I've switched to Chip from Plum because of the interest offered on savings, plus Chip is a little more transparent about how the algorithm works. That combined with ICO registration and more info on data security really sold it to me. Waiting to see my first savings go out tomorrow.
Hi Guys, Chip is an iOS & Android app that comes in the form of a bot. You connect the app to your bank account with read-only access and tracks your spending. From there, using AI, it uses the data to calculate what you can afford to save without having an impact on your day-to-day life, and automatically saves it for you via Direct Debit. It learns how you spend and saves money only when you can afford it. You can withdraw any time, save more any time, save less any time… etc. etc.
@_appsguru Hi man, thanks! We’re still working on monetization model- right now we’re just getting product as great as possible and getting people using it. Going to be doing some pretty crazy promotion next week.