GoBear, the Singapore-based operator of an online financial comparison platform, has raised a total of $80m in funding from insurance supplier Aegon and venture capital fund Walvis Participaties.
Approximately $30m of the funding was raised this year, according to DealStreetAsia, though the company has not revealed details of any previous funding.
Founded in 2014, GoBear runs an online platform that enables users to explore and compare loan, credit card and insurance products supplied by partners including Allianz Worldwide Partners, Citibank, FWD Insurance and Standard Chartered Bank.
More than 40 million customers across Hong Kong, Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam use the platform.
GoBear chief executive Adrian Chng 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.”