About Chip
Chip is a Technology company based in London (United Kingdom) founded in 2016 by Simon Rabin. Automated savings are enabled via app for individual users. Chip has raised $105.71 million across 12 funding rounds from investors including Channel 4 Ventures. The company has 119 employees. Chip was last valued at $54 million in July 2020. Its chief executive, as recorded, is Simon Rabin. Its website getchip.uk draws about 218 thousand monthly visits. Chip offers products and services including Cash ISA, Easy Access Account, and Investment Funds. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Savings Platforms. Its legal entity is CHIP FINANCIAL LTD. Its competitors include WeVat, Communion Saves and Saveable; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Employees 119
- Founders Simon Rabin
- Stage Minicorn
- SectorsTechnology
- Website category Finance · Financial Planning and Management
- Email••••••••
- Website getchip.uk
- Social LinkedIn X Facebook Instagram
- 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$105.71M (USD)
in 12 rounds
- Latest Funding Round$8.13M (USD), Series D
Sep 2025
- Investors
- Employee Count119
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.
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 $105.71M
- Total Rounds 12
- Last Round Series D — $8.13M
- First Round $170,000
(Dec 2016)
- Investors Count 1
Latest 10 of 12 funding rounds of Chip with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2025 | $8.13M | Series D | – | – | |
| Dec 2023 | $6.42M | Series C | – | – | – |
| Mar 2022 | $6.28M | Series B | – | – | – |
| Oct 2021 | $15.62M | Series A | – | – | – |
| Sep 2020 | $14.82M | Series A | – | – | – |
| Jul 2020 | $210,000 | Series A | $54M | – | – |
| Apr 2020 | $3.21M | Series A | – | – | – |
| Oct 2019 | $9.01M | Series A | $54.2M | – | – |
| Oct 2018 | $5.3M | Series A | $••••• | – | – |
| Apr 2018 | $35.1M | Series A | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2020 | $54M | •••••••• |
| Oct 2019 | $54.2M | •••••••• |
| Oct 2018 | $••••• | •••••••• |
| Apr 2018 | $••••• | •••••••• |
Full valuation and stage history of Chip
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $54M (Jul 2020). 1 investors in total: 1 institutional.
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. | channel4ventures.com | London, United Kingdom |
Investor details for Chip
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Chip
29 people are tracked at Chip (16 in leadership, 13 in team); the tracked headcount is 119.
| Name | Role | Group |
|---|---|---|
Simon Rabin | Founder & CEO | Leadership |
Tom Martin | VP of Marketing | Leadership |
Corinna Lamberti | Chief Product Officer | Leadership |
Daniel Bowling | Head of Talent | Leadership |
Alex Latham | Chief Marketing Officer | Leadership |
Sam Leathem | Senior VP Of Growth | Leadership |
Suzy Cox | Head Of Brand | Leadership |
Emma Mohan | Chief Risk Officer | Leadership |
Jo Hill | VP Of People | Leadership |
Nicole Bianchi | Senior VP Of Product | Leadership |
Paul Delaney | Head of Partnerships | Leadership |
Steph Easton | VP of People | Leadership |
Iain Mullan | Chief Technology Officer | Leadership |
Mihai Blebea | VP Of Engineering | Leadership |
Simeon Kay | Chief Financial Officer | Leadership |
Spencer MacDonald | Head Of Mobile | Leadership |
David Wilcock | Engineering Manager | Team |
Fred Adler | Community Manager | Team |
Simone Todaro | Technical Lead | Team |
Justin Gold | Growth Marketing Manager - Strategy | Team |
9 more people are available in the full profile.
Complete people profiles for Chip
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Chip
4 dated milestones of Chip across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Chip is founded.
- Funding First funding round of $170K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series D, of $8.1M.
Competitors of Chip
Chip has 3 listed competitors in our database, 3 of them funded. They include WeVat, Communion Saves and Saveable.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wevat.com | 2016 | London, United Kingdom | $308,500 | 7 | Tax refunds are processed online via receipt photo uploads. | |
| communionsaves.com | 2022 | London, United Kingdom | $3.18M | Individuals are supported in saving money via an automated platform. | ||
| savewithoinky.com | 2015 | London, United Kingdom | $1M | 3 | Mobile-first automated savings platform |
Detailed competitors of Chip
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Chip
The website of Chip (getchip.uk) receives about 218.4K visits a month and ranks #224,987 among all websites worldwide, #3,048 in Financial Planning and Management.
- Monthly visits218.4K
▲ 2.5% vs previous month
- Unique visitors96.3K
per month
- Global rank#224,987
among all websites
- Category rank#3,048
Finance · Financial Planning and Management
- Bounce rate50%
- Pages per visit1.8
- Average visit36 sec
- DevicesDesktop 19% · Mobile 81%
Websites whose visitors overlap most with Chip. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| moneysavingexpert.com | 100% | 20.7M | #3,243 | View details | |
moneyfactscompare.co.uk | moneyfactscompare.co.uk | 94% | #120,538 | – | |
| withplum.com | 91% | 383.8K | #164,369 | View details | |
| moneyboxapp.com | 91% | 1.1M | #63,690 | View details | |
| moneysupermarket.com | 88% | 7.8M | #7,331 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Chip
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Chip (Investment & Financial Technology) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online data source platform for information, analytics, and solutions for governments and financial markets | 1959 | London, England, United Kingdom | USD 1.41 B | |||
AI-based platform for automated personal spend management is provided. | 2016 | London, England, United Kingdom | USD 75.78 M |
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
Related news about 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 CEO of Chip, as recorded in our data. They have also founded this 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 A of $35.1M, raised on Dec 2016.
Chip has 119 employees.
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, Communion Saves and Saveable.
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.
Chip operates through Chip Financial Ltd.