Chip savings in action
Savings app Chip gets FCA authorisation
The London-based fintech says it has helped customers save over £100m since launching in 2017.
The news comes just after several new features were launched to accommodate Chip’s growing number of customers.
As a result of the current economic downturn caused by the coronavirus, the savings app has also introduced “contingency plans to keep operating no matter what happens in the coming months.”
“Now more than ever, we need to be agile and innovative in order to meet this demand - and this will enable us to do exactly that.”
The fintech said the next step is to now work towards an FSCS protected savings account through its banking partners.