June 24, 2021

ChipX is live!

After two years in the making, it’s finally here.

I’m delighted to finally announce the launch of ChipX. It has been a long time coming, we know, we’ve worked to bring you something that will really help you level up your savings and get serious about your money, without needing to put in serious effort. 

Our goal is to change how you look at your money forever.

Investing & building wealth can seem intimidating, there's a perception that you need to be rich, or have years of experience before you can start investing your money successfully. We believe investing your savings is something we should all consider doing for the long-term, by which we mean at least 5-10 years.

Investing, whilst carrying an element of risk, is a powerful tool to grow your money over the long-term. Everyone, absolutely everyone, should feel empowered to put their money to work. We believe that investing should not just be for the elite, an exclusive world dominated by stiff suit wearing wealth managers or macho crypto-trading “know-it-alls”. 

Sensible investing for the long-term should not be about individual stock picking, active day trading, or a get-rich-quick individual crypto coins. 

With ChipX, we’re bringing you funds that typically invest your money across thousands of different stocks, shares, government and corporate bonds. Yes of course investors' capital is still at risk, but we’re aiming to offer funds that try to deliver returns over the long term without the need for you to do anything.

Chip’s success to date has been built on our autosave tools and enabling our user base/members to save hundreds of millions of pounds, without noticing the impact on their day to day spending. ChipX is looking to bring that same simplicity and allow users to invest  passively  with the aim of earning returns and building wealth over the long term.

Our goal is to democratise the world of investing and make investing as simple as we’ve made saving.

To achieve this, we’ve chosen to offer BlackRock investment funds through the platform, which aims to give our users an instant portfolio with one investment. Now anyone saving with Chip can invest their money with BlackRock, being the biggest investment manager in the world, looking after more than $9 trillion of the world's assets (read more on BlackRock here). 

BlackRock’s investment funds typically spread your money across a wide range of assets (for example, the “Expert Managed Adventurous Fund” invests in more than 1,000 assets), which means you're not buying one stock in one company. 

With ChipX, you can put your money in a fund actively managed by BlackRock’s experts, or choose from a range of funds around a theme, like healthcare innovation, emerging markets or clean energy.

ChipX also offers access to a tax-efficient Stocks & Shares ISA, where you won't need to pay any tax on any returns your investments earn (provided you're eligible). Read more about ISAs here. 

We are excited to have you along for the journey as we continue with our goal to build the best savings and investments app in the world. 

Remember, with investing, your capital is at risk (read more on risk here).

You’re the best


Chip COO

With investing, your capital is at risk.

Past performance does not indicate current or future performance, and should not be the only thing you consider when selecting a fund. The value of your investments can go down as well as up and you may get back less than your original investment.

When investing your capital is at risk

Remember your Capital is at Risk and past performance is not a reliable guide to future returns. The value of your investment can go down as well as up and you might get back less than you originally invested.

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