Cino provides a real-time shared payment solution that issues virtual cards users connect to via the mobile app so groups can split bills and pay their share at checkout. Groups can set adjustable custom split ratios, any member can pay, and all transactions appear transparently in a group feed. Currently all participants must be Cino users, and the company is building a feature to allow direct joining through Apple Pay or Google Pay. The app has emerged from Tallinn, Estonia and has been operating across continental Europe since 2023. Cino reports 100% month-over-month growth in markets like Finland and Italy; customers use the app an average of 17 times per month and spend up to €3,000. The company plans to use recent funding to expand into the U.K. Cino is a Tallinn-based fintech that links each person’s bank account to a single virtual payment card so groups can pay together and avoid IOUs. The product is positioned as a social payments experience and is reported to be popular among couples and Gen Z users. Co-founders Elena Churilova and Lina Saleh frame the app as a seamless integration into daily life to simplify shared expenses like rent, groceries, trips, dinners, and drinks. The company says traditional IOU and payment-request apps were designed for a different generation and Cino aims to make finance more social. Cino was founded in 2022 and is focused on expanding adoption among its target demographics. Financially, the startup has recently secured external capital to support its growth, having raised over €1.4 million in the latest round.

Total raised

$6M

Funding rounds

2

Latest round

Seed

Latest activity

Mar 2025