Product Director, Cleo
+ Equity
More information about location
AI personal finance assistant
Be an early applicant
AI personal finance assistant
201-500 employees
Be an early applicant
+ Equity
More information about location
201-500 employees
Company mission
Our mission is to change the world’s relationship with money.
Role
Who you are
- Experience building 0–1 consumer financial products at a startup or scale-up
- Strong prioritization skills and the ability to say “no” to stay focused
- Strong commercial understanding and ability to work almost as a 'mini-CEO' of the products you have built
- Ability to develop strategy for future product propositions
- Comfortable aligning stakeholders and communicating product trade-offs clearly
- Collaborative leadership style that empowers cross-functional teams
- Creative mindset with a passion for rethinking financial experiences
- High energy and ownership mindset with a drive to make products succeed
- Comfortable working hands-on in a fast-moving, ambiguous environment
- Passionate about making a positive impact on users’ financial lives
What the job involves
- As the lead of our New Ventures pillar, you will be instrumental in driving the team that is helping us explore and serve new user segments
- You will own the process from ideation and concept stages to validating and testing key assumptions, and ultimately designing, testing, and building an MVP that can scale if successful
- This is a senior level role where you will be in charge of diversifying the product offering across Cleo as well as exploring new value propositions for existing customers
- This is the chance to own an area of the business that is a key priority for our current strategic direction
- Leading a department with several direct reports - contributing to both product and company-wide strategy
- Collaborating with cross-functional stakeholders to ensure cohesion
- Validating financial and operational assumptions to ensure scalability
- Partnering with marketing, finance, and operations to scale successful MVPs
- Aligning product direction with strategic goals and measurable outcomes
Salary benchmarks
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.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Jun 2022
$80m
SERIES C
Dec 2020
$44m
SERIES B
Total funding: $137.5m
Company benefits
- Learning and development
- Mental health support
- Agile working
Company values
- Make it Happen
- No bullsh*t
- Learn at Speed
- Bring Good Vibes
Company HQ
London, UK
Leadership
Barnaby Hussey-Yeo
(Founder & CEO)Previously a Data Scientist at Wonga, one of the companies that pioneered the smart use of data for loan decisions. Joined Entrepreneur First where Cleo was formed.
Diversity, Equity & Inclusion at Cleo
Annie Jackson (Head of Talent )
- We’ve set up an internal committee of truly passionate people that are dedicated to ensuring Diversity and Inclusion is embedded in how we all operate as a team. We agree on meaningful actions, and get on with implementing them. We have three main focuses right now, which are:
- 1) Improving SocioEconomic diversity across the company
- 2) Increasing the number of women in Leadership roles
- 3) More community outreach
- Check out our 2022 Diversity and Inclusion report, here: https://web.meetcleo.com/blog/cleo-diversity-equity-and-inclusion-report-2022
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