- The Singapore fintech has closed a $15M Series A+ round led by Nikko AM, backing its Hong Kong expansion.
- With $15M raised and HK approval secured, the fintech targets young, savvy users in Asia's finance hub.
Chocolate Finance, a fintech startup based in Singapore, has revealed that it has successfully closed a $15 million Series A+ funding round. This is a big step forward for the company as it gets ready to expand into Hong Kong.
Returning investors Peak XV, Prosus, Saison Capital, and founder Walter de Oude all made significant contributions to the fundraising, which was spearheaded by Nikko Asset Management.
The investment would enable Chocolate Finance to retain its customer-centric innovation while accelerating regional growth during a period of increased competition in the fintech industry.
Alongside the fundraising, Chocolate Finance has obtained a regulatory license to conduct business in Hong Kong, putting it in a position to support one of the most vibrant financial centres in Asia.
Hong Kong, according to founder Walter van Oude, is a global financial hub full of tech-savvy customers looking for straightforward financial solutions.
“We saw a gap between traditional financial offerings and what people want: simplicity, transparency, and joy in the process. Chocolate was built to fill that gap,” de Oude stated.
Hong Kong operations for Chocolate Finance will be overseen by Timothy Jones, a veteran executive with extensive experience in traditional and digital finance.
Through a focus on consistency and clarity, the startup aims to offer an innovative alternative to traditional savings products, specifically targeted at younger, financially savvy Hong Kong consumers.
Chocolate Finance is poised to execute its mission of converting idle money into happy money in fresh Asian markets following the completion of its Series A+ round and receipt of regulatory approval from Hong Kong.
Edited by Annette George
