Chip's series B

An email from Chip: "we are raising a £7 million Series B, valuing the company at £36,786,000 pre-money, and £44,086,000 post-money, representing a 141% increase in valuation in just eight months […] In the last year we’ve;

  • grown accounts to 153,000;
  • processed £139 million;
  • launched Chip 2.0 and the beta of ChipX;
  • quadrupled the size of our team;
  • won a prestigious British Banking Award;
  • welcomed senior management from Funding Circle, Purple Bricks, Barclays and Monzo."

Existing A and B investors can participate in the round to counter share dilution.

Previously: series A


34 posts were merged into an existing topic: Chip’s Series B: crowdfunding round due diligence