GoBear, a Singapore-based financial services platform, raised US$17M in fifth funding.
Backers included existing investors Walvis Participaties and Aegon N.V.
The company intends to use the funds to accelerate development of its financial services platform.
Led by Adrian Chng, CEO, GoBear provides an alternative data powered financial services platform for insurance, banking and lending products. Alternative data – including consumer behaviour and digital footprints – gives the company insights to assess and price risk, work with partners to identify market gaps, and cocreate financial products. Having commenced in Singapore since early 2015, the company is now in 7 markets: Hong Kong SAR, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. To date, GoBear has served over 55 million users searching for more than 2,000 personal finance products.