licence class
- Account Information Service Provider
- Activities
- Account information
- Licensed in
- United Kingdom · Europe & Central Asia
- First registered
- 2019-03-01
- Website
- www.meetcleo.com ↗
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Address on the register
- Fourth Floor, The Gilbert, 40 Finsbury Square, London, EC2A 1PX
- Country
- United Kingdom
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<LEI>213800K5HGWYL69PXZ62</LEI>
<Nm>CLEO AI LTD.</Nm>
<PstlAdr>
<PstCd>EC2A 1PX</PstCd>
<TwnNm>London</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>Fourth Floor, The Gilbert</AdrLine>
<AdrLine>40 Finsbury Square</AdrLine>
</PstlAdr>
</FinInstnId>CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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