How To Build An AI-powered Money Management App Like Cleo

Do you want to build a powerful money management app like Cleo? Building an app that revolutionizes personal finance management is a challenging endeavor, but with the right approach and understanding, it’s possible to create a user-friendly and effective platform. 

The financial app market, which was valued at USD 1.28 billion in 2022, is poised for significant growth in the coming years. Projections indicate that the industry will expand from USD 1.435392 billion in 2023 to reach a substantial USD 2.80 billion by 2030, exhibiting a promising compound annual growth rate (CAGR) of 12.14% throughout the forecast period of 2023 to 2030. This growth reflects the increasing demand and adoption of financial apps by individuals and businesses, highlighting the significant potential and opportunities within the market.

In this blog post, we will explore the key steps and considerations involved in developing a money management app that emulates the success of Cleo. From integrating artificial intelligence and machine learning algorithms to designing an intuitive user interface, we’ll uncover the essential elements needed to bring your own financial assistance to life. Let’s dive into the world of building a Cleo-like app!

Overview Of The Cleo App

  • Cleo, also known as Meet Cleo, is an AI-powered budget app and chatbot that helps users take control of their finances.
  • Founded in 2016 by Barnaby Hussey-Yeo, Cleo initially operated in the UK but shifted its focus to the US market in 2022.
  • The app follows a freemium business model, offering valuable financial insights to improve spending habits and facilitate better money management.
  • Cleo aims to make financial responsibility more accessible and engaging through its chatbot interface.
  • By analyzing users’ spending patterns, Cleo provides personalized recommendations to save money and reduce unnecessary expenses.
  • It seamlessly syncs with users’ accounts, providing a comprehensive overview of their financial situation.
  • Cleo’s conversational AI and chatbot create a human-like interaction, attracting Gen Z and other users.
  • The app offers a digital wallet feature for secure fund storage and accessibility.
  • Cleo provides users with access to small cash advances of up to $100, with the option to choose a repayment date between three and 14 days after borrowing. 
  • The app offers two service levels: a free plan for Personal Financial Management Services and a Cleo Plus plan priced at $5.99 per month, which allows transfers up to $100 once a payment history is established.
  • Additional services:
    • Cleo Personal Financial Management Services provide insights into spending habits for budgeting and saving money.
    • Cleo Wallet Services offer a dedicated space for setting money aside manually or automatically, although it does not function as a traditional savings account.
    • Budget Management links to the user’s bank account to provide alerts for upcoming bills and expenses, helping to avoid overdraft fees.
    • Cleo Builder, available for $14.99 per month, offers a secured Credit Builder card to help users build their credit score. It also provides cashback on purchases.
  • Available for both Android and iOS users, Cleo caters to a wide range of individuals seeking efficient financial management tools.
  • Its comprehensive features include expense tracking, income monitoring, bill reminders, goal setting, and savings challenges.
  • Leveraging AI and machine learning, Cleo delivers a user-friendly experience to empower individuals to understand their spending habits, save money, and achieve financial goals.
No credit check requiredMaximum $100 cash advance amount
No interest on cash advances$5.99 monthly membership fee
Tools to help save money$4 express transfer fee
Tools to build creditThree to four business days for transfers

Why Invest In A Money Management App like Cleo?

Investing in a money management app like Cleo can potentially open up a lucrative multimillion-dollar business opportunity for individuals. By leveraging the capabilities of such a mobile application, users can effectively streamline their financial management, benefiting from a diverse array of convenient features, which include:

  • Efficient and effective tools for managing personal finances.
  • Budgeting features that help track expenses, set financial goals, and monitor spending habits.
  • Insights and recommendations to help users save money and make informed investment decisions.
  • Personalized financial insights by utilizing artificial intelligence and machine learning for the analysis of spending patterns.
  • Access to financial information, irrespective of time and location, through a user-friendly mobile app.
  • Security and privacy of user data, ensuring that financial information is protected.
  • The convenience of staying organized by categorizing expenses, providing bill reminders, and offering a clear overview of financial transactions.
  • Real-time updates on financial status allow users to stay up to date with their financial health.
  • Educational resources to help users enhance their financial literacy and make informed financial decisions.
  • Future financial planning by offering insights into savings, investments, and long-term financial goals.
Top benefits of using Fintech according to users

Furthermore, effective financial management holds significant importance for individuals worldwide, prompting them to actively seek methods to economize and allocate their funds to lucrative investment opportunities. These compelling facts undeniably demonstrate the prevailing inclination towards prudent money management among the global populace.

mobile app usage for budget
Source: Statista
  • Based on a study carried out by Attest, a considerable proportion of individuals aged under 30 in the United Kingdom (UK) employ various applications to assist them in managing their finances. In terms of frequency, the majority of respondents reported utilizing a budgeting app at least once a month (10 percent), while a noteworthy portion admitted to using it on a daily basis (14 percent). Merely four percent of the participants acknowledged resorting to a budget app more than once per day.
fintech trends you should know in 2023

Consequently, it becomes apparent that the rapid surge in popularity of mobile financial applications can be attributed to their intelligent and user-centric features. Moreover, the remarkable progress of artificial intelligence in app development has further enhanced the dependability, sophistication, and widespread appeal of these financial apps, surpassing all previous levels of recognition.

12 Must-Have Features For An App Like Cleo

Outlined below are a range of features that, when combined, render Cleo an essential tool for individuals seeking effective money management, personalized insights, and the convenience of a user-friendly mobile app. By incorporating similar capabilities into your own app, you can unleash its financial potential and assist your users in achieving greater financial stability and control.

1. Budget Planner

Cleo offers a comprehensive budget planner that allows users to effortlessly track their spending, set budgets, and monitor their financial progress over time.

  • Users can link multiple bank accounts to Cleo for centralized financial management.
  • Cleo provides a breakdown of recent spending, account balances, and spending categories.
  • The category chart helps identify areas of overspending.
  • Users can set a specific monthly budget or rely on Cleo’s recommendations for spending limits.
  • Cleo alerts users when approaching spending limits and may provide gentle reminders.
  • Cleo allows setting savings goals with a progress tracker on the main account screen.
  • This creates a centralized dashboard for account balances, spending, budgeting, and long-term financial goals.

2. Smart Savings

Cleo incorporates a “smart savings” feature where it rounds up each purchase to the nearest dollar and saves the spare change automatically, enabling users to save money effortlessly without any additional effort.

  • Users can manually save by specifying the amount or opt for auto-saving based on weekly habits.
  • Savings are stored in a Cleo Wallet, separate from a traditional savings account.
  • Cleo Wallet is a tool to help users save money, but it doesn’t earn interest or offer FDIC insurance.
  • Cleo Plus users in the U.S. can upgrade their wallet to a savings account with potential interest earnings.

3. Salary Advance

  • As part of its offerings, Cleo provides a no-interest salary advance of up to $100 to help users avoid overdraft fees or bridge financial gaps. 
  • Cleo Plus salary advances up to $100 is an interest-free option.
  • Users can choose a repayment date within three to 28 days.
  • Cleo Score determines eligibility for salary advances and is earned by completing badges and challenges.
  • Unlocking Cleo Score requires fulfilling criteria such as enabling notifications, connecting bank accounts, and setting up a budget.
  • Repayment is automated, but users can pay in full or request an extension once for up to 14 days.

4. AI-Powered Recommendations

  • Cleo acts as a personal assistant for financial advice and guidance.
  • Users can ask questions about upcoming bills, spending habits, largest purchases, and more.
  • Cleo offers honest advice and can provide playful banter upon request.
  • Cleo’s AI-powered assistant provides real-time financial advice and answers questions about bills, spending habits, and upcoming expenses.
  • Cleo uses AI algorithms to categorize and track spending, providing a breakdown of expenses in different categories.
  • The app offers an AI-driven progress tracker for savings goals, helping users stay on track.
  • Cleo’s AI can identify potential problematic spending areas and provide suggestions for improvement.
  • The app utilizes natural language processing to understand user queries and provide accurate responses.

5. Daily Cash

  • Cleo Plus members gain access to Daily Cash, a cash-back reward platform.
  • Three ways to earn rewards: Money Makers (automatic cash-back from selected retailers), Click Throughs (shopping through the Cleo app), and Cleo Offers (challenges for small monetary rewards).
  • Money Makers is a powerful feature, but Click Throughs have a limited selection compared to other platforms.
  • Paying $5.99 monthly for Daily Cash may not be the most cost-effective option.

6. Cleo Credit Builder And Cleo Credit Builder Card

Cleo presents the Cleo Credit Builder program and Cleo Credit Builder Card, providing individuals with limited or no credit history an accessible and affordable means to establish or rebuild their credit scores. The prepaid Cleo Credit Builder Card, with no annual fee or interest rate, can be used anywhere Visa is accepted.

7. Convenience And Accessibility

With availability on both Android and iOS platforms, Cleo ensures convenient and accessible money management for a wide range of users. It offers a user-friendly mobile app that allows individuals to access their financial information anytime, anywhere.

8. Enhanced Security And Transparency

Cleo prioritizes the security and privacy of user data, employing advanced measures to safeguard financial information. It adheres to strict security standards and implements encryption protocols to protect user data.

9. Spending Insights

Cleo’s AI-powered algorithms analyze spending patterns and provide personalized financial insights, empowering users to make informed decisions regarding their spending habits and financial well-being.

10. Set Budgets And Spend Tracker

Cleo enables users to set budget limits for various expense categories, such as groceries and entertainment. It provides a spend tracker feature that offers a comprehensive overview of monthly expenditures, aiding users in identifying areas where they can save more effectively.

11. Effortless Saving

By automatically depositing spare change into a dedicated savings account, Cleo promotes passive saving without requiring users to actively manage their finances.

12. Real-time Financial Updates

Cleo delivers real-time updates on financial status, ensuring users remain up-to-date and in control of their financial health.

Trends for fintech app development

How To Develop A Custom Money Management App?

Here’s a guide to creating a personal money management app like Cleo:

1. Analyze Your Target Market 

  • The initial step in creating a customized money management application involves examining your target market and audience.
  • It is important to select a specific target market for a successful money management app, considering the diverse global audience.
  • When developing your money management app, you can focus on particular groups, such as graduates or individuals employed in various professions.
  • For your target market, identify locations with a high concentration of your desired audience, minimal competition, and potential for growth.
  • To conduct a thorough analysis, ask yourself several questions, including:
    • Who would be the most suitable audience for your money management app?
    • Which locations lack AI-powered apps of this nature?
    • What unique features does your app offer that will attract users?
    • What other money management apps similar to yours are already available in the market?
  • By answering these types of questions, you will gain a clear understanding of your target audience and how your money management app will operate.

2. Know Your Top Competitors 

To advance in the development of your money management app, it is crucial to gain insights into your competitors. Understanding their strategies and actions is a valuable approach to ensure the success of your app in the market. 

Engage in a thorough examination of your competitors and their fintech app offerings. Instead of simply replicating their approaches, focus on comprehending their strengths and identifying areas where enhancements can be made. 

As experts in AI development, we have compiled a selection of popular money management apps that have gained significant traction in the market. Reviewing these apps will assist you in determining the ideal functionalities and designs for your customized AI-powered app.

App NameCash Advance AmountCredit CheckFeesOther ServicesPerksPro Plan
AlbertUp to $250NoSmall “convenience” fees for expedited depositsBanking, investing, balance monitoringCash back on purchases, bill negotiation“Genius” plan: $8-$16
BrigitUp to $250NoNo late fees or interest feesFinancial insights, platform to find opportunities to earn extra moneyPro Plan: $9.99/month
DaveUp to $500 with ExtracashNo$1/month membership feeBanking, budgeting help, goal setting, balance monitoringFree access to Level Credit for banking membersNone offered
EarninUp to $100 per day or $500 per pay periodNoSmall fee for Lightning Speed advancesBalance Shield, Cash Out, Earnin’ Express, finance tools, savings toolsBalance Shield, low balance toolNone offered
Empower Cash AdvanceUp to $250No$8/month membership fee, $3 fee for external account depositsBankingCash back with Empower debit cardNone offered
FloatMeUp to $50No$1.99/month membership feeFinancial insightsNone
KloverUp to $100NoNoneNone$2.49/month for Klover+
MoneyLionUp to $500 in Instacash advancesNot for Instacash usersSmall fee for “Turbo” servicesBanking, credit building, investing, crypto, financial planningCashback rewards, safety net, financial tracking$1-$19.99 depending on chosen services
Possible FinanceUp to $500YesBetween $10-$25 per $100 borrowedNoneNone
ChimeUp to $200NoBanking, SpotMe programSpotMe program to prevent overdraftingNone
VaroUp to $50NoBanking, Varo Advance programFlexible repayment terms, cash deposit options at Green Dot locationsNone

3. Identify The Problem

  • Analyze existing personal finance solutions and determine their shortcomings. Address these issues by providing effective solutions that cater to user needs.
  • Utilize advancements like AI, machine learning, and data analytics to enhance the user experience. Offer personalized insights, automation, and real-time financial information.

4. Go For Expert Consultation

  • Even if you have some clear ideas about AI and app development, you can still validate your business ideas and stay updated on market trends through expert consultation.
  • Choose a reputable AI solution provider that offers consultation services to ensure reliable advice.
  • Gain insights into cutting-edge features and innovative designs from industry experts.
  • Consult and stay ahead by analyzing trends and durability to choose a modern, powerful tech stack for your finance app, ensuring its competitiveness and longevity.
  • Stay abreast of evolving technology trends to adapt and thrive in the industry.
  • Leverage expert guidance for building a successful app with a strong technological foundation.

5. Prioritize Security

  • Place a strong emphasis on security to instill confidence in potential users. Clearly communicate the measures taken to protect their data and emphasize that their privacy is a top priority.
  • Implement robust security measures like two-factor authentication. This adds an extra layer of protection by requiring users to provide an additional verification step, such as a unique code sent to their mobile device, along with their login credentials.
  • Set session time limitations to automatically log users out of the app after a period of inactivity. This prevents unauthorized access in case users forget to log out or leave their devices unattended.
  • Display personal information responsibly, only providing necessary details while ensuring sensitive data is properly masked or encrypted. Adhere to relevant security standards such as PCI DSS (Payment Card Industry Data Security Standard) and GDPR (General Data Protection Regulation) to protect user privacy and comply with legal requirements.

6. Determine Key Features

For an app like Cleo, both features and design are crucial. A well-designed app includes a user-friendly interface (UI) and an enjoyable user experience (UX). However, even the most amazing features are useless if users can’t access them easily. 

To differentiate your money management app and attract a larger customer base, it’s essential to incorporate unique and advanced features. Some promising features include voice search, social registration, send/request money, special offers, bank transfers, billing/invoicing, digital wallet, push notifications, admin panel, goal setting, customer care, expert chat, expense tracking, market insights, investment module, and review/feedback.

In addition to these features, here are some essential components every personal finance app should have:

  • Fast and secure user account authorization.
  • User profile management for basic information.
  • Real-time tracking of income and expenses.
  • A notification system for payment reminders and updates.

Consider integrating additional advanced features, such as:

  • Goal setting
  • Bank account integration
  • Calculations and reports. 

By incorporating these elements, your app will stand out, attract more users, and provide a comprehensive solution for effective money management.

7. Decide The Development Platform

  • Obtain expert advice to have a thorough understanding of your AI app development.
  • Choose a relevant development model for your money management app, such as Android, iOS, or Windows.
  • Select the development platform that is most widely used by your target customers.
  • Conduct surveys in your target locations or utilize previous research results to determine the preferred platform.
  • If unsure about a single development platform, consider cross-platform app development.
  • Cross-platform development allows you to target multiple users with a single mobile application, maximizing your app’s reach.

8. Choose The Tech Stack

To ensure a successful app development process, it is crucial to make thoughtful decisions regarding the tools and technologies involved. Consider the following guidelines:

  • Frontend Development: Choose HTML, CSS, and JavaScript as the foundation, complemented by suitable frameworks such as React or Angular, for a robust frontend experience.
  • Backend Technologies: Opt for backend technologies like Ruby, Python, C++, or C# to ensure both security and efficiency. These languages offer a wide range of libraries and frameworks to support app development.
  • Database Selection: Select a secure and efficient database solution that aligns with your app’s requirements. MongoDB or Kibana, for instance, offers scalability, flexibility, and reliable data management.
  • APIs and AI Integration: Assess the complexity of your app and determine the need for integrating APIs and AI solutions. Incorporating these technologies can enhance functionality and provide intelligent features.

Additionally, you can also consider the following for advanced features for your money management Cleo-like app: 

JavaScript LibrariesSlick, jQuery, core-js
MiscellaneousOpen Graph, LottieFlies
Analytics, RUMCloudflare Browser Insights
AnalyticsLinkedin Insight Tag, Google Analytics, Facebook Pixel, Skai
CDNjsDelivr, Cloudflare
AdvertisingRakuten Advertising
Page BuildersWebflow
Affiliate ProgramsRakuten

9. Develop A User-Friendly UX Design

  • Prioritize the development of an outstanding user experience that streamlines the process of managing finances effectively.
  • Opt for an aesthetically pleasing, minimalist, and user-friendly interface design, avoiding intricate fonts that may impede readability.
  • Strive for a seamless user flow, presenting pertinent information without overwhelming the user with excessive details, and use simple language. 
  • Implement a comprehensive onboarding process to guide and familiarize new users with the app’s features and functionality.

10. Look For Professional Developers

After finalizing the features and design of your app, the next step is to build a competent app development team. You have two options: in-house development or outsourcing the project to an app development company.

10.1. In-house Development

It requires hiring reliable and experienced developers specifically for your money management app. Hiring in-house developers can be more expensive, as experienced developers demand higher salaries compared to outsourcing rates.

10.2. Outsourcing Project

It involves partnering with a professional app development firm and utilizing their resources for your project. Outsourcing is often considered the wisest decision due to several reasons:

  • Firstly, hiring an in-house team may not be cost-effective in the long run, as their services may no longer be required after completion of the project.
  • Secondly, the expertise of in-house developers might not match the latest AI trends, whereas outsourcing companies stay updated with industry advancements.
  • Outsourcing firms provide access to experts who can guide you with the latest trends and recommend suitable tech stacks.
  • Outsourcing firms offer reliable maintenance and upgradation services, ensuring long-term support.

Choosing to outsource your app development project allows you to collaborate with a reputable software engineering firm, such as Idea Usher, and gain access to skilled and experienced engineers.

11. Test the App Thoroughly 

  • Testing services are a critical step in Cleo-like AI-integrated money management app development, as it uncovers even the smallest bugs overlooked during development.
  • To avoid glitches and protect your brand’s reputation, prioritize testing and ensure your development partner offers comprehensive testing services.
  • Consider hiring dedicated resources or partnering with an experienced app development firm that incorporates testing as a core part of their process.
  • Choose between automated testing, which detects errors without human supervision, or manual testing, based on your specific needs.
  • Engage your QA team to perform rigorous testing, including security, data integrity, usability, functionality, and performance testing.
  • Seek insights from finance professionals during the testing process to enhance the app’s quality.
  • Make necessary improvements based on testing results, and develop a comprehensive marketing strategy for a successful app launch.
Popular ways to monetize app like Cleo

Leveraging AI And Machine Learning For Superior Financial Management

By harnessing the power of AI and Machine Learning, CFOs, and controllers can transform financial management processes, gain valuable insights, mitigate risks, and make more informed decisions. Here are the ways in which AI and Machine Learning can enhance financial management in your app:

1. Financial Forecasting

  • AI-powered platforms leverage historical data on supply and demand, sales figures, inventory management, and costs to generate accurate and adaptable models for predicting future trends.
  • These tools enable financial professionals to produce precise sales forecasts and adapt to market volatility and economic uncertainty.

2. Risk Management

  • AI and machine learning assist with compliance and risk assessment by reviewing contracts and ensuring clarity and conformity to regulations.
  • Advanced platforms compare contracts to preferred language databases, assessing risk levels to aid decision-making.

3. Fraud Detection

  • AI-based systems monitor financial transactions, flagging suspicious activities by comparing them to historical data.
  • Machine learning enables the system to adapt to new fraud patterns and provide guidance on improving cybersecurity.

4. Investment Decision-Making

  • AI and machine learning evaluate historical trends to make reliable predictions about a company’s future success or asset trajectory.
  • These tools facilitate informed investment decisions and provide a data-driven analysis of an organization’s financial health to attract investors.
Leveraging AI And Machine Learning For Superior Money Management App Like Cleo

Benefits Of Using AI and ML For Financial Planning

Artificial Intelligence (AI) and Machine Learning (ML) have a wide range of applications in financial software, but some may still perceive their implementation as a risky investment. However, let’s explore the tangible benefits of incorporating AI into financial apps:

1. Enhancing Customer Support

Utilizing advanced chatbots enables financial software providers to deliver round-the-clock customer support that is prompt and efficient in resolving users’ concerns.

2. Streamlining Operations

Powerful algorithms enable the automation of mundane tasks, freeing up time and sparing staff from repetitive work.

3. Minimizing Errors

Software-driven decision-making is data-based and devoid of emotional biases, reducing the likelihood of irrational user actions.

4. Cost Savings

Automation and swift, accurate decision-making empower even small teams of specialists to work more efficiently. Additionally, advanced risk management and fraud detection systems safeguard against financial losses.

5. Strengthening Security

The ability to identify fraudulent activities and issue timely alerts assists customers in safeguarding their financial well-being.

Cost Of Developing A Money Management App Like Cleo

At Idea Usher, we adhere to agile development models, which render AI app development cost-effective for businesses of all sizes. To provide you with an approximate estimation of your AI app development cost, it is imperative to consider the following key factors:

1. Project Management Cost

This encompasses the expenditure related to hiring a skilled project manager who plays a crucial role in ensuring the timely and efficient completion of your money management app development.

2. Design And Development Cost

  • This category includes the costs associated with engaging professional app developers and UX/UI engineers.
  • The level of expertise required varies, which impacts the overall expenses.
  • More complex development necessitates the involvement of highly experienced developers.

3. Testing Services

  • We offer a comprehensive range of testing services for custom software/application development, including both manual and automated testing.
  • Automated testing, with its advanced capabilities and reduced dependence on human intervention, incurs higher costs.
  • It has the ability to detect even the smallest bugs.
  • The choice between manual and automated testing should be based on your project’s specific requirements.

4. Upgradation And Maintenance Cost

  • It is essential to consider the expenses associated with hiring a project manager in this category.
  • The project manager is responsible for ensuring the continued functionality and efficiency of your money management app.

5. Customizations (if applicable):

  • The complexity and extent of customizations within your app will influence the overall costs.
  • Advanced features may result in higher expenses but can enhance the app’s performance.
  • During the consultation phase, it is advisable to gain a precise understanding of the desired app features to obtain accurate cost estimates.

In addition to the aforementioned factors, various other aspects contribute to the overall cost of app development. To obtain the most accurate estimation of money management app development, we recommend consulting with our experienced business analyst.

Expert’s Advice On Building A Money Management App like Cleo

At Idea Usher, our team of experts brings extensive knowledge in their respective fields, and we are delighted to share their valuable advice with you. Here are some key insights they offer:

  • Gain User Insights: Conduct comprehensive market research to understand the specific money management needs and pain points of your target audience.
  • Prioritize User Experience: Design an intuitive and user-friendly interface that simplifies financial tasks and enhances user engagement. Ensure seamless navigation, clear information display, and interactive features for a positive user experience.
  • Ensure Robust Security: Implement industry-standard encryption, authentication mechanisms, and data protection measures to safeguard sensitive financial information and user privacy.
  • Integrate with Financial Institutions: Enable secure connectivity with banks and other financial institutions through APIs, providing real-time transaction data and comprehensive financial overviews.
  • Enable Personalization: Allow users to set financial goals, create budgets, and receive personalized insights based on their spending habits and objectives.
  • Facilitate Seamless Payments: Integrate popular payment gateways to enable secure and convenient money transfers, bill payments, and automatic transaction categorization.
  • Utilize Intelligent Reporting: Implement AI and machine learning algorithms to generate comprehensive reports, analyze spending patterns, and provide valuable insights for informed financial decisions.
  • Ensure Continuous Updates: Regularly update the app to introduce new features, enhance security, and improve performance based on user feedback and market trends.
  • Comply with Regulations: Adhere to relevant financial regulations and data protection laws to maintain user trust and legal compliance.
  • Conduct Thorough Testing: Test the app across different devices, operating systems, and user scenarios to ensure functionality, usability, and security. Implement rigorous quality assurance processes to deliver a reliable and stable app.


Venturing into the development of a powerful money management app like Cleo presents a promising opportunity in the flourishing financial app market. By understanding the key steps and considerations involved, you can create a user-friendly and effective platform that revolutionizes personal finance management. With projections indicating significant growth in the industry, investing in a money management app becomes a lucrative opportunity for individuals, providing efficient tools for managing personal finances, offering personalized insights, and enhancing financial literacy. 

With expertise in app development, Ideausher is well-equipped to guide you through the key steps and considerations involved. Our team can assist in creating a user-friendly and effective platform that revolutionizes personal finance management. By leveraging our extensive knowledge and incorporating must-have features, we can help you deliver a cutting-edge app that empowers users to achieve greater financial stability and control. Seize the moment and partner with Ideausher to make a lasting impact in the realm of money management.

Hire ex-FANG developers, with combined 50000+ coding hours experience

Hire Ex - developers, with combined 50000+ coding hours experience

100% Developer Skill Guarantee; Or Your Money Back.

Contact Idea Usher at [email protected]

Or reach out at: (+1)732 962 4560, (+91)859 140 7140


Q. How can I ensure the safety of my app users?

A. Ensuring the safety of your app users requires collaboration with a reputable mobile app development company that prioritizes user security. It is crucial to communicate your expectations and insist that they implement a robust security system within your application.

Q. What is the typical development timeline for an app similar to Cleo?

A. The app development process usually takes around two to three weeks for basic designs. However, apps with advanced functionality may take longer, ranging from nine to ten weeks.

Q. What is necessary to develop an app like Cleo?

A. To develop an app like Cleo, it is recommended to engage a firm specializing in digital transformation for banking and finance institutions. They possess the expertise and access to the appropriate technology stack needed to tailor an app to your unique business procedures.

Q. Why should you invest in a financial management app like Cleo?

A. In today’s world, financial literacy is crucial for individuals. People are constantly seeking innovative ways to optimize their finances, and investing in apps like Cleo can simplify saving and investing processes, making them more accessible.

Q. How does the Cleo app function?

A. Cleo operates as a personal finance assistant that securely connects to your bank account, enabling you to track your expenses. It provides insights into your spending habits and offers advice on saving money. Additionally, Cleo features a chatbot that can address inquiries related to your financial matters.

The Cleo app is available for both Android and iOS devices. To begin using the service, download the app and create an account. You will then be guided through the process of connecting your bank account, credit card, or debit card to Cleo.

Q. Is it worth developing a money management app in 2023?

A. Yes, 2023 presents an opportune time to develop a financial app. Personal finance management and digital banking are prominent consumer trends. Online banking and budget management apps are particularly popular among Generation Z and millennials, with older generations also embracing them. Moreover, the COVID-19 pandemic has increased financial awareness, leading people to seek innovative solutions for budget management.

Share this article
Contact Us
HR contact details
Follow us on
Idea Usher: Ushering the Innovation post

Idea Usher is a pioneering IT company with a definite set of services and solutions. We aim at providing impeccable services to our clients and establishing a reliable relationship.

Our Partners
Contact Us
Follow us on
Idea Usher: Ushering the Innovation post

Idea Usher is a pioneering IT company with a definite set of services and solutions. We aim at providing impeccable services to our clients and establishing a reliable relationship.

Our Partners
© Idea Usher. 2024 All rights reserved.