GoBear, a Singapore-based fintech, has reportedly secured $17 million through its latest investment round. The investment brings GoBear’s total funding to $97 million.
Founded in 2014, GoBear claims to be Asia’s leading financial supermarket whose purpose is to improve financial health. The platform empowers consumers with the know-how, tools, and financial products to meet their needs.
“We believe financial health leads to secure, stable, and sustainable communities across Asia, which is why we make it our mission to improve your financial health by making financial literacy, financial inclusion, and financial security attainable for everyone.”
GoBear further reported that the investment will accelerate its transformation into a full-fledged financial services platform built on alternative data and strengthen its three growth pillars, which are an online financial supermarket, digital insurance brokerage, and digital lending.
The investment round comes just weeks after GoBear announced it acquired AsiaKredit, a Singapore-based digital lender. As previously reported, AsiaKredit offers various consumer finance products and services to underserved consumers based in the Philippines. The acquisition should notably help GoBear enable greater financial inclusion by offering lending as a service to its network of over 100 business partners, assisting them with issuing loans to underserved customers in Hong Kong and the larger Southeast Asia region.