FLIP is a mutualized saving book available online where subscribers can save and invest shared funds remotely. FLIP is designed for friends, neighbours, colleagues or anyone united by common values or projects and wishing to establish a relationship of trust. FLIP has an interest rate increasing according to thresholds reached by the value of investment. This incites people to save together to make the investment pool grow and benefit from higher interest rates. Each member can borrow money from the shared saving book but it has to be accepted by everyone and has to meet some refund terms. As a tontine, FLIP has cycles and the collected funds belong to FLIP until the redistribution of money in proportion to what each member has contributed.
FLIP has been one of the 29 selected among the 134 projects, to be part of a short-lived exhibition at Monnaie de Paris - Quai de Conti about our perspective on money in a fast-growing digital ecosystem.