Chocolate - About the company
Chocolate is a series A company based in Singapore (Singapore), founded in 2021 by Walter De Oude. It operates as a Provider of asset management services for individual cash investment accounts. Chocolate has raised $34M in funding from Nikko Asset Management. The company has 76 active competitors, including 3 funded and 5 that have exited. Its top competitors include companies like GE Capital, Greensill and Credlix.
Company Details
Provider of asset management services for individual cash investment accounts. This entity manages portfolios of funds to generate returns on deposited capital. It facilitates the movement of funds through digital interfaces and provides payment cards for transactions. The business model involves investing client capital into selected financial instruments while offering mechanisms to support performance during specific periods. It operates as a regulated fund manager, maintaining custody of assets through third-party institutions to ensure segregation of funds. Users access these services through mobile applications to monitor account activity and manage liquidity.
- Website
- www.chocolatefinance.com/
- Registered Address
- GEORGE STREET, Singapore, 49145
Key Metrics
Founded Year
2021
Location
Singapore, Singapore
Stage
Series A
Total Funding
$34M in 2 rounds
Latest Funding Round
Investors
Ranked
3rd among 76 active competitors
Employee Count
72 as on Aug 31, 2026
Legal entities associated with Chocolate
Chocolate is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
CHOCFIN PTE. LTD. UEN: 202347190R , Singapore, Active | Nov 30, 2023 | - | - | |
CHOCOLATE PTE. LTD. UEN: 202126067Z , Singapore, Active | Jul 27, 2021 | - | - |
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Chocolate's funding and investors
Chocolate has raised a total funding of $34M over 2 rounds. Its first funding round was on Aug 25, 2022. Its latest funding round was a Series A round on Jul 24, 2025 for $*****. 4 investors participated in its latest round. Chocolate has 10 institutional investors.
Here is the list of recent funding rounds of Chocolate:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 24, 2025 | 1851057 | Series A | 2117895 | 3061652 | 9570943 | 4975040 |
Aug 25, 2022 | 9550936 | Series A | 3790961 | 5183710 | 3657440 |
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Chocolate's founders and board of directors
Founder? Claim ProfileThe founders of Chocolate is Walter De Oude. Walter De Oude is the CEO of Chocolate.
Here are the details of Chocolate's key team members:
- Walter De Oude: Founder & CEO of Chocolate.
Chocolate's Board of Directors
Chocolate's board has 2 active members. Artur Luhaaeaer and Walter Mark De Oude are part of team.Here is the list of Chocolate's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 11m | |
{frrzlz | Team | - | Current | 3y 7m |
paghmti | Independent board member | - | Past | 6y 3m |
View details of Chocolate's Founder profiles and Board Members
Chocolate's employee count trend
Chocolate has 72 employees as of Aug 26. Here is Chocolate's employee count trend over the years:
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Chocolate's Competitors and alternates
Top competitors of Chocolate include GE Capital, Greensill and Credlix. Here is the list of Top 10 competitors of Chocolate, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | GE Capital 1932, Norwalk (United States), Public | Provides commercial aircraft leasing and lending services | - | 61/100 | |
2nd | Greensill 2011, London (United Kingdom), Series E | Provider of working capital loans | $1.7B | 61/100 | |
3rd | Provider of asset management services for individual cash investment accounts | $34M | 49/100 | ||
4th | Provider of supply chain finance solutions, including invoice and PO financing | - | 47/100 | ||
5th |  Saison International 2014, Singapore (Singapore), Unfunded | Provider of consumer and SME loans | - | - | 44/100 |
6th | App-based platform for cash withdrawal | $12.4M | 43/100 | ||
7th |  Hong Leong Finance 1961, Singapore (Singapore), Public | Provider of personal and business loans | - | - | 43/100 |
8th |  OrionCapital Asia 2012, Singapore (Singapore), Unfunded | Provider of diversified SME loan services | - | - | 41/100 |
9th | Ascertis Credit 2011, Singapore (Singapore), Unfunded | Provider of capital solutions and alternative finance to Asian corporates | - | - | 39/100 |
10th | _1577699167028.png?devicePixelRatio=2&height=30&width=30){kind=logo} KJMC Finserv Group 1988, Mumbai (India), Public | Corporate advisory firm | - | - | 37/100 |
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Chocolate's Investments and acquisitions
Chocolate has made no investments or acquisitions yet.
News related to Chocolate
Filter this listMedia has covered Chocolate for a total of 3 events in the last 1 year, 3 of them have been about company updates.
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Nikko Asset Management and Chocolate Finance Enter Strategic PartnershipFintech Finance•Jul 24, 2025•Nikko Asset Management, Chocolate
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Chocolate Finance takes a S$500 million hit in ‘bank run’; looking to return to business as usualThe Business Times•Mar 25, 2025•Chocolate
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Majority of Chocolate Finance withdrawal requests have been fulfilled, says fund managerThe Business Times•Mar 21, 2025•Chocolate
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Chocolate Finance meltdown highlights need for clear distinctionThe Business Times•Mar 20, 2025•Chocolate
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Chocolate Finance says customers have started receiving funds; raises debit card spending cap to S$1,000The Business Times•Mar 15, 2025•Chocolate
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SUBSCRIBERS MAS engaging Chocolate Finance to ensure orderly customer withdrawalsThe Business Times•Mar 12, 2025•Chocolate, Allfunds
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