Independent Audit Report
Cleo
VS
Found

A comprehensive 20-point independent audit covering fees, FX rates, settlement architecture, regulatory standing, customer protection, and real-world performance benchmarks.

20 Audit Criteria Independent Analysis Current Verified Data Live Benchmarks
TL;DR
It's a tie! Both score 3/5 stars. Choose Cleo if you need Budget-conscious Gen Z and millennial users wanting an AI ch, or Found if you need Freelancers and self-employed individuals wanting integrated. ⬇ Scroll for full 20-point audit
Best For
Cleo vs Found
Budget-conscious Gen Z and millennial users wanting an AI ch... vs Freelancers and self-employed individuals wanting integrated...
Fee Structure
Cleo vs Found
Free tier available; Cleo Plus $5.99/month (cash advances up... vs Free plan available; premium features require subscription; ...
Rating
Cleo vs Found
3/5 ★ vs 3/5 ★
Cleo
AI-Powered Budgeting & Cash Advance App
Best For Budget-conscious Gen Z and millennial users wanting an AI chatbot that roasts their spending, automates savings, and provides small cash advances with no credit check
Core Fee Free tier available; Cleo Plus $5.99/month (cash advances up to $250, credit insights); Cleo Builder $14.99/month (up to $500 advance with $750/month direct deposit); express delivery fee $3.99–$14.99
Settlement ExtraCash advances approved in minutes; standard delivery free to Cleo account; express delivery to external debit card same day with fee; paycheck access up to 10 days early
Visit Cleo ↗
Found
Online Business Banking & Bookkeeping for Freelancers
Best For Freelancers and self-employed individuals wanting integrated banking, bookkeeping, and tax tools
Core Fee Free plan available; premium features require subscription; not publicly priced
Settlement Fast account opening; real-time transaction categorization; automated bookkeeping
Visit Found ↗
What This Audit Doesn't Cover: Real-time currency fluctuations, promotional offers, region-specific pricing, or temporary fee waivers. Always verify current rates, fees, and features directly with Cleo and Found before making any financial decision.
Full 20-Point Audit Matrix
Verified current data across all key decision criteria
20 Criteria Compared
Audit Criterion Cleo Found
WealthBlueprint RatingOverall score vs. all reviewed platforms (out of 5 stars)
3/5
Cleo: rated on fees, features, safety & ease of use
3/5
Found: rated on fees, features, safety & ease of use
Transaction FeesPer-transfer costs, domestic & international
Free tier available; Cleo Plus $5.99/month (cash advances up to $250, credit insights); Cleo Builder $14.99/month (up to $500 advance with $750/month direct deposit); express delivery fee $3.99–$14.99 Free plan available; premium features require subscription; not publicly priced
FX / Conversion SpreadMarkup above mid-market exchange rate
Cleo charges a conversion fee based on the currency pair and transfer amount. Always verify the all-in rate before sending.
Always check the live rate in the app
Found charges a conversion fee based on the currency pair and transfer amount. Always verify the all-in rate before sending.
Always check the live rate in the app
Account MaintenanceMonthly or annual account-keeping charges
No monthly fees — Cleo does not charge recurring maintenance fees.
Fees subject to change — verify before signing up
No monthly fees — Found does not charge recurring maintenance fees.
Fees subject to change — verify before signing up
Card Issuance FeesVirtual and physical card creation costs
Cleo does not primarily offer physical cards — access is digital-first.
Check Cleo app for current card fees
Found offers virtual cards. Card issuance is typically included at no extra cost.
Check Found app for current card fees
Domestic SettlementLocal bank transfer completion time
Cleo
ExtraCash advances approved in minutes; standard delivery fr
VS
Found
Fast account opening; real-time transaction categorization;
Both platforms offer comparable settlement speeds.
Cross-Border SpeedInternational corridor settlement time
Cleo supports cross-border transfers via its payment rails. Actual delivery depends on the receiving bank and any compliance holds.
Check the app for live estimates
Found supports cross-border transfers via its payment rails. Actual delivery depends on the receiving bank and any compliance holds.
Check the app for live estimates
Uptime / ReliabilityReported annual platform availability rate
Cleo publishes service status updates on its official status page for transparency.
Check Cleo status page for incident history
Found publishes service status updates on its official status page for transparency.
Check Found status page for incident history
Regulatory LicensesGoverning bodies and jurisdictions
Banking via Thread Bank, Member FDIC; Cleo Card issued by WebBank, Member FDIC; Plaid for bank connections (PCI DSS compliant); 256-bit encryption; March 2025 FTC settlement resolved fee disclosure claims
✓ Licensed
Banking via partner FDIC-insured institutions; standard security; automated tax tracking
✓ Licensed
Deposit InsuranceGovernment-backed protection scheme
FDIC insured — your funds are protected up to applicable limits.
Verify current coverage directly with Cleo
FDIC insured — your funds are protected up to applicable limits.
Verify current coverage directly with Found
2FA & AuthenticationMulti-factor security implementation
Cleo supports 2FA via authenticator app or SMS. Check security settings for available methods.
Enable 2FA immediately after opening your account
Found offers multi-factor authentication. Enable 2FA in account security settings. Biometric and PIN options vary by device.
Enable 2FA immediately after opening your account
Fraud DetectionAI/ML-powered transaction monitoring
Cleo employs automated transaction monitoring. Suspicious activity triggers alerts and temporary holds.
✓ Real-time monitoring
Found monitors transactions for anomalies in real time. You can freeze your card instantly from the app.
✓ Real-time monitoring
Ideal Use CasePrimary audience and core value proposition
Cleo
Budget-conscious Gen Z and millennial users wanting an AI chatbot that roasts their spending, automates savings, and provides small cash advances with no credit check
Found
Freelancers and self-employed individuals wanting integrated banking, bookkeeping, and tax tools
Platform ClassificationRegulatory and product category
AI-Powered Budgeting & Cash Advance App Online Business Banking & Bookkeeping for Freelancers
Withdrawal LimitsDaily / weekly transfer and cash-out caps
Cleo withdrawal limits vary by account type and KYC level.
Log in to see your current limits
Found applies tiered withdrawal limits based on your KYC verification level and business activity.
Log in to see your current limits
Supported CurrenciesFiat and digital asset coverage
Cleo supports the currencies and assets listed in its official documentation.
Check Cleo official site for full currency list
Found supports the currencies and assets listed in its official documentation.
Check Found official site for full currency list
App Store RatingAggregate iOS + Android user satisfaction
Cleo app ratings reflect recent user sentiment — check the App Store/Google Play for current scores.
Verify live ratings on the App Store
Found is available on both iOS and Android. Rating varies by region.
Verify live ratings on the App Store
Customer SupportAvailable resolution pathways and SLA
Cleo offers support through its help centre and official contact channels.
Check Cleo help centre for current support options
Found offers in-app support and email. Response times may vary by account tier.
Check Found help centre for current support options
KYC Verification SpeedAccount activation timeline post-submission
Cleo KYC timelines depend on document quality and account type.
Verify current wait times in the Cleo app
Found typically verifies personal accounts within minutes to 24 hours with a valid ID.
Verify current wait times in the Found app
Overall VerdictWealthBlueprint independent recommendation
IT'S A TIE — both score 3/5 stars.

Choose Cleo if you need: Budget-conscious Gen Z and millennial users wanting an AI chatbot that roasts their spending, automates savings, and provides small cash advances with no credit check.
Choose Found if you need: Freelancers and self-employed individuals wanting integrated banking, bookkeeping, and tax tools.

➜ Your choice depends on your specific needs
Official WebsiteVisit platform to sign up or verify current fees
Visit Cleo ↗ Visit Found ↗

Choose Cleo If:

  • You need Budget-conscious Gen Z and millennial users wanting an AI chatbot that roasts their spending, automates savings, and provides small cash advances with no credit check
  • You prefer Free tier available; Cleo Plus $5.99/month (cash advances up to $250, credit insights); Cleo Builder $14.99/month (up to $500 advance with $750/month direct deposit); express delivery fee $3.99–$14.99
  • You value ExtraCash advances approved in minutes; standard delivery free to Cleo account; express delivery to external debit card same day with fee; paycheck access up to 10 days early

Choose Found If:

  • You need Freelancers and self-employed individuals wanting integrated banking, bookkeeping, and tax tools
  • You prefer Free plan available; premium features require subscription; not publicly priced
  • You value Fast account opening; real-time transaction categorization; automated bookkeeping
WealthBlueprint Verdict Summary
Cleo — Best For
Budget-conscious Gen Z and millennial users wanting an AI chatbot that roasts their spending, automates savings, and provides small cash advances with no credit check
✓ Strong in its core category
Found — Best For
Freelancers and self-employed individuals wanting integrated banking, bookkeeping, and tax tools
✓ Strong in its core category

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