2022 Year in Review
Table of contents
Welcome to 2023!
Before we jump into the thick of things, it’s always good to look back and see how far we’ve come. Last year was a big year of growth for us, and we couldn’t have done it without you.
2022 By The Numbers
We’re on a mission to help a million asset-light companies grow 10x.
We truly believe that revenue-based financing is a game-changer for many founders who need the additional cash flow to supercharge and invest in business growth. Take a look at some of our standout clients:
- Jaco Hardware spent 60% of its financing on digital ads and grew 100x within two years.
- Archiology used their financing to go from marketplace seller to DTC brand and grew revenue by 5x in 6 months.
- Cheak (formerly butter) needed capital for inventory to grow revenue and brand. They caught Love, Bonito's eye and were later acquired.
2 Payment Products
Aside from growth capital financing, we saw an opportunity to help more online businesses get paid. In partnership with Stripe and Airwallex, we launched two new payment products.
Choco Wallet helps businesses expand into new markets by simplifying and supporting cross-border transactions.
Choco Payment is Asia’s first online payment solution embedded with revenue-based financing. It allows businesses to accept online payments in more than 135 countries and 180 countries.
That’s the number of hours for us to process your funding application. We know businesses need to be agile so why not their capital needs?
By leveraging Amazon Web Services, we’ve built our credit infrastructure and AI/ML credit model for quick underwriting and risk monitoring & management.
The icing on the cake is that we’re now able to serve clients 24/7 with 99% uptime.
Need a quick boost in capital? Register today
∞ Endless Possibilities
We think that embedded financing is the future of growth capital. This year, we’ve onboarded channel partners who are allowing all kinds of businesses to access Choco Up’s flexible growth financing.
Want to sell now, pay later? Learn More
What’s Next in 2023?
We’re excited to participate in more events this year. We hope to continue building our community and ecosystem that’s making capital accessible for all.
One of our major plans that’s underway is the launch of our accelerator. With Choco Up’s growth capital boosting business growth, we want to continue helping modern businesses grow better, further, and faster. We’ll share more as plans firm up. Make sure you’re following us.