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Fintech agency GoBear has reportedly had a shuffle with two of cofounders stepping down, and the corporate having to close its Indonesian comparability enterprise. In an announcement to Advertising, GoBear CEO Adrian Chng confirmed that the corporate did just lately make adjustments inside the organisation. He added that such adjustments usually are not unusual for a progress stage firm in a quickly evolving market.
As for its Indonesian operations, he stated GoBear’ shifting from to a content material mannequin to drive monetary training domestically. He stated, “GoBear’s goal is to enhance monetary well being throughout Asia Pacific. Monetary literacy is a key problem in Indonesia and GoBear’s on-line presence inside this market is shifting to a content material mannequin to drive essential monetary training.”
In the meantime, the corporate is claimed to be specializing in long-term progress in Asia Pacific, “following profitable funding rounds.”
“We’re actively increasing our operations throughout the area and are dedicated to attaining our mission of bettering monetary well being,” he stated. The corporate was launched in early 2015, and affords over 1,800 monetary merchandise reminiscent of journey, well being and automotive insurance coverage, bank cards, and private loans. It has a presence in markets reminiscent of Singapore, Hong Kong, Malaysia, the Philippines, Thailand, and Vietnam, with Indonesia taking off a yr in the past.
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