Cleo

Summary

Cleo (cleo.cl) is a pioneering Chilean fintech that specializes in "Buy Now, Pay Later" (BNPL) solutions tailored for the Latin American market. It enables consumers to make purchases and pay in interest-free installments or at a later date, notably without the requirement of a traditional credit card. By integrating directly with merchant checkouts, Cleo helps businesses increase conversion rates and average ticket sizes while assuming the credit risk, ensuring merchants receive payment as early as the next business day.