CloudFO provides an AI‑driven finance assistant that connects to business bank accounts via FCA‑approved read‑only Open Banking, continuously aggregates transaction data and delivers automated weekly reviews, budgeting forecasts, and natural‑language answers. The platform offers end‑to‑end encryption, IAM‑based access controls, and integrates with existing business apps, enabling SMEs and finance teams to generate reports and insights without manual spreadsheet work.
Funding
Funding not disclosed
Founders
Product
Problem
SMEs and growing finance teams often spend excessive time consolidating bank data, generating reports, and interpreting financial metrics, while lacking a secure, automated way to gain actionable insights from their accounts.
Solution
CloudFO delivers an AI‑powered finance colleague that connects to business bank accounts through an FCA‑approved, read‑only Open Banking integration. The platform continuously aggregates transaction data, runs AI‑driven analyses, and produces weekly check‑ins, budgeting forecasts, and natural‑language answers to finance questions. All data are encrypted in transit and at rest, protected by IAM controls, and users retain full ownership with one‑click deletion. The service integrates with existing business apps, delivering insights via a web dashboard and email without requiring manual spreadsheet work.
Target Audience
The primary customers are small and medium‑sized enterprises and finance teams that need automated financial analysis, reporting, and budgeting without compromising data security.
Features
- FCA‑approved read‑only Open Banking connectivity (via TrueLayer) covering 95 % of European banks
- AI‑generated weekly finance reviews, automated reports, and natural‑language query responses
- End‑to‑end encryption and IAM‑based access controls for data at rest and in transit
- User‑managed data lifecycle, including instant account and data deletion
- Unlimited third‑party app integrations and multi‑account support (1 account in Pro, 5 accounts in Business+)
- Role‑based reviewer permissions and unlimited reviewer seats per subscription
- Conversational interface with up to 20 AI‑driven interactions per month (Pro) or unlimited (Business+)
- Secure, read‑only data access ensures no transactions can be initiated by the platform