DEFI PAYMENTS PTE. LTD. Business Review
Business Overview
TrustScore Analysis
Our preliminary analysis has revealed key insights about DEFI PAYMENTS PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has accessible contact information online
Negative highlights
- Is relatively new
- No employer brand presence on career platforms
- No official business profile found on major search engines
Corporate Information
63120
Internet search engines
Contact Information for DEFI PAYMENTS PTE. LTD.
DEFI PAYMENTS PTE. LTD.'s InvoiceNow Corporate Profile
0195:SGUEN202040110H
iso6523-actorid-upis::0195:SGUEN202040110H
DEFI PAYMENTS PTE. LTD.'s Business Reviews
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Public Preview of DEFI PAYMENTS PTE. LTD.
This is only a preview of the TrustScore results for DEFI PAYMENTS PTE. LTD., showcasing a few facets of its business that we have analysed.
Established Stage
A established brand is one that has achieved a strong, recognisable presence in its market or industry. These brands are well-known, trusted and often considered as key brands in their space. They have a significant loyal customer base, a clear and consistent identity, and a proven track record of success and growth.
Key Characteristics
- Strong Brand Recognition: DEFI PAYMENTS PTE. LTD. is likely widely recognised by its target audience and beyond. These brands are usually household names with history, regional or global reach and financial might.
- Market Leadership: DEFI PAYMENTS PTE. LTD. is often seen as a leader or key player in its industry. They dominate the market and often set trends for others to follow.
- Loyal Customer Base: It has a large and dedicated following of customers after 4 years of operation, often associated with brand value and loyalty.
- Consistent Identity: The brand’s mission, values, and visual identity are well-defined and consistently applied. The narrative is often relational and recognisable.
- Diverse Offerings: It has a robust and varied portfolio of products or services that cater to a wide range of customer needs. After sales service and customer support are usually well aligned with company’s offerings.
- Scaled Operations: The brand has the infrastructure, team, and processes to support its size and reach.
- Financial Stability: It generates steady revenue and often has significant market share.
Why It Matters
- DEFI PAYMENTS PTE. LTD. represent stability, trust, and excellence.
- They have proven their ability to adapt, innovate, and thrive over time. However, even established brands must continue to evolve to stay relevant in a changing market.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. DEFI PAYMENTS PTE. LTD. is relatively new, having been operational for less than a year. Companies that have been established for a longer period of time are generally considered more reliable and trustworthy.
DEFI PAYMENTS PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting DEFI PAYMENTS PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
DEFI PAYMENTS PTE. LTD. has accessible contact information online, which is a positive indicator of its credibility and transparency. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Sign In to ContinueAssociated News for DEFI PAYMENTS PTE. LTD.
S'pore lawyer says Hodlnaut has a "fighting chance" to save crypto business, repay users
Hodlnaut is not the only Singapore-based crypto company reeling from the market crash. With Three Arrows Capital, Vauld, and Zipmex all struggling as well, it’s likely that the MAS will take this into consideration while shaping crypto regulations for the future. “Prior to the crypto crash, the regulations for the industry in Singapore and most major jurisdictions were focussed on areas of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT),” says Lin. “The MAS has stated that it will look towards widening the scope of cryptocurrency regulations in Singapore to cover more areas such as consumer protection, market conduct and reserve backing for stablecoins.”
23 August 2022
MAS weighing more crypto safeguards for consumers: Tharman
The falling prices have landed some of the biggest names in the industry, including Singapore-based hedge fund Three Arrows Capital and Babel Finance, as well as exchanges Celsius Network and BlockFi, in trouble. The latest to be added to the list is Singapore-based crypto lender Vauld, which on Monday announced that it would suspend withdrawals, trading and deposits. "This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate, which has led to a significant amount of customer withdrawals in excess of US$197.7 million since June 12, 2022," the firm said.
5 July 2022
'Tragic Contagion' Spreads: Major Crypto Lender Vauld Suspends Trading After $198 Million In Customer Withdrawals
Singapore-based Vauld on Monday became the latest cryptocurrency platform to pause customer withdrawals as a result of the nascent market's steep decline over the past month, telling customers it will also explore restructuring options as analysts warn the market downtrend will likely continue until broader recession fears subside. Bitcoin fall Cryptocurrency trends Graphs and charts In a blog post early Monday, crypto lender and trading platform Vauld said it "made the difficult decision to suspend all withdrawals, trading and deposits... with immediate effect" as a result of "financial challenges" stemming from volatile market conditions. The four-year-old startup, which has raised about $27 million from investors like Coinbase Ventures, blamed bearish sentiment—fueled by the collapse of Terraform Lab's UST stablecoin, other platforms pausing withdrawals and Three Arrows Capital defaulting on its loans—for sparking "significant" customer withdrawals of $197.7 million since June 12.
SINGAPORE-BASED crypto lending and trading platform Vauld said on Monday (Jul 4) that it would suspend withdrawals and trading and seek new investors, the latest sign of stress in the embattled crypto industry. Vauld chief executive Darshan Bathija said in a blog post that it was facing “financial challenges” due to “the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate, which has led to a significant amount of customer withdrawals in excess of a US$197.7 million since Jun 12”. The crypto industry has been shaken by a series of collapses in recent months, including the failure of so-called stablecoin TerraUSD, large US-based lender Celsius network pausing withdrawals and Singapore-based crypto hedge fund Three Arrows Capital entering into liquidation.
SINGAPORE-BASED crypto lending and trading platform Vauld said on Monday (Jul 4) that it would suspend withdrawals and trading and seek new investors, the latest sign of stress in the embattled crypto industry. Vauld chief executive Darshan Bathija said in a blog post that it was facing “financial challenges” due to “the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate, which has led to a significant amount of customer withdrawals in excess of a US$197.7 million since Jun 12”. The crypto industry has been shaken by a series of collapses in recent months, including the failure of so-called stablecoin TerraUSD, large US-based lender Celsius network pausing withdrawals and Singapore-based crypto hedge fund Three Arrows Capital entering into liquidation.
Another crypto lender Vauld pauses withdrawals as market crash takes its toll
Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company said. Vauld CEO Darshan Bathija said in a blog post on Monday that the company is facing “financial challenges” due to “volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate” which has led to customers withdrawing more than $197.7 million from the platform since June 12. The Singapore-based company said it is working with its financial and legal advisors to “explore and analyse all possible options, including potential restructuring options, that would best protect the interests of Vauld’s stakeholders.”
4 July 2022
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.