Chippit is a social money app that empowers people to reach their money goals faster, by saving and borrowing INTEREST FREE with trusted friends and family. What’s often difficult and time-consuming to achieve alone, is simpler with Chippit. Paying for tuition, buying a car, putting down a deposit on a home, or traveling to see family overseas — saving together means achieving these goals faster.
Hit savings goals faster
Invite trusted friends and family in the app.
Establish savings plan based on goals (ie. amount, weekly/fortnightly/monthly).
Save as a group and hit those savings goals or cover unexpected expenses.
Access money early INTEREST FREE
Many groups will set up a rotating collection order for a cash advance on savings.
Members take turns in receiving funds from the saving pool at the agreed time (ie. monthly).
This allows one member to receive a cash advance interest free each round.
Your savings will not be decreased overall and the member order rotates each round so that everyone will receive the benefit of being able to borrow interest fee.
People have been using offline social savings circles to save and access borrow interest free for centuries and they have many different names:
Chit in India
Hui in Southeast Asia
Paluwagan in the Philipines
Arisan in Indonesia
Pia Huey in Thailand
Gamias/Game’ya in the Middle East
Mujin in Japan
Cheetu in Sri Lanka
Susu in West Africa
Tanda in Latin America
Just to name a few! Chippit provides an easy to use social money app that allow you to save and spend with your crew.
Below are just a few reasons users multiply the power of their money with Chippit.
Establish a socially accountable savings plan
Pay off debt
House Deposit
Borrowing without interest based personal or religious bias
Group payments
Saving for a holiday with family or mates
Big ticket items such as car purchase
Tuition payments
Permanent residency application fees
Saving for sending money to support relatives overseas
Download the app today, invite your friends and multiply the power of your money with Chippit!
