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Total amount raised
$88M
Latest funding date
2025-09-15
Location
Chip has successfully raised funding over 12 rounds, with the latest being an Equity Crowdfunding round. The app, which leverages open banking technology, enables users to save and invest seamlessly.
Backed by investors such as Channel 4 Ventures and Crowdcube, Chip continues to innovate in the financial technology space. Keep reading to explore the intricacies of Chip's fundraising journey and the investors supporting this dynamic platform.
What Is Chip?
Chip is a financial technology company based in London, England, specializing in savings and investments. The app leverages open banking technology to help users deposit into investment funds seamlessly. Operating in the fields of Artificial Intelligence, Banking, Financial Services, and FinTech, Chip has a workforce of 101-250 employees.
Founded to simplify the process of saving and investing, Chip offers various savings accounts and investment options, including Stocks & Shares ISA and curated investment funds. The company ensures the safety of user funds through FSCS protection, biometric security, and bank-level encryption.
How Much Funding Has Chip Raised?
- Equity Crowdfunding
- Amount Raised: GBP 3,804,080
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand user base and enhance product offerings.
- Equity Crowdfunding
- Amount Raised: GBP 4,455,608
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and development of new features.
- Equity Crowdfunding
- Amount Raised: GBP 2,773,364
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel product development and marketing efforts.
- Series A
- Amount Raised: GBP 10,700,000
- Date: September 2020
- Lead Investors: The Future Fund (UK Government), retail investors via Crowdcube
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach. This was the largest crowdfunded Future Fund round in the UK at the time.
- Equity Crowdfunding
- Amount Raised: GBP 894,502
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: GBP 82,208,554 (fully diluted pre-money)
- Motivation Behind the Round: To enhance technology and user experience.
- Equity Crowdfunding
- Amount Raised: GBP 11,500,000
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: GBP 86,000,000
- Motivation Behind the Round: Largest equity crowdfund of the year on Crowdcube; raised to support aggressive growth and product expansion.
- Equity Crowdfunding
- Amount Raised: GBP 6,600,000
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: GBP 127,000,000
- Motivation Behind the Round: To accelerate growth activities across marketing, product and technology.
- Convertible Note
- Amount Raised: GBP 3,561,681
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
- Equity Crowdfunding
- Amount Raised: GBP 4,735,847
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: GBP 167,860,000 (pre-money)
- Motivation Behind the Round: To enhance technology and expand user base following first profitable quarter.
- Equity Crowdfunding
- Amount Raised: GBP 11,201,594 (combined: GBP 6,000,000 from Channel 4 Ventures + GBP 5,201,594 from retail investors via Crowdcube)
- Date: September 2025
- Lead Investors: Channel 4 Ventures
- Valuation at Round: GBP 207,678,600 (post-money)
- Motivation Behind the Round: To fund aggressive growth, TV advertising push, and international expansion. This was Channel 4 Ventures' largest media-for-equity investment to date.
Total Amount Raised: At least GBP 60,226,676 based on disclosed funding. Current Valuation: GBP 207,678,600 (as of September 2025).
Key Investors
- Channel 4 Ventures
- Details: Channel 4 Ventures is the venture capital arm of UK public broadcaster Channel 4, investing via media-for-equity deals. They led Chip's September 2025 round with a £6 million investment — their largest media-for-equity deal to date — providing Chip with advertising inventory across Channel 4's linear and streaming platforms.
- Investment Focus Areas: Media, Technology, Startups
- Notable Investments: Chip, Eve Sleep, Pinterest
- The Future Fund
- Details: The Future Fund is a UK government initiative designed to support innovative companies. They co-invested in Chip's September 2020 Series A round via Crowdcube, in what was the largest crowdfunded Future Fund round in the country at the time.
- Investment Focus Areas: Technology, Innovation, Startups
- Notable Investments: Not publicly disclosed
- Crowdcube
- Details: Crowdcube is a leading equity crowdfunding platform that has facilitated all of Chip's public crowdfunding rounds. Chip has raised over £70 million via Crowdcube, supported by more than 30,000 retail investors, making it one of the most crowdfunded fintechs in Europe.
- Investment Focus Areas: Startups, Technology, Consumer Products
- Notable Investments: Chip, BrewDog, Monzo
What's Next for Chip?
Chip is poised for significant growth, driven by its mission to build the best savings account in the world. With a user base exceeding 400,000 and over £600 million saved to date, the company is well-positioned to expand its market reach and product offerings. The current fundraising round, which has already raised £7 million, aims to fuel aggressive growth and international expansion.
Future fundraising opportunities appear promising, with potential for additional crowdfunding rounds and venture capital involvement. However, Chip may face challenges such as maintaining rapid growth, competing in a crowded fintech market, and ensuring the scalability of its technology. Despite these hurdles, the company's strong community and innovative approach suggest a bright future ahead.
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