Chocolate Finance
About Chocolate Finance
Provides a digital investment platform offering daily compounded returns of up to 4.2% per annum on SGD and 5.2% on USD for the first S$50,000, with a target of 3.5% for amounts above. Utilizes segregated custodian accounts and MAS-licensed institutions to ensure fund security, while eliminating fees, lock-ins, and minimum deposit requirements for seamless access and flexibility.
```xml <problem> Traditional savings accounts and fixed deposits often offer low returns, failing to keep pace with inflation and limiting the growth potential of idle cash. Many investment options require high minimum deposits, lock-in periods, or complex criteria, making them inaccessible or unattractive for individuals seeking flexible and accessible wealth management solutions. </problem> <solution> Chocolate Finance provides a digital investment platform that offers users daily compounded returns on their savings. Users can deposit funds in SGD or USD and earn returns on their initial S$50,000 or US$50,000, with a target rate for amounts exceeding this threshold. The platform eliminates fees, lock-in periods, and minimum deposit requirements, providing users with seamless access and flexibility to withdraw their funds at any time. Funds are safeguarded through segregated custodian accounts held with Monetary Authority of Singapore (MAS)-licensed institutions, ensuring the security of user assets. </solution> <features> - Daily compounded returns on SGD and USD deposits - No minimum deposit requirements or lock-in periods - Funds held in segregated custodian accounts with MAS-licensed institutions - Singpass MyInfo verification for secure and easy onboarding - Real-time transaction alerts and vigilant monitoring for account security - Optional Visa Platinum debit card for easy spending of earned returns - "Top-Up Programme" to ensure target returns are met during the qualifying period - Mobile app for account management, deposits, and withdrawals </features> <target_audience> The primary target audience includes individuals seeking higher returns on their savings compared to traditional bank accounts, with a focus on those who value flexibility, accessibility, and security in managing their funds. </target_audience> <revenue_model> Chocolate Finance generates revenue after users have made money, but the exact mechanism is not disclosed. </revenue_model> ```
What does Chocolate Finance do?
Provides a digital investment platform offering daily compounded returns of up to 4.2% per annum on SGD and 5.2% on USD for the first S$50,000, with a target of 3.5% for amounts above. Utilizes segregated custodian accounts and MAS-licensed institutions to ensure fund security, while eliminating fees, lock-ins, and minimum deposit requirements for seamless access and flexibility.
Where is Chocolate Finance located?
Chocolate Finance is based in Singapore, Singapore.
When was Chocolate Finance founded?
Chocolate Finance was founded in 2022.
How much funding has Chocolate Finance raised?
Chocolate Finance has raised 19000000.
Who founded Chocolate Finance?
Chocolate Finance was founded by Walter de Oude.
- Walter de Oude - Founder
- Location
- Singapore, Singapore
- Founded
- 2022
- Funding
- 19000000
- Employees
- 40 employees
- Major Investors
- Peak XV Partners