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

[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.