Choco Up — Full Review (Singapore)
Revenue-based financing, growth capital & non-dilutive funding
Choco Up Review (Singapore)
Choco Up is a fintech platform specialising in revenue-based financing for SMEs across Asia, including Singapore. Instead of taking equity or requiring traditional collateral, their model lets businesses access growth capital in a flexible, non-dilutive way.
Overview
Choco Up describes itself as a growth-financing platform offering non-dilutive capital to companies via a revenue-share model. They leverage data and integrations to underwrite and deploy capital quickly.
Why Choose Choco Up
- Flexible repayment: payments scale with your revenue
- No equity required — you keep full ownership
- Faster funding than many bank loans
- Data-driven underwriting and modern credit processes
- Good fit for asset-light, growth-oriented SMEs (e-commerce, SaaS, HORECA)
Products & Use Cases
| Product | Use Case | Notes |
|---|---|---|
| Growth Capital | Inventory, marketing, expansion | Non-dilutive; revenue-share model |
| Upfront Funding | Pre-sales / early growth | Shorter term; e-commerce friendly |
| Payments + Financing | Liquidity for sellers using integrated payments | Embedded approach |
Eligibility
- Registered business in Singapore (or supported markets)
- Demonstrable revenue / sales history
- Meets minimum internal revenue/tenure thresholds
Required Documents
- Recent bank statements & sales records
- Business registration & ownership details
- Plan for use of funds (optional but helpful)
Pricing & Fees
Pricing depends on business profile and revenue dynamics. Repayments are a percentage of revenue until a fixed amount is repaid. Clarify total fees, any setup/admin fees, and repayment caps in your offer.
Funding Speed
For qualified applicants with complete data, assessment and funding can be significantly faster than traditional lending—often within a few days.
Pros
- Non-dilutive growth capital
- Flexible, revenue-linked repayments
- Fast decisions and onboarding
Cons
- May cost more than bank loans for very stable businesses
- Minimum revenue and tenure requirements apply
- Less standardised pricing—need to review offer details
How to Apply
- Complete the quick online form
- Connect sales/revenue data for assessment
- Review your offer and fund
This review is based on publicly available information and our editorial judgment. We are not Choco Up and do not provide financial advice.
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