To support regional expansion, Singapore’s Chocolate Finance raised $15 M in Series A+ funding
A $15 million Series A+ funding round was successfully closed by Singapore-based fintech company Chocolate Finance on Thursday, and the company also received regulatory approval to operate in Hong Kong.
Nikko Asset Management spearheaded the funding, according to a statement from the company, with founder Walter de Oude and returning investors Peak XV, Prosus, and Saison Capital all playing a significant role.
The company will be able to grow responsibly with customers at the center of every innovation thanks to this significant financial investment, which was made during a period of intense competition in the capital markets.
The company’s regulatory approval to operate in Hong Kong, meanwhile, represents a significant milestone in its regional growth strategy and will soon allow it to provide services to customers in one of Asia’s most vibrant financial centers.
The company claims that this expansion is a reflection of its goal to give customers a different way to build “happy money” out of their idle funds, which are frequently kept in low-interest accounts.
Together, these accomplishments, the company emphasized, highlight its creative product offering, steady market expansion, strong business plan, and steadfast dedication to providing users with an improved way to save SGD and USD.
“We have built such a great business in Singapore and helped so many people get a decent return on their cash,
“Now it’s time to accelerate international expansion, and this new capital allows us to progress in our regional growth aspirations,” said Walter de Oude, Chief Executive Officer and Founder of Chocolate Finance.
Securing this most recent round of funding, in his opinion, is a powerful testament to the firm’s vision, core business principles, and outstanding team.
“It allows us to double down on product innovation, regional expansion, and most importantly, continuing to build a financial platform that prioritizes simplicity, and just delivers what it promises – a great place for your spare cash,” he added.
The company’s asset under management (AUM) was close to S$900 million ($705 million) as of July 20.
Nearly 100,000 users have received returns from the company totalling about S$22.7 million ($17.78 million), highlighting the platform’s robust functionality and expanding user base.
The stated return is the sum of all returns that customers received from July 2024 to June 2025 across all funds and currencies.
