5 years ago

Chip Raises £2.5 Million in Record Crowdfunding Round

  • Chip, a fintech app that automatically saves money for users, has raised £2.5 million in a record-breaking crowdfunding round on Crowdcube

  • The funds will be used to accelerate Chip's growth, including the launch of an FSCS protected savings account and new features

  • Chip has seen a 40% increase in user base and a 13% increase in the average amount put aside by savers each month in the first three months of 2020.

      • ProblemFinancial Services

      "People struggle to save money regularly, especially in times of economic uncertainty."

      Solution

      "Chip is a fintech app that automatically saves money for users by rounding up purchases and transferring the difference to a savings account. It also offers features like goal-setting and budgeting to help users manage their finances."

      Covered on