Singapore fintech GoBear folds business after six years
It is unable to raise more funds to continue operations amid pandemic
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FINANCIAL services firm GoBear on Tuesday announced that it will close the business after six years due to its inability to raise more funds to continue operations amid the global pandemic.
In a statement, the fintech said Covid-19 has made the operating and fund-raising environment "very challenging", despite the firm having made progress in its growth and transformation plans in 2020.
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