Singapore fintech GoBear folds business after six years
It is unable to raise more funds to continue operations amid pandemic
Add BT as a preferred source
Singapore
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.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Germany, Spain push back on European plan to ban Huawei gear
