Nikko Asset Management leads, Saison Capital participates in Chocolate Finance's Series A+
Celebrating its one-year anniversary, Chocolate Finance announced two significant milestones: the successful close of a USD 15 million Series A+ funding round as well as attaining regulatory approval to operate in Hong Kong. These achievements collectively underscore Chocolate Finance's innovative product proposition, continuing market growth, robust business model, and unwavering commitment to empowering users with an enhanced solution for SGD and USD spare cash savings.
“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. Securing this latest round of funding is a strong vote of confidence in Chocolate’s vision, our business fundamentals, and the incredible team driving it. It allows us to double down on product innovation, regional expansion, and most importantly, continuing to build a financial platform that prioritises simplicity, and just delivers what it promises - a great place for your spare cash,” said Walter de Oude, CEO and Founder of Chocolate Finance.
Chocolate Finance successfully closed its Series A+ funding round, raising USD 15 million, led by Nikko Asset Management, with strong participation from returning investors Peak XV, Prosus, Saison Capital, as well as founder Walter de Oude. This substantial financial investment, secured at a time when capital markets are highly competitive, will enable Chocolate Finance to scale responsibly while keeping customers at the core of every innovation.
Chocolate Finance also recently attained its regulatory approval to operate in Hong Kong. This significant regulatory approval marks a critical step in Chocolate Finance’s regional growth strategy, enabling the company to soon serve users in one of Asia’s most dynamic financial hubs. This expansion reflects their ambition to provide an alternative platform for consumers to grow their idle cash, often left in low interest accounts, into ‘happy money’.
Chocolate Finance also celebrates their one-year anniversary since launching in Singapore in July 2024. Over the past year, they have achieved several milestones including:
- As of 20th July, they have achieved almost S$900 Million AUM
- Delivered approximately S$22.7 million in ‘happy’ returns to almost 100,000 users, underscoring the platform’s strong performance and growing community. The stated S$22.7 million return is the total of all returns earned across all funds and currencies by customers from July 2024 to June 2025.
In celebration and appreciation of its loyal users, Chocolate Finance will launch a limited-time Double Referral Program from 22nd July to 31st August 2025, offering enhanced rewards and exclusive limited-edition merchandise, as it continues to build deeper, more meaningful engagement with its community. Customers can refer to the Chocolate app for full details.
Norbert Gehrke
