Chocolate Finance CEO Walter de Oude assured its customers in an interview on Monday (Mar 10) that their monies are safe and …
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Chocolate Finance CEO Walter de Oude assured its customers in an interview on Monday (Mar 10) that their monies are safe and …
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46 comments
Thanks Chocolate Finance,i withdraw my money on 12 March, they promised 3 to 10 days, as their promised i received on 20 March 2025 included all interest amount.
I read how it works, I think MAS made mistake to giving them license. The guy is also founder of Singlife, the first insurer in Singapore. Maybe such practice could be possible as insurer, but if the underlying investment portfolio generate lower return then promised they will to cover it with their money – if they cannot, the company will go under. But at least customer funds are separated. Chocolate Finance invest in short term corporate bonds. It is with very low risk, but recently interest rates went down, but the promised returns by Chocolate is kept.
I would like to buy 2 Shares of Kinder Bueno
Look at Lunar, Silicone valley bank, FTX. If such giants can fail, anything else also can
解释就是掩饰。。。actions speaks louder than words…
I don't use debit card or AXS didn't take any advantage on any mile etc or benefits only the interest earned but suddenly noticed a withdrawal need take 3 to 10 day make be so panic by the way chocolate financial has to rebuild customer confident and trust back
Is Chocolate Finance a company? What is it's UEN?
I bet most of its customers have no idea what and where exactly their money has been invested in. Lehman 2.0
You withdraw first than talk.
The problem of high interest promise is they have to ensure they have more money to pay what people deposit into them…this is something like ponzi
The proverb When pull becomes shove could mean that you have outstayed your welcome and should make like a tree and leave.
If ceo say all the money is safe then why no instant withdawal ? Why hold back customer fund???
scam, faster draw, later left 10% principal
May i know why suddenly so many want to draw their money?? All rushing to buy chocolate???
I rather enjoy my almond chocolate and my ice cold chocolate drinks in my fridge…
Words are cheap! Look at all past crooks…do they tell u before they disappear? Better be safe than sorry!. Chocolate will melt too!
I made full withdrawal because people got locked out of their card. Got money but cannot make payments and combined with start of recession, this triggered financial troubles fears in Chocolate. To make things worse, there were no communication and only rumours of updates via influencer telegram group
We’ve all heard that before. Fake it till you make it…or not. LOL
The problem is gave your customers some bullish!t reason that it’s AXS and not Chocolate that decided to stop the payment arrangement
your not even mention chocolate is Not covered under SDIC $75k insurance fund.
Segregation of account is as good as open another account with the banks under another registered name coz asset fund manager would have to invest the so call segregated fund to invest mostly govt bonds or high risk corporate bonds to pay depositors higher than market interest rate 2.5% .
Sure.
Good luck though.
Very nice
The first 20 seconds already explained everything, finfluencers should be careful of what they are spreading
You should absolutely sue this guy.. the first part of the video is definitely to cause maximum panic. https://m.youtube.com/watch?v=4YuAxdDKGsM
foreign talent!
So did sam bankman fired
Anything goes south I am finding CNA cause they engaged chocolate finance In this and seem to endorse his explanation
I believe that the money held with them is not covered by the deposit insurance.
"A fool and their money would soon be parted". Fools that still have money with them will soon part with their money.
He got a scammer face
my choco debit card still haven arrive, its been weeks
You don’t want to be at the back of queue to take out your hard earned monies. Cash out while you can. There is no Singapore government guaranteed. They have been paying too high interest to attract deposits and they are now in financial ruin.
The CEO didn't explain how chocolate finance is paying higher than market interest of 4%+ last yr when they lured in the deposit .
CNA why interview him ans yet didn't disclosure the said chocolate is Not covered under SDIC $75k insurance fund.
This is the job of CNA as long the interview is under CNA brand.
Are u doing ads for them??
Segregation of account is as good as open another account with the banks under another registered name coz asset fund manager would have to invest the so call segregated fund to invest mostly govt bonds or high risk corporate bonds to pay depositors higher than market interest rate 2.5% .
So CNA didn't do their best coverage over this interview..
MAS should step in for such ambiguous interview especially it touches mass peoples through mass communication channel
No financial institutional no matter now robust and wealthy endowed ..cannot deal with massive and immediate CASH withdrawal of funds deposited by customers. Since, substantial amount of such funds have been "managed" thus invested into various ASSETS which would need some time to liquidate and be transferred back. The WORSE of WORSE NIGHTMARE for any financial institution is the LOSE of TRUST and LOST of CONFIDENCE by its customers/ and depositors.
Need to summon 3 star general to save this company
Ok la at least he still make video , he no run away
Scam
Take your money out first
Better withdraw all your money first, your money is safer in your hands than waiting on someone's hand. Wait 3-10 days. No thanks
Tbh, a good gesture from a CEO to speak out so fast to assure.unlike other bigger companies CEOs who resign first then let others take over
Australian.
Just wait for 3-10 days . chocolate finance is not a full licensed bank which must provide instant withdrawal
If you can’t touch customers’ money, then how do you manage it by investing that same money?
Let’s see if this comments age well …
Thank you