Brian Tsang, Co-Founder and COO of Choco Up
Choco Up, a revenue-based financing and growth platform, has announced a partnership with Dream Impact, a social enterprise and impact network in Hong Kong.
Under this partnership, Choco Up aims to deploy up to US$5 million in non-dilutive booster capital to help social enterprises and ventures across different impact themes developed by Dream Impact in line with the UN’s 17 Sustainable Development Goals.
The themes include diversity, equity & inclusion (DEI), circular economy and human-centric education.
These thematic initiatives bring together different parts of society on each of these topics to identify social needs and develop social innovation initiatives. Choco Up’s growth funding is anticipated to help socially conscious businesses to achieve their vision and mission.
This partnership brings Choco Up’s knowledge, resources and expertise to Dream Impact and its network of impact-focused founders and enterprises.
Also Read: What Choco Up wants you to know about running a revenue-based financing platform in Asia
This cross-sector collaboration opens the door to multi-million dollar funding for numerous socially conscious businesses, empowering Dream Impact to amplify the impact of its work and Choco Up to expand its social footprint across industries.
Brian Tsang, Co-Founder and COO of Choco Up, said: “The partnership with Dream Impact marks an important milestone in our impact finance journey as we continue to expand our reach in the impact space and work towards enhancing financial inclusion for socially conscious businesses across Asia.”
Dream Impact is an impact-first organisation in Hong Kong committed to connecting social entrepreneurs to resources, bridging communities for collaboration and deepening impact in different fields.
“Choco Up understands the value of social enterprises and impact ventures that aim to shape the future that we collectively want. It shares our vision of a society where everyone is conscious of the work they do, the things they buy and the values they advocate,” said Dorothy Lam, Co-Founder and Chief Catalyst of Dream Impact.
Choco Up is a global technology and financial service platform providing e-commerce and startups with revenue-based financing and business growth solutions. It provides hyper-growing companies with non-dilutive funding and a flexible repayment schedule. It invests between US$10,000 and US$5 million per startup.
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