Singapore-based online financial products comparison platform GoBear today announced the appointment of Adrian Chng as its new CEO with immediate effect.
He succeeds Andre Hesselink, who will now move back to the Netherlands and continue to be involved as a Special Advisor to GoBear and its shareholders Aegon and Walvis.
At GoBear, Chng will lead the management team with Ivonne Bojoh, Frank Stevenaar, and Marnix Zwart as the startup continues to scale the business into new products and markets.
A serial entrepreneur, Chng has earlier co-founded two fintech startups, and is also sitting on the boards of many others. Most recently, he was CEO of Fintonia, a merchant bank he founded in 2015 that invests in fintech companies in ASEAN and Hong Kong. In addition, he has also co-founded Credolab and AsiaKredit in 2016 and 2017, respectively.
“There is no doubt that faster, cheaper and easier access to basic financial services improves people’s lives. That is why I am so excited to join GoBear right now; we are in the middle of launching new products and expanding into new markets like Indonesia – we are reaching more and more people every day.”
GoBear was started in 2015 as a partnership between Aegon, a global insurance company, and Walvis, a Dutch venture capital fund. A metasearch engine, the platform make it easy for users to choose financial products like insurance, credit cards and loans.
Since its inception, GoBear has grown from its home market of Singapore to serving millions of users across Thailand, Malaysia, the Philippines, Hong Kong, Vietnam.
To date, GoBear claims to have served over 29 million users comparing over 2,000 personal finance products. It employs over 100 people with 19 different nationalities.