Meemo (company)

Meemo was an AI-powered social finance application designed to help users manage their spending and receive personalized financial insights. The platform utilized artificial intelligence and machine learning to analyze transaction data, offering tailored recommendations, cashback rewards, and social sharing features.
History
Meemo was founded in 2020 by Yasmin Abdi, André Madeira, Ranveer Kunal, Robson Araújo and Wisam Dakka. The company raised $10 million in seed funding from investors such as Saama Capital, Monashees, and Sierra Ventures.
In June 2021, Coinbase acquired Meemo as part of its expansion into AI-driven financial services, integrating the startup’s technology into its digital banking and payments infrastructure.
Features
* AI-powered financial insights: The app provided personalized spending recommendations based on user transactions.
* Cashback rewards: Users could earn financial incentives through partner promotions.
* Social finance elements: Meemo allowed users to share expenses and gifting experiences through the app.
Acquisition by Coinbase
Following its 2021 acquisition, Meemo’s team joined Coinbase to enhance the company’s AI-driven financial products. The acquisition marked Coinbase’s push into integrating machine learning within its banking services.

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