Payments Regtech

Choco Up Partners Know Your Customer to Accelerate e-KYC for Capital Financing

Regtech provider Know Your Customer announced that it has partnered with Choco Up, a revenue-based financing platform with offices in Singapore and Hong Kong.

Through this partnership, Choco Up will be able to streamline client verification and accelerate access to capital financing for e-commerce businesses worldwide.

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 has a flexible repayment mechanism. By partnering with Know Your Customer, Choco Up would be able to safely accelerate client verification and business KYC procedures.

Brian Tsang

“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.”

said Brian Tsang, Co-founder and COO of Choco Up.

Claus Christensen

“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.”

said Claus Christensen, CEO & Co-Founder at Know Your Customer.