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 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 Chocolate founder and CEO Walter de Oude.
Miles Reward Saga
Earlier this year, Chocolate was in the headlines after suffering significant withdrawals when customers responded negatively to a decision to suddenly disable a miles reward system due to excessive usage or what de Oude called «gaming» of the program. He would later admit that the firm had made a mistake in not effectively communicating the move.
Founded in 2022, Chocolate Finance is a Singapore-headquartered fintech firm that offers cash management savings and payment
solutions. As of 20 July 2025, it had assets under management of nearly S$900 million ($703 million).
