Singaporean tech startup offers Filipinos comparison service of loans, insurance
A tech startup from Singapore which claims to be “Asia's first and only metasearch engine for insurance and banking services” is now offering Filipinos a platform to easily compare different financial products such as insurance, credit cards and loans right from their computers or mobile phones.
The company, GoBear, launched in the country last July and reports to have already established a customer base of 200,000 active monthly users and a 70 percent increase of new users monthly, in six months.
The customers go to the site to compare personal loans, credit cards and travel insurance online. GoBear Philippines says it will also soon be expanding into car insurance, car loans, home loans and health insurance.
Users claim that through the platform, all the pains of comparing online are done away with, such that there is no sign-up required before getting quotes or information, and there are no brokers or agents who will push for products with higher commissions.
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