May 9, 2019

GoBear Announces US$80 Million in Funding

Financial Supermarket GoBear Announces US$80 Million in Funding

GoBear is Asia’s leading financial supermarket whose purpose is to improve your financial health. GoBear empowers consumers with the know-how, tools, and financial products to meet their needs.

GoBear Announces US$80 Million in Funding
GoBear Journey 
Meanwhile, GoBear has served more than 40 million users across Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. GoBear’s partners are leading financial institutions, banks and insurance providers, including Allianz Worldwide Partners, Citibank, FWD Insurance and Standard Chartered Bank.

GoBear Announces US$80 Million in Funding
What you need to know about GoBear
On the 8 May 2019, Asian financial supermarket GoBear has announced US$80 million in funding to date. GoBear will use the funds to drive growth through product and technology enhancements, expand its partner network, and fill key roles. This funding was furnished by Walvis Participaties, a Dutch venture capital fund, and Aegon N.V, a leading financial services provider. 

GoBear Announces US$80 Million in Funding
Adrian Chng, CEO of GoBear
According to Adrian Chng, CEO of GoBear said “Our latest round of funding will be invested in our priority areas of product, technology, senior management and technical talent. We are also very interested in partnering with and/or investing in other technology companies who have developed exciting new technologies that will enhance our ecosystem and our ability to improve people’s financial health. Specific areas include customer onboarding and fulfilment solutions, personal financial management, alternative credit scoring, financial education, and investment platforms”.
    GoBear Announces US$80 Million in Funding
    Gan Pooi Chan (PC), Country Director, GoBearMalaysia
GoBear’s purpose is to improve your financial health. We enable consumers to make informed choices across 14 personal financial product areas, including insurance, personal loans, deposits, and credit cards, in a simple and transparent way. Our product, technology and financial partners allow users to search for financial products and find the best match for their personal objectives,” said Gan Pooi Chan (PC), Country Director, GoBear Malaysia.

Opportunities in the region are being driven by several large, interconnected developments: world- beating economic growth, rapid urbanisation, a fast-growing middle class and mobile everywhere; the region’s digital economy alone is projected to reach S$270 billion by 2025.

GoBear Announces US$80 Million in Funding
GoBear
As the company continues to expand its Malaysia operations, GoBear Malaysia remains committed to empowering its users to make well-informed financial decisions. GoBear will definitely provide a platform’s search and match functionality will also include two strategic approaches: partnerships with, and investments into other technology companies, to acquire access to additional key technology. To know more about GoBear, here.