Choco Up and Know Your Customer Announce Partnership to Accelerate Access to Capital Financing
Hong Kong & Singapore, 10 May 2023 – Choco Up, a global technology and financial services provider offering revenue-based financing and growth solutions, and RegTech company Know Your Customer have announced a partnership to streamline client verification and accelerate access to capital financing for e-commerce businesses worldwide.
With data analytics and machine learning at its core, Choco Up employs vast integrations to conduct artificial intelligence-driven risk assessments to automate fund deployment, providing e-commerce brands with growth capital in a quick and seamless manner. Choco Up also enables e-commerce companies to identify pain points, optimise their business for growth, and stay competitive by providing them with their business performance data in one place. With offices in both Singapore and Hong Kong, Choco Up serves businesses with smart-growth analytics and global payment solutions to fuel their growth.
Know Your Customer offers flexible and scalable Modular Compliance solutions to simplify and automate client onboarding and periodic reviews. Its platform features real-time connections to company registries in 127 countries, AI-based extraction of company and shareholder information from official company documents, live mapping of Ultimate Beneficial Owners across borders and periodic review automation.
Choco Up’s zero-equity revenue-based financing (RBF) has a flexible repayment mechanism. By partnering with Know Your Customer, Choco Up is empowered to safely accelerate client verification and business KYC procedures, making it more convenient and faster for e-commerce merchants and startups to access much-needed credit.
“Our partnership with Know Your Customer is critical to provide flexible, non-dilutive growth capital to our clients in as little as 48 hours, in some cases with instant KYB/KYC verification. By leveraging Know Your Customer’s automation capabilities and unparalleled live registry access for our compliance operations, we can provide a market-leading and fully streamlined onboarding experience to e-commerce businesses worldwide.”
Brian TsangCo-founder and COO of Choco Up
“A solid digital client onboarding process is a crucial first step for any financial institution looking to offer fast access to capital and services. We are very proud of the part our technology plays in helping Choco Up deliver fully compliant onboarding and provide vital funding to entrepreneurs and startups globally.”
Claus ChristensenCEO & Co-Founder at Know Your Customer Limited
Choco Up is a global technology and financial services platform offering revenue-based financing and business growth solutions for digital merchants and startups. With data analytics and machine learning at its core, Choco Up employs vast integrations to automate fund deployment, providing fast-growing companies with zero-equity funding in a quick and seamless manner. Choco Up is headquartered in Singapore and has an office in Hong Kong, serving businesses worldwide with smart-growth analytics and global payment solutions to fuel their growth.
Know Your Customer is an award-winning RegTech company specialised in next-generation digital onboarding and KYB automation solutions for corporate clients.
With offices in Singapore, London, Hong Kong, Dublin, and Shanghai, Know Your Customer has established a global reputation for excellence with clients across 11 verticals – including FinTech, banking, insurance, payments, real estate, asset management, legal firms – and 18 jurisdictions.
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