Chocolate Finance Secures US$15M in Fresh Funding After 'Unusually High' Withdrawals Wipe Out Nearly 40% of Its Assets

Chocolate Finance secures US$15M in fresh funding after 'unusually high' withdrawals wipe out nearly 40% of its assets

SINGAPORE: Chocolate Finance has secured US$15 million (S$19.20 million) in fresh funding, four months after ‘unusually high’ customer withdrawals wiped out nearly 40% of its assets under management. The fintech company made the announcement on Thursday (July 24), saying the funds came from Nikko Asset Management, as well as returning investors Peak XV (formerly Sequoia […]

Chocolate Finance to Launch Hong Kong Operations

Singapore-based fintech firm Chocolate Finance will expand its business with the upcoming launch of its Hong Kong operations. Chocolate Finance has obtained regulatory approval to operate in Hong Kong, according to a statement. Its launch will be backed by new capital after the close of a $15 million funding round led by Nikko Asset Management and participation from returning investors including Peak XV, Prosus and Saison Capital. «We have built…