Chip hires new CTO from 10X Banking

The savings app, which raised a £10m series A round last year, will soon launch a number of new products including an investments platform.

Fintech savings app Chip has appointed Tom Evans as its new Chief Technology Officer.

Evans joins Chip from 10X Banking, the technology group formed by ex-Barclays CEO Anthony Jenkins. Prior to moving into the fintech space, he led engineering teams at Ocado and Amazon.

Evans will lead product and engineering teams with the aim of building and delivering new features, including its soon-to-be-launched Investments Platform and ChipX.

"I’m really looking forward to scaling and shaping the product and engineering teams to meet the challenge of building great new features for our growing user base while focusing on the highest standards of quality and reliability," Evans said,

Chip says its team has tripled and its user base more than doubled in the past year. 

Simon Rabin, Founder and CEO, added: “Chip is not just a business that uses technology for some of its processes - our entire business is our technology. This past year, we've managed to build an incredible engineering team, and now, the time has come to level up and take the next ambitious steps on our journey. This is where Tom comes in. He brings a wealth of experience in building engineering and product quality at Amazon, Ocado Group and Oracle, and I know he will do amazing things at Chip, too.”