Chip, a personal finance management (PFM) app, has more than trebled its target on Crowdcube.
In Brief:
The business aimed to raise £1mn through the crowdfunding platform.
Within 24 hours it had already raised £3mn from 2729 investors.
It’s now raised over £3.4mn.
What does this mean?
Shares at this crowdfund were offered at a 30% discount and investors have been issued convertible shares. It already raised £11.5mn on the platform last year, and hopes to surpass this with the current round – which should not only raise capital but make some of its 500,000+ users feel more involved in the Chip community.
