Singapore-based fintech Chocolate Finance is extending its reach past individual savers by introducing a dedicated cash management product aimed at companies. Just two years after introducing its consumer platform, the firm is rolling out Chocolate Business, a solution designed to help organizations generate returns on surplus liquidity that would otherwise remain in low-yielding bank accounts while still keeping those funds readily available.
Chocolate Business operates as a Cash Managed Account rather than a traditional corporate bank account or fixed-term deposit.
It addresses a common frustration among business owners: the need to maintain liquid reserves for payroll, supplier payments, and unexpected expenses, yet receiving negligible interest on those balances.
Founder and CEO Walter de Oude has highlighted that returns on typical corporate deposits are often minimal, describing them as insufficient, and positioned the new offering as a practical way for companies to put idle cash to more productive use without sacrificing accessibility.
Under the current terms, businesses can earn 1.5 percent per annum on the first S$300,000, backed by the Chocolate Top-Up Programme during a qualifying period, with amounts beyond that also eligible for up to 1.5 percent annually.
There are no lock-in periods, no withdrawal fees or penalties, and no minimum or maximum deposit thresholds.
Funds can be transferred in via FAST or PayNow, and withdrawals are typically processed within one to two business days depending on the size of the request. Account holders can monitor balances and daily returns through a dedicated Chocolate Business app.
The firm earns its fees only after achieving the stated target return.
The product is scheduled for an official debut at The Business Show Asia 2026, taking place on 26 and 27 August in Singapore.
This move marks a clear strategic shift.
Since launching its consumer service, Chocolate Finance has built approximately S$1.6 billion in assets under management and attracted more than 150,000 customers.
By entering the corporate segment, the company is now competing in a space long dominated by banks’ deposit and cash management services.
Industry observations cited by the firm suggest Singapore SMEs forgo hundreds of millions of dollars in potential interest each year by leaving excess cash in low-yield accounts, with many viewing liquidity as a top priority.
Chocolate Business now aims to meet that need by investing client funds in a carefully chosen portfolio of short-duration fixed-income and money market funds, selected for risk-adjusted returns while preserving flexibility.
Allocations may include vehicles such as the LionGlobal SGD Liquidity Fund and related products, with the mix adjusted by the portfolio managers as conditions change.
Clients can view the latest composition within the app.
Regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services license, Chocolate Finance is backed by investors including Peak XV Partners, Prosus, Saison Capital and others.
The expansion into business accounts builds on the same principles that drove its consumer growth: simplicity, transparency, daily visibility of returns, and the absence of complicated conditions or lock-ups.
For Singapore companies of varying sizes, the new offering provides an alternative avenue to optimise working capital. As Chocolate Finance broadens its focus from personal cash management to the corporate sphere, it positions itself to capture a larger share of idle business funds that have traditionally earned little while remaining essential for day-to-day operations.