Cino Raises €3.5M Seed Funding to Revolutionize Bill Splitting at Point of Payment
Cino secures €3.5M seed funding, led by Balderton Capital, to expand its real-time bill-splitting app that eliminates post-payment debt collection.
Matilda
Cino Raises €3.5M Seed Funding to Revolutionize Bill Splitting at Point of Payment
While Venmo or Splitwise are effectively ‘debt collector’ tools, which require one person to pay a full bill and then request funds from others, neither have cracked bill-splitting at the moment of payment. European startup Cino, which has come up with just such a product, has now raised €3.5m in a Seed funding round led by London’s Balderton Capital. Image Credits:Lina Saleh and Elena Churilova, Cino founders The real-time shared payment app allows a group to split the bill and pay their share directly from whatever bank account or wallet they choose. After emerging from Tallinn, Estonia, and operating in continental Europe since 2023, Cino will now use the funding to expand to the U.K. Led by CEO Elena Churilova (formerly of Bumble and Booking.com) and COO Lina Saleh (ex-Cornell University), Cino appears to be making waves among Gen Z, who dislike “financial awkwardness” and among whom joint bank accounts — for payment of things like shared household bills — are going the way of the d…
