When was Chip founded?

Chip was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Chip located?

Chip is headquartered in London, United Kingdom.

Which legal entities is Chip associated with?

Chip is associated with CHIP FINANCIAL LTD.

How many employees does Chip have?

As of Jun 30, 2026, the latest employee count at Chip is 251.

Is Chip a funded company?

Chip is a funded company, having raised a total of $121M across 12 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 22, 2016.

How much is Chip worth?

The latest valuation of Chip is $***** as of Sep 15, 2025.

When was the latest funding round of Chip?

Chip's latest funding was a $***** Series D round on Sep 15, 2025, with participation from 1 investor.

What is the annual revenue of Chip?

Annual revenue of Chip is between £10M and £50M as on Dec 31, 2025

Where does Chip rank among its competitors?

Chip ranks 2nd amongst 25 active competitors, of which 11 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Stoa, which secured $2.4M in Jul, 2026.

Who are the top competitors of Chip?

Chip's top competitors include Moneybox, NS&I and WeVat. Among them, Stoa secured the most recent funding round in July, 2026.

Chip - 2026 Company Profile, Team, Funding, Competitors & Financials

Chip is a series D company based in London (United Kingdom), founded in 2016 by Richard Frank, Simon Rabin and Nick Ustinov. It operates as an App-based automated savings platform for individuals. Chip has raised $121M in funding, with a current valuation of $*****. The company has 25 active competitors, including 11 funded and 1 that has exited. Its top competitors include companies like Moneybox, NS&I and WeVat.

Company Details

App-based automated savings platform for individuals. It allows users to connect a bank account and the algorithm automatically analyzes the spending. The small savings are then automatically transferred to the chip's savings account. The saved money can then be transferred back to the bank account. The app is available on Android and iOS platforms.

Website: getchip.uk
Social
Email ID: *****@GetChip.uk

Key Metrics

Founded Year

2016

Location

London, United Kingdom

Stage

Series D

Total Funding

$121M in 12 rounds

Latest Funding Round

Series D, Sep 15, 2025, $*****

Post Money Valuation

$***** as on Sep 15, 2025

Investors

Messebauer & 40 more

Ranked

2^nd among 25 active competitors

Annual Revenue

£10M - £50M as on Dec 31, 2025

Employee Count

251 as on Jun 30, 2026

Similar Companies

Trade Republic & 534 more

View Chip's full profile

Chip is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
CHIP FINANCIAL LTD CIN: 10113174 , United Kingdom, Active		£10M - £50M (As on Dec 31, 2025)	119 (As on Jan 31, 2022)

Chip has raised a total funding of $121M over 12 rounds. Its first funding round was on Dec 22, 2016. Its latest funding round was a Series D round on Sep 15, 2025 for $*****. 1 investor participated in its latest round. Chip has 12 institutional investors and 29 angel investors.

Here is the list of recent funding rounds of Chip:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 15, 2025	6257633	Series D	7620591	8890258	9239650	7421795
Dec 05, 2023	4191247	Series C	8523572	1852635	6912697	7829837
Mar 17, 2022	4291419	Series B	1651933	1468267	1146478	9261552

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View details of Chip's funding rounds and investors

The founders of Chip are Richard Frank, Simon Rabin and Nick Ustinov. Simon Rabin is the CEO of Chip.

Here are the details of Chip's key team members:

Richard Frank: Co-Founder of Chip and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Simon Rabin: Co-Founder & CEO of Chip. They serve on the board of 1 company.
Contact Info: 1 email address
Nick Ustinov: Former Co-Founder of Chip and founder of 2 other companies, Lokalise and Roamer.
Contact Info: 1 email address

Chip's Board of Directors

Chip's board has 2 active members. Richard Frank and Simon Rabin are part of team.

Here is the list of Chip's board of directors:

Name	Type	Representing	Status	Duration
Richard Frank	Team	-	Current	8y 4m
Simon Rabin	Team	-	Current	10y 5m

View details of Chip's Founder profiles and Board Members

Chip's employee count trend

Chip has 251 employees as of Jun 26. Here is Chip's employee count trend over the years:

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Top competitors of Chip include Moneybox, NS&I and WeVat. Here is the list of Top 10 competitors of Chip, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Moneybox 2015, London (United Kingdom), Series D	App based platform for users to save, invest, buy a home, and plan for retirement	$124M	Eight Roads Ventures, Fidelity Investments ... & 35 others	76/100
2nd	Chip 2016, London (United Kingdom), Series D	App-based automated savings platform for individuals	$121M	Messebauer, Channel 4 Ventures & 39 others	58/100
3rd	NS&I 1861, London (United Kingdom), Unfunded	Online financial advisory and savings platform for individuals	-	-	52/100
4th	WeVat 2016, London (United Kingdom), Series A	Online platform for tax refunds	$4.47M	Sweet Capital, Firstminute Capital & 11 others	50/100
5th	MONY Group 2007, Deeside (United Kingdom), Public	Digital saving platform	-	-	48/100
6th	Stoa 2022, London (United Kingdom), Seed	Platform providing perks, discounts, and rewards on deposits and subscriptions	$2.4M	Ingenii Capital, Bespoke & 3 others	41/100
7th	Bloom 2021, London (United Kingdom), Seed	Saving platform to build generational wealth for migrant communities	$3.29M	Zinal Growth, Octopus Ventures & 7 others	40/100
8th	Communion Saves 2022, London (United Kingdom), Seed	Saving platform for individuals	$3.18M	Target Global, A Poke in the Eye & 6 others	32/100
9th	Insignis Cash 2015, Cambridge (United Kingdom), Unfunded	Provider of a cash management platform for diverse clients	-	-	32/100
10th	Peculi 2014, United Kingdom, Funding Raised	App-based savings platform for individuals	-	PPI Tech Investments	23/100