Talin Cinema -A real-time shared payment app that allows people to pay for the monopoly, single transactions together-Launch-Launch and have collected $ 3.5 million for seed funds to support continued growth across Europe.
Balderton Capital was led by the fund of the fund. Connect Ventures participated in along with top angels, including Bernie Hussey-Yeo (Cleo’s founder).
Elena ChurilovaSino’s co-founder and chief executive officer says: “Fintech has always been one-dimensional but we are social animals. We should reflect our payment how we actually spend money – together. Back to cash days, it was easy. Now that we have become digital, payments need to be developed to pay for paymentThe “
Launched by CEO Elena Churilova and CO Lina Saleh in 2021, CIO-led products and design experts, who have experienced Bombs and Booking.com, with a background of human-centric design from Lina, Colonel University. The Sino is the first solution that allows people to pay the real one together – at the checkout points directly at their bank account charges their share in real time in real time.
The way General Z expects to pay with friends and family – instant and effortlessly without financial disorders – and as socially designed as the experience that enables it enables. As a generation that achieved success in the connection, General Z needs financial equipment to be dynamic, adapted and integrated. Sino is combined with that need, providing a bank-immune solution that works across the EU and soon the United Kingdom.
How it works: Users safely connect their card to the CIO app, get a virtual card and join the shared payment groups where they set the custom divide ratio. Wherever a member of any group is received, the visa can be paid for anything and everyone’s shares are automatically deducted in the checkout.
Importantly, the synos are bank-godnostic; People do not need to use the same bank for shared pay or share bank details. All payments appear in group feed for complete transparency and users can join or leave at any time in payment groups.
In this way, the Sino shared out of the payment-no follow-up, any tracking, any payment link, any share of the bank’s details, no wallet, pre-load fund fund.
General Z has been raised in digital wallet and banking applications, but the division expenditure remains. Living in home -shared homes, dividing utilities and grocery bills, young people also need to work hard to balance the budget in an unpredictable economy.
Even in close relationships, joint bank accounts are becoming less common.
The existing bill-discriminatory applications built a decade ago were designed to manage the debt. Their process – what to input, how to divide it and when requesting to pay AY, decides – creates angust and negative feelings around the divided expenditure. This is a significant problem, as it has been proved by over Half of us A friendship has ended, and a Third General Z couples are more divided than money disputes.
In Finland and Italy and groups, CIO has seen 100% month-month growth and groups spend on average, using 17 times a month to € 3K. Active users usually make their first transactions within a few hours of signing up, and the company has a growing weightlist before its introduction of the UK late year.
With this latest fund, Cino will expand further across Europe, launch newly shared payment features and explore new vertical, including paying B2B and fare.
Greta Anderson Balderton Capital says: “For a very long time, people have accepted the standard bill-discrimination, debt tracking and repayment requests as the only way to handle the expenses-because there was no alternative. Sino’s viral growth shows that users have an alternative to choice. We are interested in supporting Elena and Lina because they re -define money between people and groupsThe “
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