RememBear is shutting down in July 2023. The password manager service was launched by TunnelBear Inc.,
in 2017.
The VPN provider was
acquired by McAfee in 2018.
An article published on the company's blog explains what went wrong. It reveals that the password manager never really took off, primarily due to competition from rival services. RememBear says that people who were already using a different provider were unwilling to switch to a new service. This applies to any password manager, especially ones that have a premium subscription.
The company realized that it wasn't attracting enough users after a period of 5+ years, and instead of merely halting the development of the software putting its users at risk, decided to cease its services. This could have been a business decision by its parent company, McAfee, but that's purely speculative.
RememBear has already stopped selling premium subscriptions, and users with an active subscription will no longer be charged automatically. It has also confirmed that it will not add any new features to its apps, but has reassured that it will provide bug fixes and patch security issues until July 2023.
All free user accounts will be upgraded to Premium automatically at no extra charge. Existing subscribers will get a prorated refund within 5-10 business days. Please refer to the official
announcement for more details.
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