Amsterdam with a new fintech line-up.

3 innovation and digital news in 1 minute. Every Monday. Episode 344

Shared credit card for groups, friends, couples — Cino

Cino is a virtual credit card for group expenses, e.g. friends, couples, flatmates. A shared credit card meaning Cino is a credit card for a group. Group’s members bank accounts are connected to. Expenses are paid with the Cino card and then split between the connected bank accounts. Opinion: Imagine a vacation with a group of 4 friends, Cino solves the chaos of “Who pays for the Airbnb? How do we split? Who owes whom?”. This is the “pain” formulated by the young start-up with a start financing of 500k. Will the pain be high enough though!?

Cino is based in Amsterdam and Tallinn, founded by a former Adyen employee.

Great name and domain Anyone.com on a mission to enable anyone to buy a house

The “Anyone mortgage” promises anyone to afford buying a home. By splitting up ownership of a house into a 51% and 49% stake (51 for the home buyer and 49 for the mortgage provider). Only the 51% stake is bought by the buyer, and thus only this stake will be financed. The mortgage provider buys the 49% stake and provides mortgage for the 51% stake to the buyer. Founded in 2023 in Amsterdam, 3m € seed funding. Opinion: Buying only the 51% stake of a house means byuers can double their budget compared to a conventional 100% ownership. Well, at least on financing, not on the house value after time. Anyone.com formulates a mission (manifesto and whitepaper on website) “to enable anyone to own the house they live in”.

It makes sense, especially in times of higher interest rates.

Tap-to-pay, but on Android, it’s called Klearly

The Klearly app turns a smartphone into a payment terminal, to accept card payments at POS. Available on Android phones only, Apple launched in February 2022 the same feature in Apple Pay “tap to pay”. Usecases are taxi drivers, farmers’ market vendors etc. Amsterdam, 2.1m € fundings. Opinion: Klearly has positioned an agressive pricing to persuade merchants to switch or to use the system instead of cash after all. They claim to be the “the most affordable card reader” for POS payments on smartphone. BTW: only contactless.

The Android alternative to a native iPhone feature — not creative but efficient proposition.