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Singapore-Licenced Robo-Advisor Updates On "Orderly" Client Redemptions
Editorial Staff
24 March 2025
has been monitoring the situation. On its homepage, Chocolate Finance says: “With Chocolate Finance, you get happy returns. Enjoy 3.3 per cent per annum on your first S$20k, 3 per cent pa on your next S$30k and a target 3 per cent pa on any amount above that. Are you smiling yet?”
The firm puts clients’ money in a portfolio of fixed-income funds to earn those target returns. By February, Chocolate Finance had almost S$1 billion in assets under management and more than 60,000 customers, according to its website.
It is backed by organisations such as Peak Partners, Prosus, GFC, and Saison Capital. Investment partners include UOB Asset Management, Fullerton Fund Management, Dimensional, Nikko Asset Management, and Lion Global Investors. The firm reportedly had almost S$1 billion (about $750 million) in AuM.