SINGAPORE: Four months after suspending instant withdrawals due to surging demand, Chocolate Finance announced on Thursday (Jul 24) that it has secured US$15 million in fresh funding. The funds were raised from Nikko Asset Management, returning investors Peak XV (previously known as Sequoia Capital India and Southeast Asia), Prosus, Saison Capital and Chocolate Finance’s founder
Which companies are regulated? Most prominent investment platforms in Singapore are. This includes companies such as Endowus, StashAway and Chocolate Finance. A Financial Institutions Directory can be used to find out whether a company is regulated or licensed by MAS, though the need for a license depends on a firm’s business model. MAS also maintains
SINGAPORE: Chocolate Finance customers looking to withdraw their funds face a shorter wait of three to six business days instead of the 10-day timeframe that was earlier announced, the company said on Tuesday evening (Mar 11). Concerns about the financial services platform emerged after it suspended instant fund withdrawals on Monday due to “high demand”, adding