2 place 37

225 Gen Z fintech Cleo more than doubles revenue

UK Tech News
Abbianca Nassar @ UK Tech News 3 place · 07/04/2024 08:13 EDT

Gen Z fintech Cleo more than doubles revenue

Revenues at London-based Cleo more than doubled in 2023 as the Gen Z-focused financial health startup reduced costs and grew subscribers. Cleo reported a turnover of $65.9m in 2023, its latest accounts show, marking a 121% year-over-year increase. Cleo said it reached an adjusted break-even by December 2023, citing a “higher conversion and utilisation” of ...

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