Choco Up, a revenue-based financing and growth platform, has partnered with global fintech platform Airwallex to support the growth of cross-border e-commerce.
Bringing together Airwallex’s global payment technology with Choco Up’s funding platform and analytics tools, this solution will serve as a one-stop-shop for e-commerce companies looking to expand internationally.
Choco Up provides e-commerce companies of all sizes with flexible funding ranging from US$10,000 to $10,000,000 to accelerate their growth.
By connecting the companies’ sales and marketing accounts to their data integration platform, Choco Up can swiftly conduct artificial intelligence-driven risk assessments on applicant companies within hours.
The information gathered enables e-commerce companies to see all their business performance data in one place, helping them identify growth opportunities and optimise their businesses.
Airwallex’s global payment software lets e-commerce businesses make cross-border payments in more than 130 currencies at significantly lower costs because of their market-leading foreign exchange rates.
In addition, Airwallex Borderless Cards will enable e-commerce merchants to make digital payments across borders that are more secure, transparent, and efficient.
Brian Tsang
Brian Tsang, Co-founder and COO of Choco Up said,
“The pandemic has propelled even faster growth of e-commerce companies over the past couple years, many who are in search of new funding and payments options to enable more sustained long-term growth regionally/internationally.
Partnering with Airwallex allows us to build a comprehensive hassle-free payment and funding infrastructure in Asia to empower these businesses to scale across borders without complications and co-create a better future for cross-border e-commerce in Asia.”
Kai Wu
Kai Wu, Greater China CEO at Airwallex said,
“We are so pleased to have been chosen as Choco Up’s partner as they continue to support the growth of e-commerce companies across the region. Businesses today require easy-to-use, accessible, safe and cost-efficient payment options, and our global financial infrastructure can enable that for businesses like Choco Up.
Our scale API solution offers a centralized way to manage cross-border payment complexities, so businesses can easily transact internationally. We look forward to continuing our partnership, empowering businesses of all sizes to operate anywhere, anytime.”
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