Chip, an award-winning savings app, has announced the appointment of Tom Evans as their new Chief Technology Officer. As CTO, Tom will lead product and engineering teams with the aim of building and delivering new features, including the upcoming Investments Platform and the hotly anticipated ChipX.

Tom, who joins from 10X Banking, brings over 24 years of experience in software development and engineering. Prior to moving into the fintech space, he led engineering teams at Ocado and Amazon.

He commented: “I’m very excited to join Chip. They are building an amazing app that is delivering real benefits to our customers. 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. Chip has a great future ahead as it enables its customers to continue to build savings, and I’m thrilled to be a part of that journey."

Chip has been seeing astronomical growth - both internally and externally - as the size of the fintech's team tripled and its user base more than doubled in the past year. The company plans on introducing a number of new wealth-building features in 2021, including Investments and ChipX, scheduled for spring this year. Both the engineering and the product teams, headed up by Tom, will play an integral role in bringing these features to the ever-growing customer base.

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.”