London-based fintech firm Clove, an AI-powered financial advice platform, has raised $14 million in a pre-seed funding round led by Accel to expand its team and enhance its platform.
- Established in 2025 by Christian Owens and Alex Loizou, Clove provides a financial advice platform that combines human advisers with AI technology.
- The platform automates administrative tasks, enabling advisers to focus on personalized guidance, and aims to make financial advice more accessible, affordable, and scalable for clients who are underserved by traditional financial services.
Details of the deal
- The pre-seed round was led by Accel, with participation from Kindred Capital, Air Street Capital, and a group of angel investors including Barney Hussey-Yeo, Patrick Pichette, Erez Mathan, and Gideon Valkin.
"Right from our first meeting it was clear that Christian and Alex are incredibly passionate about the problem and the impact that solving it could have for customers. Their starting premise was that this remains a deeply human problem and we were excited by the unique insights they had developed around how to offer approachable, human financial advice that is supercharged by AI," explains Matt Robinson from Accel.
- The $14 million funding will enable the startup to create a scalable financial advice platform that combines AI with human expertise, streamlining processes and enhancing the client experience.
- It will also enable strategic team growth, hiring specialists in advisory, engineering, design, and operations.
