Cino’s New Virtual Card Revolutionizes Bill Splitting for Gen Z

Cino bill-splitting app interface on smartphone with card reader.

Introducing Cino: Revolutionizing Group Payments

In a world where shared experiences often come with the awkwardness of splitting bills, fintech startup Cino emerges as a groundbreaking solution. With €3.5 million in seed funding secured, Cino introduces a shared payments app designed specifically for a tech-savvy generation that values seamless financial interactions.

How Cino Works: Payments Made Effortless

Cino is not just another payment app; it allows users to link their bank cards and utilize a virtual card to create or join custom payment groups. This platform provides complete flexibility with adjustable split ratios, meaning bills can be shared according to the preferences of the group. At the point of checkout, the app handles all transactions automatically, removing the need for awkward follow-ups.

A Shift in Payment Dynamics for Gen Z

The creators of Cino, co-founders Elena Churilova and Lina Saleh, understood that traditional bill-splitting apps only addressed the aftermath of shared expenses—asking for repayments rather than facilitating payments in real-time. With its unique approach, Cino is built for how Gen Z interacts, aiming to eliminate the discomfort associated with asking friends for money.

The Role of Funding in Cino's Expansion

Led by Balderton Capital, this funding round also saw participation from Connect Ventures and angel investors drawn to Cino's mission. With the ability to expand into the UK market soon, Cino plans to introduce new features that enhance shared payment experiences, confirming its unique place in the evolving fintech landscape.

Growth Metrics: Cino's Rapid Success

Currently experiencing a 100% month-on-month growth in regions like Finland and Italy, Cino users enjoy the app's functionality with an average of 17 transactions per month per group, spending impressive sums upwards of €3,000. This growing demand underscores the necessity for a solution that aligns with modern financial behaviors.

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