Choco Up Targets Asia’s Thin-File SME Funding Gap

Many small and medium-sized businesses across Asia struggle to secure bank financing because they have short operating histories, limited credit records or insufficient collateral. Fintech platform Choco Up seeks to narrow that gap by using business-performance data to assess companies that conventional underwriting may overlook. The approach highlights the growing role of alternative finance in expanding access to growth capital across the Asia-Pacific region.

Choco Up co-founder Percy Hung has outlined how the company combines data analysis with alternative financing structures to serve Asia’s thin-file SMEs and microbusinesses. The latest report focuses on the platform’s underwriting approach and its effort to address financing needs that banks often cannot meet. It did not disclose a new funding amount, customer total, interest rate or a specific announcement date, limiting the update to Choco Up’s model and regional strategy.