A rush among users to withdraw funds forced the firm to temporarily suspend instant withdrawals, but founder and CEO Walter de Oude says “at no point is customer money at risk”.
Chocolate Finance halts instant withdrawals due to ‘high demand’
SINGAPORE: Chocolate Finance has temporarily suspended instant fund withdrawals due to "high demand", it said in a notice to customers on Monday (Mar 10). The financial services platform said that ...
Chocolate Finance Temporarily Suspends Instant Withdrawals
Singapore-based financial services platform Chocolate Finance has temporarily halted instant withdrawals due to a spike in customer requests ...
Razorpay expands payments footprint in Singapore ahead of IPO
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride ...
Malaysian Tycoon Lim Han Weng’s HI Mobility Adding Electric Buses With IPO Proceeds
HI Mobility—controlled by Malaysian oil and gas tycoon Lim Han Weng—is raising $26.3 million from its IPO to add electric buses to its fleet as the company gears up for increased traffic between ...
Malaysian Tycoon Lim Hang Weng’s HI Mobility Adding Electric Buses With IPO Proceeds
HI Mobility—controlled by Malaysian oil and gas tycoon Lim Han Weng—is raising $26.3 million from its IPO to add electric buses to its fleet as the company gears up for increased traffic between ...
Superwomen in Singapore: Moms outshine their mothers, balancing family and finances like never before
SINGAPORE: A groundbreaking new survey from Sun Life Asia featured in an Insurance Asia article revealed that Singaporean women are now more financially se ...
New SkillsFuture scheme provides financial aid and career support for unemployed job seekers
SINGAPORE—To support the involuntarily unemployed, a new “activities-based” scheme has been introduced to provide monthly payouts to eligible job seekers ...
S’pore woman received over S$711 million in bank account, admits not knowing where funds came from
Zin Nwe Nyunt, 58, a Singaporean citizen, worked with her husband's childhood friend, Nyan Win, who controlled Zin's accounts and made transfers to local and overseas accounts, in exchange for ...
Singapore clarifies rules for real estate agents in anti-money laundering Bill
SINGAPORE has introduced a Bill to set out requirements for the real estate industry to act on suspected money laundering activities. Read more at The Business Times.
S Pass qualifying salary to increase: S$3,300 from September 1, S$3,800 for those in financial services
Singapore’s minimum qualifying salary for S Pass applicants will be S$3,300, up from the previous S$3,150, marking the third ...
Top 6 Fintech Events in Singapore in 2025
Explore the top fintech events in Singapore 2025, from SFF to blockchain summits to stay ahead with key conferences.
Matrixport Subsidiary Fly Wing Obtains Major Payment Institution License from MAS in Singapore
Fly Wing Technologies Pte Ltd, a wholly owned subsidiary of Matrixport, granted the Major Payment Institution (MPI) License by MAS.
Singapore semicon companies, including startups, can tap new S$500 million national fab facility by 2027
Singapore semiconductor companies, including startups, will be able to tap the new S$500 million national fabrication facility announced in Budget 2025. Read more at The Business Times.
Singapore ranks fourth in global cross-border investment in 2024
The total investments reached $6.7b. In 2024, Singapore was the fourth most in-demand destination for cross-border investment with total investments reaching $6.7b (U$5b), Knight Frank reported.
Singapore to invest S$1 billion in Changi air hub, beyond S$5 billion fund top-up in Budget 2025
The additional S$1 billion will be committed over the next five years to support the development of Changi air hub. Read more at The Business Times.