Senior Product Manager, Cleo

Budget

Salary not provided

+ Equity

Senior level
London

1-2 days a week in office

Cleo

AI personal finance assistant

Job no longer available

Cleo

AI personal finance assistant

201-500 employees

FintechB2CArtificial IntelligenceBankingPersonal financeFinancial ServicesSaaS

Job no longer available

Salary not provided

+ Equity

Senior level
London

1-2 days a week in office

201-500 employees

FintechB2CArtificial IntelligenceBankingPersonal financeFinancial ServicesSaaS

Company mission

To help millions of people improve their financial health, and relate to them in a way their banks never could.

Role

Who you are

  • Creativity. We're radically changing how people interact with and feel about their finances. This means thinking about problems in a different way, and we encourage PMs from all backgrounds to apply
  • Experience building highly impactful consumer products and features - particularly focused around habit formation, budgeting and/or behaviour change
  • Worked on consumer digital products and understands how digital products can induce good behaviour change
  • Energy and drive to ensure your product is successful. People would describe you as a force of nature who cares about their team

What the job involves

  • You’ll be responsible for the discovery, experimentation, validation and commercial success of products that solve some of our users’ biggest financial problems
  • Own the vision, long-term strategy, and product roadmap for our “Budget” product team. The goal of Budget is to help people build a budget that works for them, save more and build better spending habits
  • Change the way millions of people think about budgeting and managing their money
  • Work closely with your partners in product, engineering, design, user research, and data from pilot to growth
  • Develop a deep understanding of our users and help them improve their financial health
  • Use Cleo’s AI to radically improve the way people budget and understand their money
  • Figure out product profitability, product market fit and drive business success
  • Report directly to our Group Product Manager
  • Outcomes:
  • Improve the budget product in Cleo today, onboarding more users, driving more adoption and retention
  • Use AI to power the ability for Cleo to help people solve the biggest issues with staying on a budget
  • Create new features and products that help people manage their money, budget and ability to spend better and save more

Application process

  • Step 1: An initial 30 mins phone call with a member of our Talent Team to learn more about your experience and why you want to work at Cleo
  • Step 2: A 45 mins interview with the Hiring Manager to dive deeper into your approach to building successful products
  • Step 3: A Live product case study interview with one of our Product Leads and Lead Product Designers
  • Step 4: A final 45 minutes values interview with cross-functional peers from Experience, Data, Engineering, or commercial teams

Salary benchmarks

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Insights

Rocket List 2021
Top investors

43% female employees

24% employee growth in 12 months

Company

Company benefits

  • Learning and development
  • Mental health support
  • Agile working

Funding (last 2 of 5 rounds)

Jun 2022

$80m

SERIES C

Dec 2020

$44m

SERIES B

Total funding: $137.5m

Our take

People are increasingly not satisfied with the products being offered by traditional banks, which have proven slow to react to the needs of younger consumers who expect more from their everyday experiences.

Cleo was one of the first companies to make great use of chatbots that sit within Facebook's messenger app. This chatbot-first approach and Gen Z user base have given it strong virality. It now has millions of registered users, 99% of which are based in the US, leading to a decision to take a year break from the UK market to focus on its US Gen Z customers. And after a successful year in the US its now eyeing up a return to the UK.

Its Series C funding will help the company to double down in the US, where it will make a significant increase in employee headcount, and enable Cleo to maintain and expand its service during an economic downturn.

Financial advice delivered via bots is a crowded space, so Cleo benefits from having a strong brand presence. It has gone for very bold, fun, Gen Z-focused messaging which helps it to stand out from competitors such as Emma, Plum, and Chip.

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Kirsty

Company Specialist at Welcome to the Jungle