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Little impact from Chocolate Finance’s suspension of instant withdrawals: competitors

Endowus, StashAway and Syfe add that it is largely business as usual

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Benjamin Cher &

Isabelle Chong

Published Wed, Mar 12, 2025 · 05:00 AM
    • All three players emphasised transparency in their communications with customers in their efforts to build trust.
    • All three players emphasised transparency in their communications with customers in their efforts to build trust. PHOTO: PIXABAY

    [SINGAPORE] Digital wealth platforms say they did not see a spike in withdrawals or customer enquiries, after fellow competitor Chocolate Finance announced a suspension of withdrawals on Monday (Mar 10).

    Players in the same space, such as Endowus, StashAway and Syfe, reported that it was largely business as usual.

    Instead, Endowus has seen a continued, steady inflow into its cash management solutions and money market funds from individuals and institutions.

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