# Cino

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cino

- Industry: Financial Services
- Headquarters: Tallinn, Estonia
- Website: www.getcino.com/
- Total disclosed funding: $3.6M
- Latest round: Seed (Mar 4, 2025)
- Investors on record: 3

## About

Founded in 2021 by Edward Poot, Elena Churilova, and Lina Saleh, and based in Tallinn, Estonia, Freerange Lamas OÜ, trading under the name Cino, operates as a financial technology company that offers virtual cards allowing users to split their bills and make group payments. In October 2023, Cino raised EUR 1.4 million in venture funding from investors APX, Atomico, and Tera Ventures, with participation from other investors. The firm’s partners include Visa, GPay, and Apple Pay. As of 2023, the firm operates from locations in Tallinn, and Amsterdam.  The firm develops and offers mobile applications that connect with users’ bank accounts and enable friends, roommates, and family members to split all their recurring or one-time bills such as groceries, rent, vacation, food, etc., in the desired ratios. Users can create groups, track expenses, set limits, and send reminders for outstanding payments in real-time.  The company intends to use the October 2023 funding to organize its team, launch its platform, expand its user base through strategies like content creation on social media, and secure partnerships and accreditations with Apple, Google, and Visa.

The company intends to use the March 2025 funding to expand operations to the UK.

## Funding rounds

- Seed, Mar 4, 2025, $3.6M — Balderton Capital, Connect Ventures, Tera Ventures

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Seed
- Connect Ventures — Seed
- Tera Ventures (https://capitalatlas.ai/funds/tera-ventures) — Seed