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
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Chip Financial Ltd
- Date of Incorporation 08 Apr, 2016
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$2.08 M (USD)7as on Dec 31, 2022
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Net Profit
$-16.33 M (USD)-4as on Dec 31, 2022
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EBITDA
$-18.55 M (USD)-5as on Dec 31, 2022
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Total Equity Funding
$105.71 M (USD)
in 12 rounds
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Latest Funding Round
$8.13 M (USD), Series D
Sep 15, 2025
- Investors
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Employee Count
119
as on Jan 31, 2022
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Products & Services of Chip
Chip offers a comprehensive portfolio of products and services, including Cash ISA, Easy Access Account, and Investment Funds. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tax-free savings with competitive interest rates.
Flexible account for instant deposits and withdrawals.
Access to global funds for portfolio diversification.
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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.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series D — $8.1M
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First Round
First Round
(22 Dec 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series D - Chip | Valuation |
investors |
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| Dec, 2023 | Amount | Series C - Chip | Valuation |
investors |
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| Mar, 2022 | Amount | Series B - Chip | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Chip
Chip has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Channel 4 Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chip
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Chip
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chip Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Tax refunds are processed online via receipt photo uploads.
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| domain | founded_year | HQ Location |
Bloom is designed to teach teens and parents about investing.
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| domain | founded_year | HQ Location |
Individuals are supported in saving money via an automated platform.
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| domain | founded_year | HQ Location |
Mobile-first automated savings platform
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| domain | founded_year | HQ Location |
Goal-based savings and investments are managed via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Chip
Frequently Asked Questions about Chip
When was Chip founded?
Chip was founded in 2016.
Where is Chip located?
Chip is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Chip?
Simon Rabin is the current CEO of Chip. They have also founded this company.
Is Chip a funded company?
Chip is a funded company, having raised a total of $105.71M across 12 funding rounds to date. The company's 1st funding round was a Series B of $6.28M, raised on Dec 22, 2016.
How many employees does Chip have?
As of Jan 31, 2022, the latest employee count at Chip is 119.
What is the annual revenue of Chip?
Annual revenue of Chip is $2.08M as on Dec 31, 2022.
What does Chip do?
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.
Who are the top competitors of Chip?
Chip's top competitors include WeVat, Bloom and MONY Group.
What products or services does Chip offer?
Chip offers Cash ISA, Easy Access Account, and Investment Funds.
Who are Chip's investors?
Chip has 1 investor. Key investors include Channel 4 Ventures.
What is Chip's valuation?
The valuation of Chip is $54M as of Jul 2020.
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