Singapore Fintech Pushes Into Corporate Cash Management
Singapore fintech Chocolate Finance is expanding beyond its consumer roots with a new cash management offering for businesses, targeting corporate funds that would otherwise sit in low-yield bank accounts.
Chocolate Finance is moving into the corporate market just two years after launching its consumer platform. The Singapore-based fintech is rolling out Chocolate Business, a cash management solution designed to help companies generate returns on surplus liquidity while retaining access to their funds.
The new offering will officially launch at The Business Show Asia 2026 in Singapore on August 26 and 27.
An alternative to bank deposits
Chocolate Business is structured as a Cash Managed Account rather than a corporate bank account or fixed deposit. The company is positioning the product as an alternative for businesses that want to put excess cash to work without locking it away for a fixed period.
«Businesses often earn very little on the cash sitting in their bank accounts, and frankly, the returns can be rubbish. We think we can do better,» said Walter de Oude, founder and CEO of Chocolate Finance.
He argued that companies still need ready access to liquidity for payroll, suppliers and other operating expenses, but should not have to leave that money earning minimal returns.
Chocolate Finance says businesses can currently earn 1.5 percent per annum on their first S$300,000, supported by its Chocolate Top-Up Programme during the qualifying period, and up to 1.5 percent on amounts above that. Returns are subject to market conditions.
No fixed tenure
Unlike fixed deposits, the product has no lock-in period. Businesses can request withdrawals without withdrawal charges or penalties, although the company says withdrawals typically take between one and two business days depending on the amount.
There is also no minimum or maximum deposit requirement. Funds can be transferred into the account through FAST or PayNow, while balances and returns can be tracked through a dedicated Chocolate Business app.
The company says it only earns fees after meeting its target return.
From consumers to businesses
More significant than the individual product launch is Chocolate Finance’s expansion beyond its original consumer franchise.
Since launching two years ago, the company says it has accumulated approximately S$1.6 billion in assets under management and attracted more than 150,000 customers.
With Chocolate Business, the fintech is now targeting corporate liquidity, an area traditionally dominated by banks and their deposit and cash management offerings.
The company cites an industry survey estimating that Singapore SMEs forgo S$800 million in potential interest annually by keeping idle cash in low-yield accounts, while 45 percent of respondents identified liquidity as a priority.
Chocolate Finance is regulated by the Monetary Authority of Singapore and is backed by investors including Peak XV Partners, formerly Sequoia Capital, Prosus, Saison Capital and GFC.
The company cautions that returns can change with market conditions and that investments involve the risk of losing some or all of the invested capital.
