Choco Up, a global technology and financial services provider offering revenue-based financing and growth solutions, and RegTech company Know Your Customer have announced a partnership to streamline client verification and accelerate access to capital financing for e-commerce businesses worldwide.

With data analytics and machine learning at its core, Choco Up employs vast integrations to conduct artificial intelligence-driven risk assessments to automate fund deployment, providing e-commerce brands with growth capital in a quick and seamless manner. Choco Up also enables e-commerce companies to identify pain points, optimize their business for growth, and stay competitive by providing them with their business performance data in one place. With offices in both Singapore and Hong Kong, Choco Up serves businesses with smart-growth analytics and global payment solutions to fuel their growth.

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 (RBF) has a flexible repayment mechanism. By partnering with Know Your Customer, Choco Up is empowered to safely accelerate client verification and business KYC procedures, making it more convenient and faster for e-commerce merchants and startups to access much-needed credit.

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

"A solid digital client onboarding process is a crucial first step for any financial institution looking to offer fast access to capital and services,” said Claus Christensen, CEO and Co-Founder of Know Your Customer. “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.”