Although Vanmo or Split Vioas are effectively ‘debt collectors’ tools, which requires a person to pay the whole bill and then request funds from others, nor have the bill spilting break in the moment of payment. European start SignWhich has only been revealed with such products, now $ 3.5 million has been deposited in financing seeds, led by London Balderon Capital.
The Real Time Joint Payment app allows a group to distribute the bill and pay its share directly from any bank account or wallet.
After emerging from Tlin, Estonia, and working in continental Europe from 2023, Sino will now use the fund to expand the UK.
CEO Elena Chorilova (formerly Bombal & Booking.com) and COO Lena Saleh (former Cornell University) appear, making waves between the Sino General Z, which dislike the “financial strange” and the joint bank accounts for a joint bank account.
Users to use Sino, users connect their card to the mobile app where they get a virtual card. They then may join the joint payment groups where they set up the adjustable customs proportion, such as for a restaurant bill. The company said that any member of the group can pay for anything and each part of each is automatically deducted at the checkout.
All payment group feeds appear transparently in feed, and users can join or leave the payment groups at any time.
Currently, all users need to become a Sino user to work for the app, but the company is also developing a new feature where you can join Apple Pay or Google Pay.
Sino claims that markets like Finland and Italy have a monthly increase in a month, and they say that its Gahak, on average, uses the app 17 times a month, spending up to 000 3,000.
“The way to set up this is a WhatsApp work,” said Elena Chorilova, the CEO of Sina, on the call with a tech cranch. “You just form a group, and then we issue virtual cards. You can add people, remove people from this virtual card, and change the distribution ratio.
The trip to Sanu began when Churchilova was working in Bombal, and he began to distribute costs with colleagues: “I tried to find out every device that I did not have to make my weekend in accounting exercises,” he said. “Then I had the same moment to think, like, ‘Why isn’t anyone making a way to pay?’
The app also benefits the network effect on the scale, as each new Sono user invites 2-4 others for free in the first six months of their join.
“For a long time, people have accepted standard bills supplementation, loan tracking and payment requests as the only way to handle joint spending-just because it had no alternative,” said Greita Anderson, in a statement in Baldarn Capital. “Sino’s viral growth suggests that there is an alternative that users like.”
Connective Ventures and Terra Ventures also participated in the period along with angels, including Barney Hussey-Yew (the founder of Cleau).