Clove raises $14 million

London-based Clove has emerged from stealth with a $14 million pre-seed round led by Accel, with participation from Kindred Capital, Air Street Capital, and several angels.

The fintech startup will offer technology and access to advisors to help people make smarter decisions with their money. Clove will use the funding to expand its team and platform ahead of a planned full launch in 2026.

“We are exploring how to combine real human advisers with AI to break the traditional economics of the advice industry. Our aim is to make it possible to deliver high-quality, personalised advice at an unprecedented scale. As we started exploring this problem we discovered that most of what financial advisers do isn’t actually advice, it’s admin. By using AI to reduce that burden, we hope to give advisers more time to do what they are trained to do: help people make better decisions.” – Clove.