GoBear partners with Mambu and CredoLab; expansion in the Philippines imminent in 2020

Source: IBS Intelligence 2020-07-02

GoBear, a Singapore-based financial services platform, will partner with Mambu, a cloud banking platform headquartered in Berlin, and Singapore’s credit-scoring FinTech – CredoLab. The collaboration arises as GoBear aims to accelerate its lending business across Asia.

Mambu’s composable banking solution will form the core system in GoBear’s lending architecture to expand in the Philippines in 2020, with additional markets to follow.

GoBear’s Chief Lending Officer, Mike Singh encapsulated, “Having access to responsible credit should be a financial right for all. Tapping into fintech solutions like Mambu and CredoLab’s brings us one step closer to making this a reality for the region’s 296 million unbanked or underbanked.”

GoBear first launched in 2015 as a metasearch engine and has since grown to be a financial services platform that offers consumers a one-stop platform to search and buy products. To date, the company has served over 55 million users searching for more than 2,000 personal finance products.

Myles Bertrand, Mambu’s Managing Director APAC enunciated, “In less than five years of operation, GoBear has built a stellar reputation as a leading financial services platform and we envisage great things for the company as it continues to build its lending business. Our cloud-native technology allows GoBear to transform, add new products and grow while maintaining its reputation for outstanding customer service.”

Mambu’s partnership with GoBear was established after a recommendation from long-term Mambu partner CredoLab, which also works with GoBear.

Peter Barcak, CredoLab’s CEO elucidated, “CredoLab’s light mobile SDK, easy to integrate API, and accurate credit score have already been chosen by over 70 banks and lenders globally. Our ability to generate a credit score for customers who cannot prove their creditworthiness in the conventional financial system makes us uniquely positioned to support GoBear as they diversify their business and move into lending in a controlled way.”

GoBear

Mambu

CredoLab

GoBear partners with Mambu and CredoLab; expansion in the Philippines imminent in 2020

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