--- title: "Cleo AI LTD. · Registered Account Information Service Provider (FCA) · United Kingdom | Elucidate" description: "Cleo AI LTD. is registered with FCA as a registered account information service provider in the United Kingdom. Licence 806670. LEI 213800K5HGWYL69PXZ62. Register status, licences, activities and ownership." url: https://elucidate.co/directory/cleo-ai-ltd-883b6b0b353e --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. Cleo AI LTD. United Kingdom · Payments & e-money # Cleo AI LTD. Trading as Cleo 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. Register status Registered in the United Kingdom (small-firm regime) Registered Account Information Service Provider · FCA Small-firm registration [1 licence or registration ↓](https://elucidate.co/directory/cleo-ai-ltd-883b6b0b353e#licences) BIC **No BIC** LEI **[213800K5HGWYL69PXZ62](https://search.gleif.org/#/record/213800K5HGWYL69PXZ62)** [Licence no. **806670**](https://elucidate.co/directory/cleo-ai-ltd-883b6b0b353e#licences) ## 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 & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA | Registered Account Information Service ProviderAccount Information Service Provider | 806670 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2019-03-01 | — | - Account information | [Search the register ↗](https://register.fca.org.uk/s/) | 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](https://elucidate.co/directory/cleo-ai-ltd-883b6b0b353e#overview-sources) Customers 1,100,000 customers · Group · 31 Dec 2025 · [company statement ↗](https://web.meetcleo.com/company) Employees 500 headcount · Group · 29 Sep 2026 · [company statement ↗](https://web.meetcleo.com/company) 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 ↗](https://www.meetcleo.com/) [web.meetcleo.com ↗](https://web.meetcleo.com/) main web app and legal pages, including the UK terms - **Official social accounts:** None found Sources · 10 pages consulted 1. [find-and-update.company-information.service.gov.uk/company/09864205](https://find-and-update.company-information.service.gov.uk/company/09864205) 2. [find-and-update.company-information.service.gov.uk/company/09864205/officers](https://find-and-update.company-information.service.gov.uk/company/09864205/officers) 3. [find-and-update.company-information.service.gov.uk/company/09864205/filing-history](https://find-and-update.company-information.service.gov.uk/company/09864205/filing-history) 4. [find-and-update.company-information.service.gov.uk/company/09864205/filing-history?page=2](https://find-and-update.company-information.service.gov.uk/company/09864205/filing-history?page=2) 5. [find-and-update.company-information.service.gov.uk/company/09864205/filing-history/MzQ3MjE1MTE3MWFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/09864205/filing-history/MzQ3MjE1MTE3MWFkaXF6a2N4/document?format=pdf&download=0) 6. [web.meetcleo.com/page/uk/term-conditions](https://web.meetcleo.com/page/uk/term-conditions) 7. [meetcleo.com](https://www.meetcleo.com/) 8. [web.meetcleo.com/company](https://web.meetcleo.com/company) 9. [ftc.gov/news-events/news/press-releases/2025/03/cash-advance-company-cleo-ai-agrees-pay-17-millio](https://www.ftc.gov/news-events/news/press-releases/2025/03/cash-advance-company-cleo-ai-agrees-pay-17-million-result-ftc-lawsuit-charging-it-deceives-consumers) 10. [prnewswire.co.uk/news-releases/cleo-brings-ai-powered-money-management-back-to-the-uk-302679663.html](https://www.prnewswire.co.uk/news-releases/cleo-brings-ai-powered-money-management-back-to-the-uk-302679663.html) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/cleo-ai-ltd-883b6b0b353e#overview-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 ↗](https://web.meetcleo.com/page/uk/term-conditions) | 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](https://elucidate.co/directory/cleo-ai-ltd-883b6b0b353e#overview-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. [web.meetcleo.com ↗](https://web.meetcleo.com/page/uk/term-conditions) - **Deposit-holding bank:** Thread Bank United States [meetcleo.com ↗](https://www.meetcleo.com/) - **Card issuer:** WebBank United States [meetcleo.com ↗](https://www.meetcleo.com/) 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](https://elucidate.co/directory/cleo-ai-ltd-883b6b0b353e#overview-sources) - Account information (open banking) - Lending 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 135.7mGroup · 31 Dec 2024 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/09864205/filing-history/MzQ3MjE1MTE3MWFkaXF6a2N4/document?format=pdf&download=0) - **Sells to:** Consumers - **Serves customers in 2 countries:** United States · United Kingdom - **Latest funding round:** Series C · USD 80m May 2022 Led by Sofina [web.meetcleo.com ↗](https://web.meetcleo.com/company) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/cleo-ai-ltd-883b6b0b353e#overview-sources) - **Chief executive:** Barnaby (Barney) Hussey-Yeo Founder & CEO; Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/09864205/officers) - **Executive:** Tomas Leonardo Mendoza-Gutfreund Non-executive Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/09864205/officers) - **Executive:** Robert Warriner Moffat Non-executive Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/09864205/officers) - **Executive:** Anthony Keusters Non-executive Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/09864205/officers) ## Recent events 1 enforcement or investigation item Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/cleo-ai-ltd-883b6b0b353e#overview-sources) 1. Feb 2026 Other Cleo relaunched its AI money management app for customers in the United Kingdom. [prnewswire.co.uk ↗](https://www.prnewswire.co.uk/news-releases/cleo-brings-ai-powered-money-management-back-to-the-uk-302679663.html) 2. Mar 2025 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 ↗](https://www.ftc.gov/news-events/news/press-releases/2025/03/cash-advance-company-cleo-ai-agrees-pay-17-million-result-ftc-lawsuit-charging-it-deceives-consumers) 3. Mar 2025 Funding The firm raised USD 38.8 million through convertible loan notes issued to existing investors. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/09864205/filing-history/MzQ3MjE1MTE3MWFkaXF6a2N4/document?format=pdf&download=0) 4. Jun 2024 Funding The group closed a USD 60 million warehouse debt facility with HSBC. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/09864205/filing-history/MzQ3MjE1MTE3MWFkaXF6a2N4/document?format=pdf&download=0) 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 - **LEI:** [213800K5HGWYL69PXZ62 ↗](https://search.gleif.org/#/record/213800K5HGWYL69PXZ62) - **How the LEI was matched:** Matched by Elucidate on the UK company number the register gives - **Companies House no.:** [09864205 ↗](https://find-and-update.company-information.service.gov.uk/company/09864205) - **Elucidate firm ID:** 883b6b0b353e ## Profile - **Type:** Payments & e-money - **Regulation:** Small-firm registration - **Main licence class:** Account Information Service Provider - **Activities:** - Account information - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · Europe & Central Asia - **First registered:** 2019-03-01 - **Website:** [www.meetcleo.com ↗](https://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. ## Persons with significant control Companies House · company [09864205 ↗](https://find-and-update.company-information.service.gov.uk/company/09864205) · as at 9 October 2026 The company states that no person or legal entity has significant control over it. Companies report persons with significant control to Companies House. Elucidate has not verified them. A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown. Matched on the Companies House number that the FCA register gives for this firm. [See the register at Companies House ↗](https://find-and-update.company-information.service.gov.uk/company/09864205/persons-with-significant-control) ## 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 ```xml 213800K5HGWYL69PXZ62 CLEO AI LTD. EC2A 1PX London GB Fourth Floor, The Gilbert 40 Finsbury Square ``` 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. ## Related institutions ### Other payments & e-money institutions in the United Kingdom - [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l) - [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725) - [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392) - [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l) - [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22) - [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896) - [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5) - [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb) [See all →](https://elucidate.co/directory/search?type=payments&cc=GB) [Other entries on FCA-PSD →](https://elucidate.co/directory/register/fca-psd) 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 →](https://elucidate.co/directory/methodology) Register for this page - **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) as at 9 October 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)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.