Choco Up Earns Place Among World’s Top Fintech Companies
Singapore-based SME financing platform Choco Up has been named one of the world’s leading fintech companies by CNBC and Statista, marking its first appearance in the prestigious global ranking.
Choco Up has been included in CNBC and Statista’s World’s Top Fintech Companies 2026, becoming one of only three Singapore-headquartered firms recognised in the Alternative Financing category.
The annual ranking, compiled by CNBC in partnership with market research firm Statista, evaluates fintech companies worldwide across eight market segments. This year’s assessment covered more than 3,500 companies, with only 500 making the final list. The Alternative Financing category comprises 60 companies offering digital funding and bank-independent lending solutions for businesses and consumers.
Supporting SME growth
Founded to improve access to growth capital for small and medium-sized enterprises (SMEs), Choco Up says it has provided financing to more than 1,000 businesses across Singapore, Hong Kong and Australia.
According to the company, businesses supported through its platform have generated more than US$2.5 billion in gross merchandise value (GMV). Its financing model focuses on providing non-dilutive funding, allowing companies to raise capital without giving up equity.
Expansion plans
Choco Up is currently pursuing its next phase of growth, including a proposed merger with a Nasdaq-listed company. The transaction is expected to expand the firm’s product offering while strengthening its presence across Asia.
The company also plans to continue investing in its financing platform, institutional partnerships and technology infrastructure to improve SMEs’ access to capital.
«We’re grateful for this recognition, but even more grateful to our customers, partners, investors and team, whose trust has made it possible,» said Percy Hung, founder and chief executive of Choco Up.
«While we’re proud of how far we’ve come, we’re even more excited about what’s ahead. Our ambition is to empower one million SMEs to achieve 10x growth by making growth financing more accessible and personalised across Asia,» he added.
