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.
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.
|What you need to know about 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’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.