Singapore-based Chocolate Finance, a fintech platform for spare-cash management, launched in Hong Kong on November 6 through discretionary investment accounts operated by Chocolate Finance HK Limited.

The company said the unit holds Securities and Futures Commission (SFC) licenses for Type 1, Type 4, and Type 9 regulated activities.

Chocolate Finance advertises annual returns of 3.8% on the first HK$100,000 (US$13,000) and 3.5% on the next HK$200,000 (US$25,000) under its Chocolate Advantage Programme.

The company said neither returns nor principal are guaranteed.

The promotional rates and usually instant withdrawals of up to HK$50,000 (US$6,400) a day will run until June 30, 2027, or until assets in Chocolate-managed accounts reach HK$1 billion (US$127 million), whichever comes first.

The company said the program could end earlier, and withdrawals can take longer.

Chocolate Finance said its Singapore platform managed more than HK$10 billion (US$1.27 billion) in assets and served over 130,000 users.

The SFC previously issued a circular on additional returns in 2023 and published consultation conclusions on disclosure requirements for discretionary accounts in 2018.

🔗 Source: Chocolate Finance

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