I was quite a fan of Chip v1 - it worked, in that you could find you’d saved a fair bit without really noticing. I invested a little in one of its earlier rounds. I think Chip v2 adds “putting your saved money to work in p2p lending”, which is interesting.
The problem I had with v2 was that the basics felt pretty broken. Small things like the app falling over, the notifications seeming to go missing etc. And big things like your saved balance having to be corrected downward (several times) after they erroneously told savers they’d saved higher amounts. And your saved balance not being available to withdraw, which felt alarming. Those are the basics for a saving app, and they should not be getting them wrong.
I hope that was just an temporary problem with v2, and that it is all fixed perfectly now. But it left me feeling like Chip’s competence with product is way behind its competence at raising money, and I have stopped using it. I do hope they do really well, though I’m not investing further in this current round.