--- title: "Chip Financial Group LTD · Authorised Payment Institution (FCA) · United Kingdom | Elucidate" description: "Chip Financial Group LTD is authorised by FCA as an authorised payment institution in the United Kingdom. Licence 911255. LEI 875500SAY7YLU7J6TX16. Register status, licences, activities and ownership." url: https://elucidate.co/directory/chip-financial-group-ltd-11f2af779426 --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. Chip Financial Group LTD United Kingdom · Payments & e-money # Chip Financial Group LTD Trading as GetChip · Chip Chip Financial Group Ltd is a private limited company registered in England and Wales, with its head office in London. The FCA authorises it as an authorised payment institution under the Payment Services Regulations 2017 (FRN 911255). It trades as Chip and runs a savings and investment app for UK consumers. The savings accounts in the app are provided by ClearBank Limited. The investment accounts and personal pension are offered by its subsidiary Chip Financial Wealth Ltd. No single shareholder controls the firm, and its equity is held largely by crowdfunding investors through nominee companies. It was named Chip Financial Ltd until 29 May 2026. Register status Licensed in the United Kingdom Authorised Payment Institution · FCA Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/chip-financial-group-ltd-11f2af779426#licences) BIC **No BIC** LEI **[875500SAY7YLU7J6TX16](https://search.gleif.org/#/record/875500SAY7YLU7J6TX16)** [Licence no. **911255**](https://elucidate.co/directory/chip-financial-group-ltd-11f2af779426#licences) ## Licences and registrations Held by Chip Financial Group LTD (LEI 875500SAY7YLU7J6TX16). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [FCA Financial Services Register - Payment Institutions & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA | Authorised Payment InstitutionPayment Institution | 911255 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2020-03-13 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) | Trading names on the register: GetChip (FCA-PSD), Chip (FCA-PSD) - Each licence applies in the country of the regulator that granted it. - Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/chip-financial-group-ltd-11f2af779426#overview-sources) Customers 402,000 active customers · Group · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/filing-history/MzU0MTM2NDIxNGFkaXF6a2N4/document?format=pdf&download=0) Employees 197 headcount · Group · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/filing-history/MzU0MTM2NDIxNGFkaXF6a2N4/document?format=pdf&download=0) Ownership Venture-backed Firm type Other Trades as Chip - **Standing:** The firm changed its name from Chip Financial Ltd to Chip Financial Group Ltd on 29 May 2026. Some of its help pages and app-store listings still use the former name. - **Ownership:** No single shareholder controls the firm. At 31 December 2025, Crowdcube Nominees Limited held 32.19% and Chip Financial Nominees Limited 27.44% on a fully diluted basis, and co-founder Simon Rabin held 12.22%. - **Major shareholders:** Crowdcube Nominees Limited (nominee for crowdfunding investors) 32.19% · 31 Dec 2025 Chip Financial Nominees Limited (nominee) 27.44% · 31 Dec 2025 - **Head office:** Sixth Floor, Fora Montacute Yards, 186 Shoreditch High Street, E1 6HU London, United Kingdom - **Company register:** Companies House 10113174 - **Incorporated:** 8 Apr 2016 - **Founders:** Simon Rabin · Alex Latham - **Former name:** CHIP FINANCIAL LTD ### Online - **Websites & references:** [getchip.uk ↗](https://www.getchip.uk/) [help.getchip.uk ↗](https://help.getchip.uk/) help centre [community.getchip.uk ↗](https://community.getchip.uk/) customer community site - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/get-chip/mycompany/) · [Instagram ↗](https://www.instagram.com/get_chip/) · [YouTube ↗](https://www.youtube.com/@get_chip) · [TikTok ↗](https://www.tiktok.com/@get_chip) Sources · 10 pages consulted 1. [register.fca.org.uk/s/firm?id=0010X00004VrUlpQAF](https://register.fca.org.uk/s/firm?id=0010X00004VrUlpQAF) 2. [find-and-update.company-information.service.gov.uk/company/10113174](https://find-and-update.company-information.service.gov.uk/company/10113174) 3. [find-and-update.company-information.service.gov.uk/company/10113174/officers](https://find-and-update.company-information.service.gov.uk/company/10113174/officers) 4. [find-and-update.company-information.service.gov.uk/company/10113174/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/10113174/persons-with-significant-control) 5. [find-and-update.company-information.service.gov.uk/company/10113174/filing-history](https://find-and-update.company-information.service.gov.uk/company/10113174/filing-history) 6. [find-and-update.company-information.service.gov.uk/company/10113174/filing-history/MzU0MTM2NDIxNGFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/10113174/filing-history/MzU0MTM2NDIxNGFkaXF6a2N4/document?format=pdf&download=0) 7. [getchip.uk](https://www.getchip.uk/) 8. [getchip.uk/how-we-protect-your-money](https://www.getchip.uk/how-we-protect-your-money) 9. [getchip.uk/legal/policies-important-documents](https://www.getchip.uk/legal/policies-important-documents) 10. [getchip.uk/news-room/wealth-app-chip-secures-fresh-round-from-channel-4-ventures-alongside-9-000-ret](https://getchip.uk/news-room/wealth-app-chip-secures-fresh-round-from-channel-4-ventures-alongside-9-000-retail-investors-ahead-of-tv-advertising-push) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/chip-financial-group-ltd-11f2af779426#overview-sources) - **Operates under:** Several models - **Licensed firm it operates under:** ClearBank Limited, United Kingdom Account provider for the Chip Instant Access, Easy Access, Prize Savings and Cash ISA accounts The FCA authorises the firm as an authorised payment institution under the Payment Services Regulations 2017 (FRN 911255). ClearBank Limited, a UK bank, provides the savings accounts in customers' names. Subsidiary Chip Financial Wealth Ltd (FRN 1005114) provides the investment and pension products. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Financial Conduct Authority United Kingdom | Authorised Payment Institution | 911255 | In its own name | Active | [register.fca.org.uk ↗](https://register.fca.org.uk/s/firm?id=0010X00004VrUlpQAF) | Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/chip-financial-group-ltd-11f2af779426#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that customer money in pending or processing transactions is held in a safeguarded account at ClearBank, separate from its own funds, and that savings deposits are held by ClearBank in customers' own names. [getchip.uk ↗](https://www.getchip.uk/how-we-protect-your-money) - **Deposit-holding bank · Safeguarding bank:** ClearBank Limited United Kingdom [getchip.uk ↗](https://www.getchip.uk/how-we-protect-your-money) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/chip-financial-group-ltd-11f2af779426#overview-sources) Through a mobile app, the firm offers ClearBank-provided savings accounts to UK consumers aged 18 and over: instant access, easy access, cash ISA and a prize savings account. Customers can also reach investment accounts and a personal pension offered by its subsidiary. The firm serves UK tax residents aged 18 and over, and only through its app. - **Revenue:** GBP 29.8mGroup · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/filing-history/MzU0MTM2NDIxNGFkaXF6a2N4/document?format=pdf&download=0) - **Sells to:** Consumers - **Serves customers in:** United Kingdom - **Latest funding round:** Equity round (Channel 4 Ventures and Crowdcube crowdfund) · GBP 17m Jan 2026 Led by Channel 4 Ventures [getchip.uk ↗](https://getchip.uk/news-room/wealth-app-chip-secures-fresh-round-from-channel-4-ventures-alongside-9-000-retail-investors-ahead-of-tv-advertising-push) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/chip-financial-group-ltd-11f2af779426#overview-sources) - **Chief executive:** Simon Rabin Co-founder, Executive Director and CEO Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/officers) - **Chair:** Adam Seale Independent Non-executive Director and Chair Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/officers) - **Executive:** Sharon Miles Chief Operating Officer and Executive Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/officers) - **Founder:** Alex Latham Co-founder, Executive Director and CMO Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/officers) - **Executive:** Laurence Krieger Non-executive Director, Chair of the Board Risk and Compliance Committee Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/officers) - **Executive:** Emma Mohan CRO (Executive Committee member) Confirmed 30 Jul 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/filing-history/MzU0MTM2NDIxNGFkaXF6a2N4/document?format=pdf&download=0) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/chip-financial-group-ltd-11f2af779426#overview-sources) 1. May 2026 Other The firm changed its registered name from Chip Financial Ltd to Chip Financial Group Ltd on 29 May 2026. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174) 2. Mar 2026 Leadership The firm appointed Chief Operating Officer Sharon Miles to its board as an executive director on 18 March 2026. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/officers) 3. Jan 2026 Funding The firm announced a GBP 17 million round led by Channel 4 Ventures, including GBP 11 million from over 9,000 Crowdcube investors. [getchip.uk ↗](https://getchip.uk/news-room/wealth-app-chip-secures-fresh-round-from-channel-4-ventures-alongside-9-000-retail-investors-ahead-of-tv-advertising-push) 4. Nov 2025 Leadership Sharon Miles rejoined the firm as Chief Operating Officer. She had previously been its COO from 2019 to 2023. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/filing-history/MzU0MTM2NDIxNGFkaXF6a2N4/document?format=pdf&download=0) 5. Jan 2025 Leadership The firm appointed Laurence Krieger as a non-executive director on 21 January 2025. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/officers) 6. Jan 2024 Leadership The firm appointed Adam Seale as independent non-executive director and Chair on 2 January 2024. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10113174/officers) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source. ## Identifiers - **Licence no. · FCA-PSD:** 911255 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [875500SAY7YLU7J6TX16 ↗](https://search.gleif.org/#/record/875500SAY7YLU7J6TX16) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** 11f2af779426 ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Payment services - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · Europe & Central Asia - **First registered:** 2020-03-13 - **Website:** [www.getchip.uk ↗](https://www.getchip.uk/) Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. ## Ownership and group GLEIF relationship records GLEIF’s relationship records name no parent for this LEI, and no group page is published for it. ## Addresses - **Address on the register:** Sixth Floor, Fora Montacute Yards, 186 Shoreditch High Street, London, E1 6HU - **Country:** United Kingdom ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in two address lines ```xml 875500SAY7YLU7J6TX16 CHIP FINANCIAL GROUP LTD E1 6HU London GB Sixth Floor, Fora Montacute Yards 186 Shoreditch High Street ``` CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Related institutions ### Other payments & e-money institutions in the United Kingdom - [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l) - [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725) - [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392) - [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l) - [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22) - [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896) - [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5) - [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb) [See all →](https://elucidate.co/directory/search?type=payments&cc=GB) [Other entries on FCA-PSD →](https://elucidate.co/directory/register/fca-psd) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Register for this page - **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.