Savings app Chocolate Finance secures $15m Series A+

July 28, 2025

Chocolate Finance, a FinTech firm focused on helping users earn better returns on their SGD and USD idle cash, has announced the close of its $15m Series A+ funding round.

The investment round was led by Nikko Asset Management, with participation from returning backers Peak XV, Prosus, Saison Capital, and founder Walter de Oude. The latest round comes amid challenging capital markets, reinforcing investor confidence in the company’s business model and future trajectory.

Chocolate Finance offers a digital savings platform designed to turn idle cash into what it calls “happy money.”

The newly raised capital will be directed towards accelerating regional growth and further developing the platform.

With regulatory approval recently secured to operate in Hong Kong, Chocolate Finance aims to establish a strong presence in one of Asia’s most competitive financial centres.

As part of its one-year anniversary celebrations, Chocolate Finance highlighted a series of milestones achieved over the past 12 months. These include reaching nearly S$900m in assets under management (AUM) and delivering approximately S$22.7m in returns to nearly 100,000 users across all funds and currencies.

To thank its user base, Chocolate Finance is launching a limited-time Double Referral Program from 22 July to 31 August 2025, offering exclusive merchandise and rewards to deepen community engagement.

Chocolate Finance CEO and founder Walter de Oude said, “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.

“Securing this latest round of funding is a strong vote of confidence in Chocolate’s vision, our 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 prioritises simplicity, and just delivers what it promises – a great place for your spare cash.”