'Cleo' is Helping Gen Z Feel More Confident About Money
Colin Smith — October 24, 2022 — Life-Stages
References: web.meetcleo
'Cleo' is a money app that recently announced the 'Cleo Haunt Me' in-app experience for Halloween. The application itself is designed to help users track their spending patterns, identify where money can be saved, and feel more confident about their personal finances.
The Haunt Me experience allows users to type "Haunt Me" in the chat section within Cleo to receive insights into their money habits in a fun, conversational way. These money insights will identify spooky spending habits, such as a daily pumpkin spice latte or one too many restaurant meals in a week, and help educate users on where their money is going.
Within the experience, Cleo will provide personalized advice to users on how to manage their money, including increasing savings and curbing excess spending.
Image Credit: Cleo
The Haunt Me experience allows users to type "Haunt Me" in the chat section within Cleo to receive insights into their money habits in a fun, conversational way. These money insights will identify spooky spending habits, such as a daily pumpkin spice latte or one too many restaurant meals in a week, and help educate users on where their money is going.
Within the experience, Cleo will provide personalized advice to users on how to manage their money, including increasing savings and curbing excess spending.
Image Credit: Cleo
Trend Themes
1. Personal Finance Management Apps - There is a growing trend of personal finance management apps that provide conversational and personalized advice to users to help them manage their finances better.
2. Gamification of Finance Education - The trend of gamification in finance education is disrupting traditional methods and providing a more interactive way to engage users and improve their financial literacy.
3. In-app Experiences - The rise of in-app experiences is providing a way for financial apps to engage users in a fun and interactive way while also helping them manage their money more effectively.
Industry Implications
1. Fintech - Fintech companies have an opportunity to create personal finance management apps that incorporate gamification and in-app experiences to improve user engagement and financial literacy.
2. Retail - Retailers can partner with finance management apps to provide personalized insights to customers on how they can save money while shopping, which can help improve customer loyalty and overall sales.
3. Education - Educational institutions can leverage gamification trends in financial literacy education to create more engaging and interactive learning experiences for students, making the difficult topic of personal finance more accessible and fun to learn.
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