Airwallex partners with Choco Up to boost cross-border e-commerce

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hong kong, March 17, 2022 /PRNewswire/ — Airwallex, a global fintech platform, today announced its partnership with Choco Up, from Asia leading revenue-based funding and growth platform, to support the future growth of cross-border e-commerce. By combining Airwallex’s proprietary global payment infrastructure with Choco Up’s flexible recurring financing solutions, the partnership enables a comprehensive and integrated financing solution for e-commerce businesses across Asia.

Powered by Airwallex, Choco Up is able to offer a one-of-a-kind turnkey solution covering cross-border payments, collections and growth financing, and addresses the needs that will enable e-commerce businesses of all sizes to expand beyond geographical borders without financial constraints.

Kai WuCEO of Greater China at Airwallex, said: “We are delighted to have been chosen as a partner with Choco Up as they continue to support the growth of e-commerce businesses in the region. Businesses today need easy-to-use payment options, accessible, secure and cost-effective, and our global financial system infrastructure can enable this for companies like Choco Up.Our large-scale API solution provides a centralized way to manage the complexities of cross-border payments, so businesses can easily transact internationally. We look forward to continuing our partnership in APAC and beyond, empowering businesses of all sizes to operate anywhere, anytime.”

Choco Up offers e-commerce businesses of all sizes flexible financing ranging from $10,000 for $10,000,000 to accelerate their growth. Choco Up’s proprietary fintech platform enables a transparent and automated funding process. By connecting companies’ business and marketing accounts to their data integration platform, Choco Up can quickly perform artificial intelligence-based risk assessments on candidate companies within hours. The insights collected allow e-commerce businesses to see all of their business performance data in one place, helping them identify pain points, optimize their business, and stay on top of the competition.

“The pandemic has propelled even faster growth of e-commerce businesses over the past two years, many of which are seeking new financing and payment options to enable more sustained long-term growth regionally/internationally. “, said Brian TsangCo-founder and COO of Choco Up. “Partnering with Airwallex allows us to build a complete hassle-free payment and finance infrastructure in Asia to enable these businesses to scale across borders without complications and co-create a better future for cross-border e-commerce in Asia.”

Combining 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 businesses looking to expand internationally. Airwallex’s global payment software enables e-commerce businesses to make cross-border payments in over 130 currencies at significantly lower costs due to their market-leading exchange rates. Additionally, Airwallex Borderless cards will enable e-commerce merchants to make cross-border digital payments more secure, transparent and efficient. This will have a significant impact on Asia the e-commerce industry, unlocking access to the global retail e-commerce industry US$4.9 trillion in 2021 for Asian e-commerce businesses.

About Airwallex

Airwallex is a global payment platform whose mission is to enable businesses of all sizes to grow without borders and, in doing so, contribute to the global economy. With technology at its heart, Airwallex has built a financial infrastructure and platform to help businesses manage online payments, cash and payments globally, without the constraints of the traditional financial system. Airwallex got more than $800 million since its inception in 2015, and is backed by world-renowned investors. Today, the company operates with a team of over 1,100 employees across 19 locations around the world.

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About Choco Up

Founded in 2018, Choco Up is from Asia revenue-based funding and growth platform, providing quick and easy access to funding for digital merchants and startups in 10+ countries and 10 industries. With offices at hong kong and Singapore, Choco Up leverages data analytics and extensive integration to automate the deployment of growth funds, providing fast-growing companies with undiluted equity financing to fuel their growth. Choco Up has helped hundreds of businesses across Asiaoffering flexible financing and strategic support to help businesses maximize their potential.

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SOURCE Airwallex

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