Content Manager
October 1, 2021

What does it mean to be a Chip investor?

Beyond the percentages, big numbers, and returns, why do you invest in a business?

It’s more than the potential to make a bit of coin down the track, your decision to invest often reflects your beliefs. 

So, if you decide to invest in Chip, you’re not only investing in us, you’re investing in the future of savings. 

In the last twelve months, we’ve smashed our revenue targets, launched our returns engine ChipX and brought you the market's best interest rate.

So, we’re excited, ecstatic even, to be able to open up our investor community to allow us to continue to grow while bringing you along for the journey building the best savings account in the world. 

We’re community powered and our investors help us every step of the way. From shaping what we build, to designing the app. We have one of the biggest investor communities in Europe and this is your chance to join us.

Why invest in Chip? 

Our ethos is to empower everyone to save and get the best returns; whether you have a few quid or millions in the bank.

We believe, very passionately, that everyone possesses the ability to save, and Chip’s 400,000 downloads is pretty compelling proof that something’s working. 

Unlike traditional banking, we believe saving should be accessible for everyday people and market leading returns shouldn’t be an invite-only party, so we're shaking up a market that is ripe for disruption. 

To hear how we’ve made a difference, check out our top saver stories, sharing the tales of savers who used Chip to fund their weddings, holidays, festival tickets, tattoos, gotten out of overdraft, funded their kids' school supplies during lockdown, and kept themselves afloat just before payday. 

And we think that’s something worth believing in. 

We're growing. Fast. 

As a business, Chip is growing fast, in a high growth sector. We’ve;

  • Increased our user base by 60% to 400,000
  • Saved over £600 million 
  • Doubled the size of our team
  • Seen a 548% increase in customer balances

What we’ve achieved in 2021

A lot, actually. 

We've launched ChipX and investment funds, enabling our users to put their savings to work with, the world’s largest asset manager, BlackRock; negotiated the best easy-access savings rate, and we’re set up to keep negotiating with banks to keep bringing our users the best rates, and said goodbye to e-wallets and brought FSCS eligible accounts to Chip.

But look, there’s too much to say here, so just in case you’ve missed it, we recently published our full roadmap that goes into considerable detail, you can find it here:

What we’re going to do with this round

Here’s that fintech unicorn dream again... Globally there are trillions sitting in regular saving accounts, and we want to do something about it. We've had an excellent year, but what's next for Chip?

Our previous rounds helped us build Chip, scale our team, and develop a business model that we can now take to the world, so this round is all about growth. 

We want to take Chip to more people, in more markets both in the UK and further afield. We want to see Chip everywhere. So, next we're:

More funds and returns products
Enabling our users to put their savings to work with, the world’s largest asset manager, BlackRock.

More market leading savings rates
We’ve got table-topping notice accounts, fixed term deposits and more in the pipeline.

Expansion & growth
With our customer deposits growing and our core product complete, it’s time to bring in more users!

Your role as an investor

As an investor in Chip you'll own a small chunk of the company. We'll invite you to exclusive events, Q&As with our leadership team, and send you quarterly reports of our performance.

You can also enjoy a direct line with the team at ChipHQ through the investor area of the forum and our investor Facebook group. 

To get better acquainted with all the need-to-know terms to get you started, check out our investment jargon buster blog.

Can anyone be an investor?

We think so, but only if you can afford to do so.

You shouldn't invest if you think you’ll need the money back any time soon, as you will only be able to sell your shares and get the return of your investment once Chip 'exits'. This is when we either float on the stock market (IPO), or are sold, and are likely a few years away. 

Please remember, your capital is at risk

At Chip we believe that investing should be for everyone. But equity investing is not without its risks.  

Investing in this convertible or investing in any start-up is high risk. It’s not the same as having your money in a savings account.

Your investment could be locked in for a long time, as you don’t get a return until we exit (i.e. we’re bought, or go to market in an IPO). So don’t invest any money that you might need suddenly in an emergency.

Most importantly, your capital is at risk when you invest, and remember, past performance is not a reliable guide to future performance. 

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.

Join over 400k users today, help us build the best savings account in world.

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Get Chip today.