To be fair, there are a fair number of video editing apps available for the iPhone right now. I suppose it's because the portable nature of iDevices makes them perfect for amateur film folk. Cinefy is another such app meant for creating video clips, sure, but it appears to be much more extensive than most of the current offerings.
For one thing, it has a pretty sleek and accessible-looking interface: the individual tracks are easy to distinguish from one another thanks to some vivid color-coding. But it's not just about the editing. Cinefy also offers what, to my knowledge, is a first for iOS video apps. It features "one click licensing," which gives users access to a large selection of copyright-cleared tunes (provided by Friendly Music). A feature meant to streamline the process of video production, no doubt, and it seems like it'll do just that. Once a video has been finished, it can be exported to Facebook, YouTube and Vimeo.
There's no official pricing and release info available yet, but interested cinematic auteurs can head on over to the website to try and get a spot in the beta. And if anyone reading this gets in, please feel free to tell us about it!