Estonian fintech Cino secures €1.4M from Tera Ventures, APX, and Atomico

Tallinn-based fintech startup Cino has secured €1.4 million in fresh funding to make group payments easier. Tera Ventures, APX, and Atomico Syndicate participated in the round, reports.

  • Founded in 2021 by Lina Saleh, Elena Churilova, and Edward Poot, Cino develops a virtual card that splits group payments automatically, turning them into a social experience. The solution links each person’s bank account to one virtual payment card so all can pay together at the same time.
  • Basically, Cino allows users to avoid awkward situations with late reimbursements and reminders. According to the company, its product is most popular among couples and Gen Z.

“People spend a lot together, from rent, groceries, trips, dinners, and drinks. The role of fintech is to simplify our daily financial interactions, and that’s what our users love about Cino, we’re integrated seamlessly into their lives,”

Lina Saleh, Cino co-founder, told

The list of investors in Cino includes:

  • Tera Ventures, a Tallinn-based VC firm based focused on exceptional founders from Baltics, Nordics, and CEE.
  • APX, a Berlin-based investor focused on exceptional earliest-stage founder teams building startups in Europe.
  • Atomico Syndicate, a London-based VC firm that invests in ambitious tech founders at Series A and beyond.

Tera Ventures was recently included in AIN.Capital’s 19 most active Baltic VC funds in H1 2023 ranking. You can read more about the fund here: