Features, Benefits and How it Works
Chip is a UK-based fintech company that offers an automated savings platform designed to help users effortlessly save money. Founded in 2016, Chip leverages technology to simplify the savings process and encourage better financial habits. The core feature of Chip is its AI-powered savings tool, which automatically analyzes users’ spending patterns and transfers small amounts of money into a savings account based on their financial behavior.
Moreover, Chip’s savings platform operates through a mobile app that connects to users’ bank accounts. The app uses algorithms to determine how much users can afford to save without impacting their daily spending. These transfers are made automatically, allowing users to build their savings over time without having to manually set aside funds. The platform also offers features such as goal setting and savings boosts, which help users achieve specific financial targets and increase their savings.
In addition to its automated savings capabilities, Chip provides users with a high-interest savings account, making it easier to grow their funds over time. The company is known for its user-friendly interface and commitment to making saving money a seamless and engaging experience. By combining automation with attractive interest rates, Chip aims to make saving accessible and straightforward for a wide range of users.
Go to Chip
Founded: 2016
Headquarters: London, UK
Users: +500,000 users
Countries available: United Kingdom
Account plans: 2 plan options for personal users
