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18 Top Startups in Singapore (2024)

Are you looking to learn more about Singapore's fast-growing startup ecosystem?

Do you want to know which innovative startups are emerging and succeeding in a city known for its cutting-edge technology sector?

Then this blog post is perfect for you! We'll be taking an in-depth look at some of the top startups that have come out of Singapore, exploring their unique offerings and what sets them apart from the competition.

Singapore's startup ecosystem is ranked 6th in the world.- Source: StartupBlink

From FinTech companies transforming financial services models to futuristic eCommerce solutions striving toward convenience, discover why these Singaporean startups need to be on your radar.

Top Startups in Singapore

Top Startups in Singapore (2024-List)

Here are some of the top startups in Singapore:

1. Zilingo

Founders: Ankiti Bose, Dhruv Kapoor

Total Funding Amount: $347.9M

Founded Year: 2015

Singapore is quickly becoming the hub for startups in Southeast Asia, and Zilingo is leading the charge in the fashion and beauty industry. The commerce platform is utilizing technology to streamline the supply chain and make it more efficient. By doing so, Zilingo is changing the way retailers and wholesalers operate in the region. Moreover, Zilingo's smart business model enables it to continuously evolve and cater to the needs of its customers.

2. Matrixport

Founders: Daniel Yan, Jihan Wu, Yuesheng Ge

Total Funding Amount: $138M

Founded Year: 2019

As one of the leading digital assets financial services providers in Singapore, Matrixport offers a suite of tools and services to help users stay ahead of the game. Whether you are an experienced trader or a new investor, Matrixport has the resources and expertise to help you reach your financial goals.

3. Thunes

Total Funding Amount: $202M

Founded Year: 2016

Thunes is a Singapore-based startup that is revolutionizing cross-border payments across the world. With its global payment network, Thunes enables customers to transfer funds seamlessly to more than 130 countries in over 80 currencies. Its user-friendly approach to payments and focus on innovation has made Thunes a go-to option for individuals and businesses looking for a hassle-free way to transfer money worldwide.


Founders: Ethan Lin, Eric Gnock Fah, Bernie Xiong

Total Funding Amount: $721.5M

Founded Year: 2014

KLOOK is a platform that lets you book unique experiences and attractions on the go. Whether you want to explore Singapore's bustling streets or venture out into the breathtaking countryside, KLOOK has got you covered. With the convenience of booking everything directly through their app, you can easily plan your itinerary and make the most of your time in Singapore.

5. Moglix

Founders: Rahul Garg

Total Funding Amount: $472.2M

Founded Year: 2015

This e-commerce platform offers a vast selection of products, from MRO and safety equipment to office supplies and cleaning solutions. Moglix is committed to providing a seamless online shopping experience for its customers, with a focus on reliability, affordability, and quality.

6. Mirxes

Founders: Zhou Lihan, Zou Ruiyang

Total Funding Amount: $218M

Founded Year: 2014

Mirxes is a game-changing biotechnology company that is revolutionizing the healthcare landscape in Singapore. Boasting an impressive track record in discovering, developing, and delivering preventive solutions for cancer, cardiovascular, metabolic and infectious diseases, Mirxes is fast becoming a household name in the biomedical community.

7. Nansen

Founders: Alex Svanevik, Evgeny Medvedev, Lars Bakke Krogvig

Total Funding Amount: $88.2M

Founded Year: 2020

This blockchain analytics platform has been garnering attention for its innovative approach to on-chain data analysis. By enriching data with millions of wallet labels, Nansen is helping crypto investors discover opportunities, perform due diligence and defend their portfolios with real-time dashboards and alerts.

8. ShopBack

Founders: Bryan Chua, Henry Chan, Joel Leong, Lai Shanru

Total Funding Amount: $355M

Founded Year: 2014

ShopBack Is a one-stop lifestyle portal that empowers consumers to make smarter purchase decisions. With a wide array of products and services available, ranging from fashion and beauty to travel and electronics, ShopBack is quickly becoming a go-to platform for savvy shoppers looking to maximize their savings.

9. PatSnap

Founders: Guan Dian, Jeffrey Tiong, Ray Chohan

Total Funding Amount: $351.6M

Founded Year: 2007

PatSnap is an innovative platform that is changing the game when it comes to IP and R&D intelligence, thanks to its connected approach to innovation. With PatSnap, businesses of all sizes can access the information they need to make smart decisions, whether they're looking to improve their existing products or create something brand new.

10. Funding Societies

Founders: Kelvin Teo, Reynold Wijaya

Total Funding Amount: $560.1M

Founded Year: 2015

As an SME digital financing and debt investment platform, Funding Societies has been helping small businesses across Singapore secure the funds they need to grow and thrive. With a simple and user-friendly interface, Funding Societies offers a range of financing options, from short-term loans to invoice financing, all designed to meet the needs of SMEs.

11. Aspire

Founders: Andrea Baronchelli, Giacomo Ficari, Giovanni Casinelli, Joel Leong, Stefano Pellegrino

Total Funding Amount: $299.5M

Founded Year: 2018

Offering a range of services such as earnings management, payment processing, and streamlined expense tracking, Aspire is a one-stop platform for all your financial needs. Perfect for small businesses and freelancers looking for an intuitive, user-friendly solution to their financial management, it's no wonder why Aspire is quickly gaining traction in Singapore and beyond.

12. Coda Payments

Founders: Neil Davidson, Paul Leishman

Total Funding Amount: $715.3M

Founded Year: 2011

Coda Payments is a dynamic startup in Singapore that is rapidly gaining a reputation as a go-to firm for digital content providers. Their innovative platform allows these providers to monetize their products and services in more than forty markets, leveraging their technology and expertise to unlock new revenue streams.

13. Airalo

Founders: Abraham Burak, Ahmet Bahadır Özdemir

Total Funding Amount: $67.3M

Founded Year: 2019

Airalo is the go-to solution for tech-savvy travelers looking for a hassle-free way to stay connected while on the move. With its innovative eSIM store, Airalo makes it easy for globetrotters to obtain eSIMs at affordable rates, without having to deal with the inconvenience of physical SIM cards. A startup based in Singapore, Airalo is quickly gaining traction among travelers looking for a convenient and cost-effective way to stay online while exploring the world.

14. LingoAce

Founders: Hugh Yao

Total Funding Amount: $180M

Founded Year: 2017

LingoAce, an ed-tech startup based in Singapore, is transforming the way young learners approach language learning. Unlike traditional academics, LingoAce is committed to providing a dynamic and engaging environment to children between the ages of 3 and 15. The company believes that by making language learning a fun and interactive experience, children are more likely to embrace the joy of learning.

15. BandLab

Founders: Meng Ru Kuok, Steve Skillings

Total Funding Amount: $90M

Founded Year: 2014

This cloud platform has revolutionized the way that musicians and fans interact with each other. With BandLab, it's possible to create music, collaborate with others across the globe, and connect with fellow music lovers in ways that were once impossible. Whether you're just starting out in the music industry or you're an established professional, BandLab offers a wealth of tools and resources that can help you take your music to the next level.

16. InVideo

Founders: Anshul Khandelwal, Harsh Vakharia, Pankit Chheda, Sanket Shah

Total Funding Amount: $52.5M

Founded Year: 2017

InVideo is an innovative startup based in Singapore that is changing the game when it comes to video creation. By utilizing AI technology, InVideo is making video creation more accessible to everyone. The possibilities are endless with InVideo, whether you're creating a video for personal use or for your business. With many intuitive features and an easy-to-use interface, InVideo is perfect for any video creator, regardless of skill level.

17. Endowus

Founders: Gregory Van, Samuel Rhee

Total Funding Amount: $79.4M

Founded Year: 2017

Endowus is an innovative startup that focuses on advising your Central Provident Fund (CPF), Supplementary Retirement Scheme (SRS), and cash savings. With a team of experienced financial advisors and cutting-edge technology, Endowus provides personalized investment portfolios tailored to your specific needs and preferences.

18. Validus

Founders: Ajit Raikar, Nikhilesh Goel, Vikas Nahata

Total Funding Amount: $82.3M

Founded Year: 2015

Validus connects small and medium enterprises with funding from high-net-worth individuals and institutional investors, providing accessible and affordable financial solutions to help businesses thrive. With its forward-thinking approach, Validus is paving the way for a new era of financial inclusivity, empowering SMEs to achieve their goals and drive economic growth in the region.

Most Asked Questions

1. Is Singapore good for startups in 2024?

Singapore is known for its business-friendly environment and its commitment to fostering startup growth. With a plethora of resources available, such as government grants and incubators, Singapore has become a hot spot for innovative businesses to thrive. In addition, its strategic geographic location and robust infrastructure make it an ideal hub for accessing markets in Asia and beyond. So, is Singapore good for startups? The answer seems to be a resounding yes. If you're seeking a supportive and thriving ecosystem to launch and grow your business, Singapore just might be the place for you.

Singapore is a thriving hub for tech startups. The city-state is home to around 4,000 tech startups, more than 220 incubators and accelerators, over 400 venture capital managers, and an estimated 700 family offices. - Source: Startup Genome

2. What are the most successful startups in Singapore?

With the startup scene in Singapore rapidly growing, it can be challenging to pinpoint the most successful ones in the scene. However, companies such as Zilingo, Matrixport, Thunes, and Mirxes have proven to be some of the top startups that have made a significant impact thus far.

3. What are the advantages of starting a business in Singapore?

Singapore is widely regarded as one of the best places to start and grow a business, thanks to its numerous advantages. For starters, Singapore's strategic location and pro-business policies make it an ideal hub for businesses looking to expand into the Asia-Pacific region. The country's robust infrastructure, advanced technology, and talented workforce are some other reasons why businesses thrive in Singapore. Additionally, the government provides support and incentives to help businesses get off the ground and grow. Overall, the advantages of starting a business in Singapore are too numerous to ignore.

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