Choco Up and Know Your Customer Announce Partnership to Accelerate Access to Capital Financing

Hong Kong &amp; Singapore, 10 May 2023 - 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.
<blockquote>"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.”</blockquote>
About Choco Up 

Choco Up is a global technology and financial services platform offering revenue-based financing and business growth solutions for digital merchants and startups. With data analytics and machine learning at its core, Choco Up employs vast integrations to automate fund deployment, providing fast-growing companies with zero-equity funding in a quick and seamless manner. Choco Up is headquartered in Singapore and has an office in Hong Kong, serving businesses worldwide with smart-growth analytics and global payment solutions to fuel their growth.

About Know Your Customer 

Know Your Customer is an award-winning RegTech company specialised in next generation digital onboarding solutions for financial institutions and regulated organisations worldwide.   

For teams that are struggling with inefficient corporate onboarding processes, Know Your Customer provides a modular compliance solution that combines the most intuitive digital workspace on the market with unmatched real-time registry data, seamless integrations and smart automation to transform the essence of the compliance function at its core. The products’ modular design enables efficient customisation, as clients can select and implement only the functionalities they really need, all available via Rest API.   

For more information visit <a href="https://knowyourcustomer.com/">https://knowyourcustomer.com</a> or follow Know Your Customer on<a href="https://www.linkedin.com/company/know-your-customer/"> LinkedIn</a> or <a href="https://twitter.com/KYC_Ltd">Twitter</a>.

Choco Up and Know Your Customer Announce Partnership to Accelerate Access to Capital Financing

Know Your Customer Celebrates Double Client Win with Volopay and Coda Payments in Singapore
Singapore, 12 April 2023 – Leading RegTech provider <a href="https://knowyourcustomer.com/" data-saferedirecturl="https://www.google.com/url?q=https://knowyourcustomer.com/&amp;source=gmail&amp;ust=1681391592847000&amp;usg=AOvVaw3QwVbdf3SpsjifljmwZlok">Know Your Customer</a> is proud to announce its latest strategic client wins in Singapore: Volopay and Coda Payments.
Know Your Customer’s innovative compliance platform will streamline client onboarding and periodic review tasks for both clients, delivering a more seamless due diligence experience to their vast pool of SME and corporate clients.
<a href="https://www.volopay.com/sg/" data-saferedirecturl="https://www.google.com/url?q=https://www.volopay.com/sg/&amp;source=gmail&amp;ust=1681391592847000&amp;usg=AOvVaw0tuBox4wdzbhpQvN5GVCe2">Volopay</a> was founded in 2020, in Singapore, to help businesses better manage their finances to achieve their strategic growth. The product employs corporate cards and  receivable and payable management software in order to streamline approvals and expense workflows, lending complete control and visibility over business expenses. Since then, it has expanded globally to Australia, Indonesia, and India, as well.
Founded in 2011 and headquartered in Singapore, <a href="https://www.codapayments.com/" data-saferedirecturl="https://www.google.com/url?q=https://www.codapayments.com/&amp;source=gmail&amp;ust=1681391592847000&amp;usg=AOvVaw0jzzdXlFszkAd8nJbJ_w0U">Coda Payments</a> is one of the world’s leading providers of secure, cross-border monetisation solutions for digital products and services. The company helps digital content publishers, including some of the biggest names in gaming such as Activision Blizzard, Riot Games and Tencent, unlock new revenue for their games, apps, and services in more than 60 markets worldwide.
The double client win comes in the context of an unprecedented growth of the digital payments industry in Southeast Asia, which is expected to reach an astonishing <a href="https://www.gbm.hsbc.com/insights/global-research/asean-payments-go-digital" data-saferedirecturl="https://www.google.com/url?q=https://www.gbm.hsbc.com/insights/global-research/asean-payments-go-digital&amp;source=gmail&amp;ust=1681391592847000&amp;usg=AOvVaw00AR8DBEBdht9v8d6SyJ6J">USD1.5 trillion by 2030</a>. In this environment, the next frontier of innovation is to provide financial services to entrepreneurs, SMEs and corporates in a seamless way, similar to what has now become the standard for consumers.
To support payment providers in their dual objective of seamless onboarding and iron-clad compliance, Know Your Customer has developed a highly modular compliance platform that supports clients’ need for cross-border verification and Know Your Business (KYB) automation. By providing live access to company registries in 127 countries worldwide and an end-to-end digital compliance platform, Know Your Customer empowers Fintech businesses to safely onboard clients across borders, unravel complex company structure charts and constantly stay in control of their regulatory obligations through automated periodic reviews.
Claus Christensen, CEO of Know Your Customer, commented:

<blockquote>
"In a constant effort to lower the cost of compliance and provide access to essential payment services to SMEs and entrepreneurs, more and more Fintech companies are turning to RegTech providers to help them achieve this goal in a shorter timeframe. We are proud that both Volopay and Coda Payments have chosen to partner with Know Your Customer to bring to life their ambitious vision for seamless onboarding and periodic reviews and we look forward to working with them to deliver the best possible experience to their vast range of local and international clients.”
</blockquote>
Rohit Bhageria, Founding Member at Volopay, added:

<blockquote>
“We at Volopay were looking for a comprehensive Identification and Verification software suite coupled with strong watchlist management and enhanced security features, and we have found that Know Your Customer checks all the boxes of our requirements.” 
</blockquote>
Finally, Abhi Sharma, Chief Financial Officer at Coda Payments, said:

<blockquote>
“At Coda Payments, we’ve always been a solution-focused company that is constantly looking for ways to improve productivity and strengthen our compliance commitments. We’re confident that our partnership with Know Your Customer will allow us to do exactly that, and look forward to working together to streamline our compliance processes and boost efficiencies across the business.”
</blockquote>
Both client wins were celebrated during an official signing ceremony hosted at the Tower Club Singapore, organised in partnership with the Ireland Ambassador to Singapore and Enterprise Ireland. The event marks another significant milestone for Know Your Customer in Singapore, as it continues to drive RegTech innovation in the region. 
About Know Your Customer
Know Your Customer is an award-winning RegTech company specialised in next-generation digital onboarding solutions for financial institutions and regulated organisations worldwide. By providing a single source of truth, Know Your Customer enables clients to reduce AML risk, streamline processes through agile automation, improve data accuracy through live connections to company registries, and comply with internal, board and regulatory reporting demands. The result is an acceleration in the onboarding time of new corporate clients from an industry average of 26 days to a few hours, reducing compliance manual work by up to 85%.
For more information visit <a href="https://knowyourcustomer.com/" data-saferedirecturl="https://www.google.com/url?q=https://knowyourcustomer.com&amp;source=gmail&amp;ust=1681391592847000&amp;usg=AOvVaw0sMLquWYDyF7r-n7BRCGUW">https://knowyourcustomer.com</a> or follow Know Your Customer on <a href="https://www.linkedin.com/company/know-your-customer/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/company/know-your-customer/&amp;source=gmail&amp;ust=1681391592847000&amp;usg=AOvVaw3Vhtp76DpM0xuaNi6y6HHZ">LinkedIn</a> or <a href="https://twitter.com/KYC_Ltd" data-saferedirecturl="https://www.google.com/url?q=https://twitter.com/KYC_Ltd&amp;source=gmail&amp;ust=1681391592847000&amp;usg=AOvVaw06TSy2Jh7OhbQZl9NLgE3f">Twitter</a>.
About Volopay
Volopay is a Singapore-based fintech that aims to make managing business finances easier. Through the use of corporate cards paired with receivable and payable management software, Volopay is the solution for streamlining expense workflows while still maintaining complete visibility and control over business spending.
As a real-time payable management software, Volopay makes expense reports digital, fast, inclusive, and safe. By replacing spreadsheets, paper checks and receipts, and other manual processes with an automated system and a centralized dashboard for every expense-related need, Volopay’s goal is to empower businesses around the world by equipping them with the best tools possible. Starting in Singapore in 2020, Volopay has since expanded into several countries in the Asia Pacific region and will continue to grow globally.
Website: <a href="https://www.volopay.com/sg/" data-saferedirecturl="https://www.google.com/url?q=https://www.volopay.com/sg/&amp;source=gmail&amp;ust=1681391592847000&amp;usg=AOvVaw0tuBox4wdzbhpQvN5GVCe2">https://www.volopay.com/sg/</a>
About Coda Payments
Coda Payments operates Codashop, the leading independent source for in-game content. Coda also offers Codapay, which allows publishers of digital content to accept the hundreds of payment methods available on Codashop on their own websites, and xShop, which allows publishers to distribute their products through a range of e-commerce and other consumer-facing platforms.
The Coda vision is to be the platform of choice for taking life's digital experiences over the top.
Website: <a href="https://www.codapayments.com/" data-saferedirecturl="https://www.google.com/url?q=https://www.codapayments.com&amp;source=gmail&amp;ust=1681391592847000&amp;usg=AOvVaw1FgwtKqrgsXd2pKO7KinEk">https://www.codapayments.com</a>

Know Your Customer Celebrates Double Client Win with Volopay and Coda Payments in Singapore

Coda Payments selects Know Your Customer to deliver straight-through corporate onboarding across APAC

Singapore, 28 February 2023 – Today, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3323977-1&amp;h=2619278218&amp;u=http%3A%2F%2Fwww.codapayments.com%2F&amp;a=Coda+Payments">Coda Payments</a> (“Coda”), the leading provider of cross-border payments and distribution solutions to digital content publishers, announced that it has partnered with award-winning RegTech provider <a href="https://knowyourcustomer.com/">Know Your Customer</a> to simplify and accelerate its corporate onboarding processes across the Asia-Pacific region.

By integrating Know Your Customer’s corporate onboarding solution with its front-end and back-end operations, Coda is streamlining its due diligence operations on business prospects and clients, leveraging automation to achieve greater efficiency and an improved customer experience. Coda uses Know Your Customer’s single API to connect to company registries across 127 countries globally in real-time, retrieve the necessary official documents automatically, extract vital corporate information, unravel complex company charts, and identify ultimate beneficial owners (UBOs) through documentary evidence as required by regulations. 

Founded in 2011 and headquartered in Singapore, Coda is one of the leading providers of secure, cross-border monetisation solutions for digital products and services. The company helps digital content publishers unlock new revenue for their games, apps, and services in more than 60 territories worldwide. In 2022, Coda was named the 45th fastest growing company in the Asia-Pacific region by the <a href="https://www.ft.com/high-growth-asia-pacific-ranking-2022">Financial Times</a>, and has been named a Technology Pioneer by the <a href="https://www.weforum.org/agenda/2020/06/technology-pioneers-2020/">World Economic Forum</a>.

Know Your Customer is an award-winning regulatory technology (RegTech) company specialised in highly configurable corporate onboarding and Know Your Business (KYB) solutions for a variety of regulated sectors. Its live registry connections now cover all 50 states in the United States. In November 2022, Know Your Customer won the Silver ASEAN Award at the Singapore Fintech Festival Global Fintech Awards by the Monetary Authority of Singapore (MAS).
Keira Kwek, Global Compliance Lead at Coda, commented:

<blockquote>“Our new onboarding process, powered by Know Your Customer, is instrumental in enabling the fast and secure expansion of our customer base across multiple Asia-Pacific markets and globally. From the start, the Know Your Customer team demonstrated how their solution was able to provide both the real-time registry connections required by the compliance team, as well as the API capabilities sought by our engineering team to facilitate fast integration with our internal systems.”</blockquote>
Claus Christensen, CEO &amp; Co-Founder of Know Your Customer, added:

<blockquote>“We are delighted to be working with Coda to enable their vision for seamless, straight-through corporate onboarding across the Asia-Pacific region. It is inspiring to see their  commitment to both better customer experience and no-compromise compliance, a dual objective which can only be achieved through RegTech innovation. We look forward to supporting them on this journey and enabling their continued and ambitious commercial growth.”</blockquote>
About Know Your Customer

Know Your Customer is an award-winning RegTech company specialised in next generation digital onboarding solutions for financial institutions and regulated organisations worldwide. By providing a single source of truth, Know Your Customer enables clients to reduce AML risk, streamline processes through agile automation, improve data accuracy through live connections to company registries, and comply with internal, board and regulatory reporting demands. The result is an acceleration in the onboarding time of new corporate clients from an industry average of 26 days to a few hours, reducing compliance manual work by up to 85%.

With offices in London, Dublin, Singapore, Hong Kong, and Shanghai, Know Your Customer has established a global presence and a reputation for excellence. Our customer list spans across 11 verticals - including banking, FinTech, insurance, payments, real estate, asset management, legal firms - and 18 jurisdictions. 

For more information visit <a href="https://knowyourcustomer.com">https://knowyourcustomer.com</a> or follow Know Your Customer on <a href="https://www.linkedin.com/company/know-your-customer/">LinkedIn</a> or <a href="https://twitter.com/KYC_Ltd">Twitter</a>.

About Coda Payments

Coda Payments operates Codashop, the leading independent source for in-game content. Coda also offers Codapay, which allows publishers of digital content to accept the hundreds of payment methods available on Codashop on their own websites, and xShop, which allows publishers to distribute their products through a range of e-commerce and other consumer-facing platforms.

The Coda vision is to be the platform of choice for taking life's digital experiences over the top.

Coda Payments selects Know Your Customer to deliver straight-through corporate onboarding across APAC

Know Your Customer is a global RegTech provider specialised in next generation digital onboarding solutions for regulated organisations worldwide. Our easy-to-use platform radically simplifies, improves and digitises the KYC and AML compliance process for corporate customers. With our technology, compliance teams can reduce the time needed to onboard a new corporate client from an industry average of 26 days to a few hours, reducing manual tasks by up to 85%.

Know Your Customer

Know Your Customer is a global RegTech provider specialised in next generation digital onboarding solutions for regulated organisations worldwide. Our easy-to-use platform radically simplifies, improves and digitises the KYC and AML compliance process for corporate customers. With our technology, compliance teams can reduce the time needed to onboard a new corporate client from an industry average of 26 days to a few hours, reducing manual tasks by up to 85%.