Chocolate Finance introduced in the present day the completion of a US$15 million Sequence A+ funding spherical.
The corporate additionally confirmed it has obtained regulatory approval to function in Hong Kong, marking its first anniversary since launching in Singapore.
The funding spherical was led by Nikko Asset Administration, with participation from present buyers Peak XV, Prosus, Saison Capital, and founder Walter de Oude.
The contemporary capital will help the corporate’s growth plans and product improvement throughout the area.
Chocolate Finance, which launched in July 2024, gives a financial savings platform for customers to develop idle money in SGD and USD.
Since its launch, the corporate has delivered roughly S$22.7 million in returns to almost 100,000 customers and reached near S$900 million in property underneath administration as of 20 July.
The corporate can be rolling out a Double Referral Program from 22 July to 31 August 2025, providing enhanced rewards and unique merchandise to have interaction customers and reward referrals.
“We’ve got constructed such a terrific enterprise in Singapore and helped so many individuals get a good return on their money. Now it’s time to speed up worldwide growth, and this new capital permits us to progress in our regional progress aspirations. Securing this newest spherical of funding is a powerful vote of confidence in Chocolate’s imaginative and prescient, our enterprise fundamentals, and the unbelievable group driving it.
It permits us to double down on product innovation, regional growth, and most significantly, persevering with to construct a monetary platform that prioritises simplicity, and simply delivers what it guarantees – a terrific place in your spare money,”
stated Walter de Oude, CEO and Founding father of Chocolate Finance.