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Chip is your wealth app - giving you one easy place for saving and investing. But what really makes it yours is that we’re genuinely building Chip for you, with you.
Crowdfunding has always been in Chip’s DNA. We have a huge community of 27,000+ shareholders and are one of Europe’s most crowdfunded businesses. They help steer our decisions, give invaluable product feedback and are the champions of our brand.
We’ve taken our deposits from just under £300 million at the start of the year, to over £3 billion today.
We’ve seen revenue increase 922% over the year to more than £10 million, and based on our Q3 results we’re on track to hit annual recurring revenue of more than £20 million.
We now have over 750,000 registered users, and our active user base has more than doubled from 86,000 to 219,000.
This impressive growth resulted in our first full profitable Quarter with EBITDA* of +£524k.
Our year to date EBITDA has also significantly improved from -£11.25 million in 2022 to -£1.95 million in 2023.
*EBITDA stands for Earnings Before Interest Tax Depreciation & Amortisation, and is a commonly used profitability measure.
2024 is going to be a huge year for Chip, but here’s what we’re working on right now.
Highly competitive rates and base rate trackers from a range of established partner banks.
Giving our customers another tax-efficient way to build wealth with highly competitive rates.
Enabling customers to consolidate investments they have elsewhere, and take advantage of our curated fund range.
Giving users a premium and personal wealth management experience.
Allowing faster deposit times, greater interest and returns for all customers.