Digital savings FinTech Chip has launched the crowdfunding part of its Growth Round.
In Brief:
Its Growth Round first launched on Crowdcube to selected shareholders.
£1mn was raised in under 10 minutes.
Chip currently has over 17,000 investors as one of Europe’s most successfully crowdfunded companies.
What does this mean?
Chip plans to use the funding to fuel growth across product, technology and marketing. It aims to grow internationally and CEO Simon Rabin commented: “I believe there’s nothing stopping us from becoming Europe’s next FinTech unicorn.”
