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Finder.com buys struggling startup GoBear

GoBear raised $97 million before shutting down its operations earlier this year


Finder.com buys struggling startup GoBear | BEAMSTART News

Finder, a fintech company from Australia, has just acquired struggling Southeast Asian financial services comparison startup, GoBear.

The move is part of Finder's global expansion plans, and includes the acquisition of GoBear's trademark + digital assets, website content, social channels, and domains. 

Finder's founders: Jeremy Cabral and Fred Schebesta.

GoBear will exist for marketing purposes

Under the new deal, GoBear’s website content will become part of Finder, along with the company's local services.

Meanwhile, the GoBear brand will continue to operate via social media and email channels.

“Like Finder, GoBear has been committed to improving the financial wellbeing of its audience, with over 55 million people having visited its website since its launch in 2015 to make better-informed decisions,” said Frank Restuccia, Finder’s founder and global CEO.
GoBear's office and mobile app.

GoBear shut down its operations earlier this year

GoBear's acquisition comes 3 years after Finder launched in Southeast Asia.

The company presently serves over 10 million consumers globally each month, and continues its upwards trajectory of growth.

GoBear on the other hand, announced it would be shutting down its operations earlier this year due to the effects of the global pandemic, after raising a total of $97 million from investors.

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