GoBear Raises $80M

“Asian financial supermarket” GoBear  has raised $80m from Walvis Participaties and Aegon N.V.

Founded in 2014, GoBear was launched as a partnership between Aegon and Walvis, a Dutch venture capital fund. Originally staffed by three people, the company now employs over 155 people according to LinkedIn. The company has served more than 40m users across Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, and has partnerships with financial institutions, banks and insurance providers, including Allianz Worldwide Partners, Citibank, FWD Insurance and Standard Chartered Bank.

“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 on-boarding and fulfillment solutions, personal financial management, alternative credit scoring, financial education, and investment platforms.” – CEO of GoBear, Adrian Chng.