Fintech startup Cino, a TNW community member, has secured 3.5mn for its shared payments app that lets friends and family pay together.Cino is designed for tech-savvy Gen Zers, who expect to split bills instantly and effortlessly together without financial awkwardness, the company said.Unlike payment request appslike Tikkie ubiquitous in the Netherlands Cino splits bills in real-time, so you dont have to chase down your mates to cough up on that exorbitant sushi bill you covered last week.Cino is available across the EU but, fuelled by fresh funding, the startup will now expand to the UK. Balderton Capital led the seed round, with participation from Connect Ventures, Tera Ventures, and angels including founder of Cleo AI Barney Hussey-Yeo.Cinos CEO Elena Churilova, a former product lead at Bumble, and COO Lina Saleh founded the startupin 2023 to reduce financial friction between friends and family. I realised that everyone was trying to solve the process of settling debt, instead of coming earlier, at the moment of payment, Churilova previously told TNW.The of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!Cino users link their bank card to the app, where they get a virtual card. They can then create or join custom payment groups with fully adjustable split ratios. Everyones share is then deducted at checkout. Every payment appears in a shared group feed for total transparency, and users can hop in or out of groups anytime.Fintech has always been one-dimensional but we are social creatures, said Churilova. Our payments should reflect how we actually spend money together. Back in the cash days, it was simpler. Now that weve gone digital, payments need to evolve to keep up.Cino said it has seen 100% month-on-month growth in Finland and Italy. Groups use Cino 17 times a month on average, spending up to 3,000. Story by Sin Geschwindt Sin is a climate and energy reporter at TNW. From nuclear fusion to escooters, he covers the length and breadth of Europe's clean tech ecos (show all) Sin is a climate and energy reporter at TNW. From nuclear fusion to escooters, he covers the length and breadth of Europe's clean tech ecosystem. He's happiest sourcing a scoop, investigating the impact of emerging technologies, and even putting them to the test. Sin has five years journalism experience and holds a dual degree in media and environmental science from the University of Cape Town, South Africa. Get the TNW newsletterGet the most important tech news in your inbox each week.Also tagged with