Cino, a European startup, has developed a real-time shared payment app that simplifies bill splitting at the moment of transaction. Raised €3.5m in Seed funding, it is led by experienced CEO Elena Churilova and COO Lina Saleh. Targeting Gen Z, who prefer avoiding financial awkwardness, the app lets users pay directly from their bank accounts or wallets. Users can dynamically adjust payment splits and have transparent tracking through app feeds. Currently expanding to the U.K., Cino demonstrates notable growth with users engaging mid-month on average 17 times, spending a total of €3,000.
"The way to set it up is similar to how WhatsApp works," explained Elena Churilova, CEO of Cino, over a call with TechCrunch. "You just create groups, and then we issue virtual cards."
Cino appears to be making waves among Gen Z, who dislike 'financial awkwardness' and among whom joint bank accounts for shared household bills are going the way of the dinosaur.
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