About Chip
Chip is a company based in London (United Kingdom) founded in 2016 by Simon Rabin. Chip has raised $105.71 million across 12 funding rounds from investors including Channel 4 Ventures. The company has 119 employees as of January 31, 2022. Chip offers products and services including Cash ISA, Easy Access Account, and Investment Funds. Chip operates in a competitive market with competitors including WeVat, Bloom, Communion Saves, Saveable and Strowz, among others.
- Headquarter London, United Kingdom
- Employees 119 as on 31 Jan, 2022
- Founders Simon Rabin
- Stage Minicorn
-
Sectors
Technology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Chip Financial Ltd
- Date of Incorporation 08 Apr, 2016
- Jurisdiction LONDON, UNITED KINGDOM
-
Annual Revenue
$2.08 M (USD)7as on Dec 31, 2022
-
Net Profit
-$16.33 M (USD)-4as on Dec 31, 2022
-
EBITDA
-$18.55 M (USD)-5as on Dec 31, 2022
-
Total Equity Funding
$105.71 M (USD)
in 12 rounds
-
Latest Funding Round
$8.13 M (USD), Series D
Sep 15, 2025
- Investors
-
Employee Count
119
as on Jan 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Chip
Chip offers a comprehensive portfolio of products and services, including Cash ISA, Easy Access Account, and Investment Funds.
Tax-free savings with competitive interest rates.
Flexible account for instant deposits and withdrawals.
Access to global funds for portfolio diversification.
People of Chip
Unlock access to complete
Funding Insights of Chip
Chip has successfully raised a total of $105.71M across 12 strategic funding rounds. The most recent funding activity was a Series D round of $8.13 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Chip
Chip has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Channel 4 Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity investments are directed across multiple sectors.
|
Locked | Locked | Locked |
Investor details for Chip
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Chip
Investment portfolio details for Chip
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Chip
Detailed financials for Chip
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Chip Comparisons
Peer comparison for Chip
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Chip
Chip operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeVat, Bloom, Communion Saves, Saveable and Strowz, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Tax refunds are processed online via receipt photo uploads.
|
|
| Locked | Locked | Locked |
Bloom is designed to teach teens and parents about investing.
|
|
| Locked | Locked | Locked |
Individuals are supported in saving money via an automated platform.
|
|
| Locked | Locked | Locked |
Mobile-first automated savings platform
|
|
| Locked | Locked | Locked |
Goal-based savings and investments are managed via an online platform.
|
Detailed competitors of Chip
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Chip
Complete news archive for Chip
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Chip
Chip was founded in 2016.
Chip is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Simon Rabin is the current CEO of Chip. They have also founded this company.
Chip is a funded company, having raised a total of $105.71M across 12 funding rounds to date.
As of Jan 31, 2022, the latest employee count at Chip is 119.
Annual revenue of Chip is $2.08M as on Dec 31, 2022.
Founded in 2016 in London, United Kingdom, Chip operates as a fintech platform focused on automated personal savings. Bank accounts are connected by users, and spending patterns are analyzed by an algorithm to identify small amounts for transfer to a dedicated savings account. Funds can subsequently be moved back to the original bank. The service is accessible through Android and iOS applications.
Chip's top competitors include WeVat, Bloom and MONY Group.
Chip offers Cash ISA, Easy Access Account, and Investment Funds.
Chip has 1 investor. Key investors include Channel 4 Ventures.
The valuation of Chip is $54M as of Jul 2020.