UK-based savings app provider Chip has appointed Tom Evans as its new chief technology officer.
In this role, Evans will lead product and engineering teams with the aim of building and delivering new features, including Investments and ‘returns’ marketplace ChipX, which will offer products of differing risk levels to help users build their savings.
Evans, who joins from 10X Banking, brings more than 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 significant growth as the size of the fintech company’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 Evans, will play an integral role in bringing these features to its customer base.
Simon Rabin, founder and chief executive officer of Chip, 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.”