London-based Chip is an app that puts money aside automatically for you so that you can save to meet your financial goals without thinking about it. The app is free to download and is compatible with both Android and iOS devices. Chip uses Artificial Intelligence to decide what to save and sends you a notification of how much money you are to put aside and transfers the same automatically to your Chip account. However, it gives you an option to cancel the same.
Largest equity crowdfund during global crisis
Now, Chip has announced its growth opportunity with its investor community as 4240 people have invested £2.6 million for its growth. In collaboration with Crowdcube, the private round crossed its £1 million target within hours. This makes it the largest equity crowdfund to be completed in the UK during the lockdown.