Cleo, a British fintech company, is starting to build a team in Portugal with around 10 people and is actively recruiting. The financial health app uses Ruby on Rails and React Native, but is not available in Portugal because 99% of its users are American. It offers a competitive salary, equity, and full remote work. Contracts are via EOR, through Deel.
Cleo starts building team in Portugal with full remote model
British fintech Cleo has begun assembling a team in Portugal, aiming to hire around 10 professionals as part of its international expansion strategy.
The company, known for its AI-powered financial health app, is actively recruiting — particularly for tech roles. Cleo’s stack includes Ruby on Rails on the backend and React Native for mobile development.
Interestingly, the app is not available in Portugal, as roughly 99% of its user base is in the United States. So yes, you’d be building for Americans while working from Portugal. Globalization at its finest.
What Cleo is offering:
- Competitive salary
- Equity participation
- Fully remote work
- Contracts via EOR through Deel
By using an Employer of Record (EOR) model via Deel, Cleo can hire locally in Portugal without setting up a legal entity in the country — a structure that’s becoming increasingly common among scaling tech companies.
With fintech continuing to compete aggressively for engineering talent, Cleo’s move signals confidence in Portugal’s tech ecosystem — even if its product remains firmly focused on the US market.
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