IN A span of 6 short months, GoBear has built a strong foundation in the Philippines with 200,000 active monthly users and a 70% increase of new users month over month, who compare personal loans, credit cards, and travel insurance online.
This financial technology startup from Singapore has not only touched base with the need of Filipinos to find relevant information online, but it has diligently advocated to work with all major banks in the Philippines to bring their businesses from offline to online.
Led by Country Director Rommel Torres, GoBear Philippines aims to be a different tune when it comes to startups.
“We run our business to change the financial landscape in personal banking and insurance. GoBear is different because it does not run on commission, making it impossible to influence the results on the website. In using www.gobear.com.ph, company A and company B may offer insurance at the same price, but if you look further into the details, one offers much less benefits than the other. You get the best value for money this way when you compare before you commit,” he said.
For users, GoBear Philippines has removed all the pains of comparing online: no sign-up required before getting quotes or information and no broker or agent who will push for products with higher commissions. The brand is all about promoting financial literacy and transparency in a country where most consumers are discouraged to get a loan or credit card because of the long unnerving approval process.
For more information about GoBear, please visit gobear.com.ph and follow the #GoBearPH journey on the official GoBear Facebook page facebook.com/ gobearphilippines .