Clarity Money, which launched its personal finance management app in January, has already closed its second funding round, which was co-led by Citi Ventures.

Citi Ventures, the strategic investment arm of financial services firm Citi, has co-led an $11m series B round for US-based personal finance management app developer Clarity Money with venture capital firm RRE Ventures.

Clarity’s app, which was launched in January 2017, utilises artificial intelligence and data science to help users make better financial decisions. It estimates its subscription cancellation service has so far saved its customers an average of $300 each.

Luis Valdich, managing director of Citi Ventures, said: “The…