Cino, a Tallinn, Estonia-based provider of a real-time shared payment app, raised €3.5M in Seed funding.
The round was led by Balderton Capital. Connect Ventures also participated alongside angels, including Barney Hussey-Yeo (founder of Cleo).
The company intends to use the funds to expand further across Europe, launching new shared payment features and exploring new verticals including B2B payments and rent.
Launched in 2023 by CEO Elena Churilova and COO Lina Saleh, Cino is a provider of a real-time shared payment app that finally lets people pay together in a single transaction, charging everyone directly from their bank account at the point of checkout.
Users securely connect their card to the Cino app, get a virtual card, and can join shared payment groups where they set adjustable custom split ratios. Any group member can pay for anything, wherever Visa is accepted, and everyone’s share is automatically deducted at checkout.
Cino is bank-agnostic and people no longer need to use the same bank to make shared payments, or share bank details. All payments appear in the group feed for full transparency and users can join or leave payment groups anytime.
FinSMEs
04/03/2025