Chocolate Finance, a fintech company from Singapore, announced on Thursday that it has raised $15 million in a Series A+ funding round. The company also got official approval to start operating in Hong Kong.
The firm said in a statement that the funding was led by Nikko Asset Management, with strong participation from returning investors Peak XV, Prosus, Saison Capital, as well as founder Walter de Oude.
The company said that this big investment, made during a tough time for raising money, will help them grow carefully while focusing on their customers with every new idea.
Also, getting approval to work in Hong Kong is an important part of their plan to grow in the region. This will let them start serving users in one of Asia’s busiest financial centers very soon.
According to the firm, this expansion reflects its ambition to provide an alternative platform for consumers to grow their idle cash, often left in low-interest accounts, into ‘happy money’.
The firm highlighted that these achievements collectively underscore its 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,” said Walter de Oude, Chief Executive Officer and Founder of Chocolate Finance.
According to him, securing this latest round of funding is a strong vote of confidence in the firm’s vision, its 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 prioritizes simplicity, and just delivers what it promises – a great place for your spare cash,” he added.
As of July 20, the company manages almost S$900 million (about $705 million) in assets.
It has also given back around S$22.7 million (about $17.78 million) in profits to nearly 100,000 users, showing that the platform is doing well and growing its user base.
The return amount is the total money earned by customers from all funds and currencies between July 2024 and June 2025.
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