Lead Product Manager, Cleo AI
New Bets
Offers equity
More information about location
AI personal finance assistant
Posted today
AI personal finance assistant
201-500 employees
Posted today
Offers equity
More information about location
201-500 employees
Company mission
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
- 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 a key member of our New Bets pillar, you will be instrumental in helping us explore and serve new user segments. Your primary focus will be on exploring new product opportunities
- You will lead 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
- Outcome 1: Test, validate and build product MVPs
- Collaborate with your cross-functional squad to generate concepts that resonate with the target audience,
- Understand the key financial assumptions we need to test and validate to ensure that the product could be significantly revenue additive at scale
- Decide on scope and trade-offs to get MVPs out to users for the most promising concepts and ensure success criteria are established and evaluated
- Outcome 2: Scale up a successful MVP
- Work with commercial finance, operations/partnerships to understand lead times and dependencies for scaling an MVP to a larger number of users
- Align with marketing on value props for acquiring new users to the product
- Continue to validate key assumptions as the product scales and continuously iterate on the product based on learnings
- Leading end-to-end discovery, ideation, and validation of new product opportunities
- Defining and launch MVPs with clear scope, success criteria, and trade-offs
- Collaborating with cross-functional squads to rapidly test and deliver product concepts
- Validating financial and operational assumptions to ensure scalability
- Analyzing user feedback and data to iterate and improve products post-launch
- Partnering with marketing, finance, and operations to scale successful MVPs
- Aligning product direction with strategic goals and measurable outcomes
- Involving designers, engineers, and analysts in product strategy and decision-making
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
- Meaningful equity with early exercise, plus top-ups on promotion
- Up to 26 weeks’ parental leave
- Paid 1-month sabbatical every 4 years
- Comprehensive health, dental & vision insurance
- Pension/401K match up to 6%
- Learning & development budget
- Mental health support via Spill
- Flexible working for a healthy work–life balance
- Work remotely from one of our hiring locations, with a hybrid option in our London office (1+ day/week)
- Annual company off-sites
- Company-wide performance reviews every 6 months
- Clear progression plans with opportunities to lead, grow, and challenge the status quo
- We’ll cover your OpenAI subscription
Company values
- Make it Happen - Own the outcome. Lend a hand, take a hand. Fast execution.
- No bullsh*t - Intellectually honest. Go hard on problems, not people. Data-backed decision making.
- Learn at Speed - Jump in and figure it out. Dig deep, do it right. Learn what matters.
- Bring Good Vibes - Read the room, lift the room. Show up for others. Keep it real, keep it positive.
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 AI
- 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
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