Chip recently announced the closing of their £6.5m crowdfund on Crowdcube with £1m raised in just eight minutes. Chip has its sights firmly set on becoming a saving and investment super app.
In their latest crowdfunding raise, Chip closed £6.5m from 9,000 investors crowning itself as one of the largest crowdfunded FinTech businesses across Europe.
Chip's CEO and founder Simon Rabin said, “Our investor community is at the heart of everything that we do in allowing our customers to become shareholders and investors in the business. The purpose of that is to have a community of customers that drive the product direction and also fund the growth of the business.”
“They kind of go on this journey, become very engaged and form part of our customer and investor communities which then drive product development and overall direction of the business."
After the crowdfund took place with 9,200 investors, the shareholder community grew to 25,500. There are now more than half a million people using the app, and the company has seen a record number of new savers join in 2022 to date, with 1,000-2,000 new accounts opened every day in January and tens of millions of pounds in new deposits.
Read more from the article here.
Comments