Company Information

Get to know Choco Insurance

Founded in 2018 in Berlin, Choco initially explored providing insurance services tailored to the gastronomy sector. However, the company quickly pivoted to focus on a larger challenge within the industry: digitizing the food ordering process. Today, Choco's core business is its B2B software platform that allows chefs and restaurant managers to order ingredients from all their suppliers in one app. The company's mission is to build a more sustainable and efficient global food system by reducing food waste, streamlining logistics, and improving transparency between suppliers and restaurants.

Industry

Technology Software DevelopmentPRIMARY
Financial Other Service

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Choco Insurance

United States

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.