5 years ago

Chip Raises €11.5 Million in Record-Breaking Crowdfunding Round

  • Chip, a UK-based fintech company, has raised €11.5 million in a Series A funding round from Crowdcube and the Future Fund

  • The round, which closed in under 48 hours, was the largest convertible round in UK crowdfunding history and the largest crowdfunded Future Fund participation

  • Chip's app uses AI to automatically save money for users, helping them reach their financial goals

  • The funding will be used to fuel Chip's growth, expand its services, and improve its infrastructure

  • Chip's CEO, Simon Rabin, commented on the success of the round and the company's plans to capture a slice of Europe's €30 trillion savings market.

      • ProblemFinancial Services

      "people struggle to save money effectively"

      Solution

      "a clever app that automatically puts money aside for users, using AI to decide what to save, to help them reach their financial goals"

      Covered on