Singapore’s Fastest-Growing Sectors

According to an annual list of Singapore’s top 100 fastest-growing companies, the need for prepaid financial services, real estate solutions, and artificial intelligence (AI) technology is expected to rise in 2025.

Financial Services Sector Leads Growth

Financial services companies led the way, reflecting the growing need for wealth management in a dynamic economic environment. Singapore’s global expansion initiatives in 2025 strongly support this trend, making it an attractive destination for international investors.

The top-ranked financial advising firm, PFPFA, saw a 48-fold increase in income, from S$500,000 in 2020 to S$24.3 million in 2023. By 2023, Endowus, another digital wealth management business that enables customers to invest money from national retirement plans, had increased its income by more than 13 times to S$8.8 million. The company credited its success to the transition towards digital investing during the pandemic, which prompted investors to manage their money more proactively.

Real Estate Industry Experiences Significant Growth

With co-living businesses making a strong debut in the list, the real estate sector also saw considerable expansion.

• Casa Mia Coliving, a company catering to young professionals, reported a 27-fold increase in revenue, reaching S$5.5 million.
• TAP, a well-known Singaporean business providing flexible leasing options, saw sales increase by 15 times, reaching S$15 million.

Industry leaders attribute co-living’s rising popularity to its affordability, hassle-free living arrangements, and built-in social networking opportunities.

Technology Sector Surges, Led by Cybersecurity and AI

The technology sector was well-represented in cybersecurity and artificial intelligence (AI).

• Focus Digital Technology, a cybersecurity and cloud services provider, ranked second on the list. Revenue skyrocketed from just S$184,000 in 2020 to over S$6 million in 2023, a 31-fold increase. The increasing need for digital security and regulatory compliance primarily drove this surge.
• Wiz.AI, an AI-driven chatbot developer, reported a 27-fold revenue increase, reaching S$12.8 million. The company serves the banking, insurance, and e-commerce sectors and expanded its workforce from 68 employees in 2020 to 270 by 2023.

Selection Criteria for Singapore’s Fastest-Growing Companies

The Straits Times and research firm Statista surveyed to create the list of Singapore’s Fastest-Growing Companies.

To qualify, companies had to meet the following eligibility criteria:

• Be autonomous and headquartered in Singapore.
• Have generated at least S$150,000 in 2020 and S$1.5 million in 2023.
• Revenue growth was measured using the Compound Annual Growth Rate (CAGR) method, accurately reflecting continuous business expansion.
• Companies needed an average growth rate of at least 11.8% to be considered for the 2025 rankings.

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