Cleo Pay

Autonomous Hospitality.

We’re building the autonomous back office for the people who run restaurants, bars, venues, and clubs.

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For a long time

It used to be enough.

  • Have great food.
  • Or a great show.
  • Sell out tickets.
  • Be packed.
  • Be profitable.

That’s not the world we run in anymore.

The new reality

Four things changed at once.

01
Margins

Tighter than they have ever been.

The same plate that paid the rent five years ago barely covers the food cost today.

02
Beverage

Sales are down across the board.

The drink-and-stay culture that used to subsidize the kitchen has cooled, and your margin went with it.

03
Cost of goods + Labor

Have never been higher.

Everyone wants more. The product, the people, the lease. None of it is going back down.

04
Attention

Hundreds of options, one tap away.

Every guest has fifty alternatives in their pocket. The moment you give them a reason to look elsewhere, they will.

In a world this tight, you need every advantage you can get.

Why you’re in this

You didn’t get into this business to manage payroll, track COGS, issue payments, chase cashflow.

You did this to create moments, spaces, experiences.

And yet, in this market, it has never mattered more to know exactly where the money is, where it’s going, and what it’s doing for you. The two truths sit on top of each other, and most operators we talk to are crushed underneath them.

Cleo

We give you back the time.

Cleo is an autonomous back office for hospitality. We replace the clerks, the spreadsheets, and the stack of late-night admin work with agents that run twenty-four hours a day. You stay focused on the part of the business only you can do.

Cleo agent conversation interface
Why us

Hospitality on the floor.
Fintech and AI in the back.

Hospitality and entertainment expertise and relationships, merged with fintech and agentic prowess.

Duncan Abdelnour
Duncan Abdelnour
Co-Founder & CEO
10+ years in hospitality, seasoned founder (Crowdsync, Unveiled, Virgo, Creatures Rooftop, Music For A While).
Creatures RooftopProject 91 NYCVirgoCrowdPassCrowdSync
Davidson Nascimento
Davidson Nascimento
Co-Founder & CTO
Senior software engineer with 8+ years in fintech. Previously at Archie.
Archie
Kivanc "KP" Peltek
Kivanc "KP" Peltek
Co-Founder & COO
4+ years in software and AI. CS at Temple University. Previously Hyper, Pennovation Works.
Hyper
The first agent

Cleo Pay.

Every invoice, every vendor, every payment, handled. Cleo Pay ingests, codes, schedules, and pays. The AP clerk seat goes away.

Inbound
Invoice #A-88219:42 AM
Pacific Seafood Co.
Amount$2,847.50
TermsNet 30
StatusPending
Cleo Agent
Processing
  • Scanning document
  • Matching vendor
  • Categorizing line items
  • Checking policy
Outcome
  • Approved
    Under $5k policy
  • Scheduled
    Jun 12
  • Categorized
    COGS · Seafood
  • Posted to QuickBooks
    Synced
  • Payment pending
    On terms

Zero human touches. Every invoice. Every day.

Both sides of the platform

Vendors paid. Teams spending.

Vendors

Onboarded in seconds. Paid instantly.

Vendors connect a bank account from their phone and finish in seconds. No portals, no chasing W-9s. Payments land the moment Cleo releases them.

Onboarding
Under 60s
Settlement
Instant
Bank link
Plaid
Mobile-first
iOS · Android
Cleo Cards · Coming next

Teams spending, under control.

Every team member gets an instant virtual card with their own limits and category controls. Add to Apple Wallet in seconds. Off-board with one click.

Issue
Instant
Virtual + Apple Wallet
Control
Per person
Limits · categories
Offboard
One click
Access gone, tracked
What it does today

One platform. Every payment surface.

Cleo Pay is already shipping. The platform that started with AP automation now covers the full payment perimeter for hospitality operators.

AI invoice scanning
AI invoice scanning
Drop in a PDF, photo, or email. Cleo extracts the line items, codes them to the right account, and routes for approval.
Approval workflows
Approval workflows
Set the policy once. Cleo handles routing, escalations, audit trail, and dollar thresholds without you touching it.
Pay contractors and vendors
Pay contractors and vendors
Same-day ACH, wires, and instant rails. One platform, every payment method, every counterparty.
Vendor and contractor onboarding
Vendor and contractor onboarding
Self-service intake. Bank account, W-9, insurance, all collected and verified before the first payment.
Create and send invoices
Create and send invoices
Generate, send, and track invoices to your customers. Automatic reminders, instant settlement, no spreadsheets.
Shareable payment links
Shareable payment links
Drop a link in a text or email. Get paid without making your customer set up an account.
The market

Hospitality-native. End-to-end. Autonomous.
Nothing else is all three.

Operators today stitch together a POS, a ledger, an AP tool, a corporate card platform, a food-cost tracker, and a payroll seat. Each piece is horizontal, partial, or both. Cleo collapses the whole stack into a single platform built from the ground up for the people running these businesses.

General · Full platformHospitality · Full platformGeneral · Point toolHospitality · Point tool
QuickBooks
Bill.com
Ramp
Toast
MarginEdge
Cleo Pay
Who it’s built for
General-purposeHospitality-native
QuickBooks

The horizontal SMB ledger most restaurants already use, with real AP and approval workflows paywalled behind the $275/mo Advanced tier.

Bill.com

Built for the accounting-firm channel since 2006, with a UI that shows its age and a hospitality page that lists zero hospitality features.

Ramp

Tech-startup spend management with a $25K qualifying balance, daily auto-debit terms, and zero food costing or purveyor logic.

Toast

A POS first. Bill Pay is a pilot layer on top of xtraCHEF on top of the POS contract, and contractor 1099s never get filed.

MarginEdge

Food-cost software with bill pay bolted on. Still needs a separate GL underneath, with no cards, no contractor pay, and no treasury layer.

Cleo Pay

Hospitality-native, end-to-end, autonomous. AP, cards, payroll, and reconciliation handled by agents on a single platform built for operators.

Operators already running on Cleo
Selina
Mr. Purple
Midline
Mirari
Mockingbird
Summer Club
Traction

Live since June 2025.

Growing fast among top hospitality and event groups.

$94K
ARR · as of Jun 1, 2026
63+
Businesses onboarded
5,500+
Vendors in-network
$7.5M+
Total volume processed
The roadmap

One agent at a time, the back office disappears.

AgentReplacesStatus
Cleo PayAP clerk · vendor paymentsLIVE
Cleo CardsPetty cash · shared debit cardsNEXT
Cleo Payroll1099 · contractor adminQUEUED
Cleo InventoryCounts · ordering · reconciliationQUEUED
Cleo BooksBookkeeper · close · reportingQUEUED
Cleo FloorScheduling · laborQUEUED
Cleo ReachMarketing · offers · artist opsQUEUED
Go-to-market

In hospitality, distribution is the product. We built the wedge that compounds it.

AI is collapsing the cost of building software. What it cannot collapse is trust. Hospitality runs on relationships, on the chef who vouches for the linen guy, on the GM who texts another GM about a payment platform that actually works. Cleo was designed around this fact. Every business we sign brings their vendor network with them, and every vendor we touch becomes a warm introduction to the next operator.

  1. 1
    Boots on the ground
    A founding team that already lives inside the venues, bars, and back-of-house circles we sell into.
  2. 2
    First business onboards
    One restaurant or venue moves their AP onto Cleo and connects their books.
  3. 3
    150+ vendors activated
    Every supplier on that list receives a Cleo invoice and a Cleo payment, no signup friction.
  4. 4
    Vendors carry Cleo forward
    Suppliers introduce Cleo to their other hospitality customers, often unprompted.
  5. 5
    Loop closes, density compounds
    Each new business arrives pre-warmed by vendors and peers already on the network.
The multiplier
One business, one hundred and fifty vendor touchpoints
Every signed account seeds the network with the next hundred and fifty introductions.
The inbound
Vendor-driven referrals arrive without a paid channel
The cheapest acquisition is the one a supplier makes for you over a phone call.
The density
Hospitality clusters by neighborhood and owner group
Wins are contagious inside a zip code, and we are already inside several.

The product is the wedge. The network is the moat.

We’re raising
$1–$2M
Via a SAFE
To
Scale to $2M+ ARR.