Singapore is a leading hub for fintech in Southeast Asia, boasting the region’s largest and most developed fintech ecosystem. The city-state accounts for about 40% of all fintech companies and approximately 50% of total fintech funding in ASEAN, according to the Fintech in ASEAN reports by UOB, PwC Singapore and the Singapore Fintech Association.
The ecosystem has grown because of Singapore’s strong infrastructure, skilled workforce, and strategic location. Moreover, strategic initiatives, robust regulatory framework, and supportive government policies have contributed to its burgeoning fintech ecosystem by promoting innovation and fostering a conducive environment for fintech growth.
As fintech continues to grow and evolve in Singapore, several startups are rising to prominence, attracting notable customers and investors. Today, we look at 20 rapidly growing fintech startups in Singapore for 2024.
These ventures stand out for having witnessed considerable growth and securing partnerships with notable players. They are poised for further growth and should be watched closely in the coming years.
Coda Payment
Founded 2011 | 
Founded in 2011, Coda Payments brings over a decade of experience managing the complexities of monetization and content discovery in gaming and beyond. The company offers channel, platform, and payment solutions, including Codapay, which offers direct payment integration on publishers’ websites; Codashop, the preferred destination for in-game content purchases for millions of gamers worldwide; and xShop, which makes their content available on a range of e-commerce platforms.
NIUM
Founded 2016 |
Nium is a leader in real-time, cross-border payments, providing banks, fintechs, and businesses with a payment infrastructure for them to collect, convert, and disburse funds instantly across borders. Nium is valued at US$1.4 Billion with latest US$50 million Series E fundraise led by a sovereign wealth fund in Southeast Asia and includes previous investors BOND, NewView Capital, and Tribe Capital. Nium’s payout network supports 100 currencies and spans 220+ countries, 100 of which are in real-time, and funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets.
Advance Intelligence Group
Founded 2016 |
Advance Intelligence Group is a technology company in Asia-Pacific (APAC) that leverages technology and partnerships to provide innovative products and services to consumers, enterprises, and merchants. Advance Intelligence Group’s enterprise business, Advance.ai, and Ginee provide enterprise digital identity, compliance, and risk management solutions and omnichannel merchant services solutions, while its consumer business, Atome Financial, provides buy now pay later (BNPL) and digital lending products.
Bolttech
Founded 2020 |
bolttech is an international insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. The startup powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products, and serves customers in 35+ markets across North America, Asia, Europe and Africa,
Funding Societies
Founded 2015 |
Funding Societies is Southeast Asia’s largest digital financing and debt investment platform for small and medium-sized enterprises (SMEs). The company is in Singapore, Indonesia, Thailand, Malaysia, and Vietnam and provides US$1 billion annually in business financing.
Aspire
Founded 2018 |
Aspire, founded in 2018, is an all-in-one finance software for growing businesses. The company serves over 15,000 companies in Asia and beyond, helping them save time and money with multi-currency accounts and cards, expense management, payable management, and receivable management solutions.
Spark Systems
Founded 2016 |
Spark Systems builds fast, smart, and efficient trading platforms. From local banks to hedge funds and retail traders to corporate treasuries, Spark Systems aims to serve specific requirements of the various foreign exchange (FX) trading subgroups, helping improve trading efficiencies and enhance usability.
STACS
Founded 2019 |
STACS is a leading environmental, social, and governance (ESG) data and technology company headquartered in Singapore. The company’s ESGpedia platform powers the ESCAP Sustainable Business Network (ESBN) Asia-Pacific Green Deal digital platform, the ASEAN Single Accesspoint for ESG Data (SAFE) initiative, and the Singapore-Australia Go-Green Co-Innovation Program.
2C2P
Founded 2003 |
2C2P is a full-suite payments platform helping the world’s leading enterprises securely accept and make payments through one point of integration. Its far-reaching network extends across online, mobile, and offline channels, including over 400,000 alternative payment locations, enabling enterprises to reach their customers or recipients anywhere.
GxS
Founded 2020 |
GXS Bank, a banking consortium backed by Grab and Singtel, launched in 2022 to enhance banking services for everyday consumers and SMEs in Singapore, focusing on underserved individuals and enterprises. The bank aims to promote financial inclusion and drive a financial revolution through the secure and ethical use of technology and data.
MariBank
Founded 2021 |
MariBank, Sea Group’s Singapore-based digital banking subsidiary, offers a comprehensive mobile banking application that facilitates personal and business banking. For registered business owners, MariBank provides the Mari Business Account and Mari Business Loan, offering attractive interest rates and financing with zero banking fees.
StraitsX
Founded 2015 |
StraitsX, a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), is a payment infrastructure for digital assets in Southeast Asia and a stablecoin issuer. The company offers personal and business accounts to transfer and hold funds and connect accounts to digital asset platforms.
StashAway
Founded 2016 |
StashAway is an intelligent investment management platform that operates in Singapore, Malaysia, the Middle East, North Africa (MENA), Thailand, and Hong Kong. The company offers managed investment portfolios based on a customer’s risk profile and cash management solutions, so they never leave their cash idle in a bank savings account.
Youtrip
Founded 2016 |
Launched in 2018, YouTrip is a mobile financial platform that offers a multi-currency mobile wallet and a contactless Mastercard to make payments in over 150 currencies with no fees. YouTrip originates from Singapore, Thailand, Hong Kong, and other parts of Southeast Asia and is committed to being a trusted companion for travelers and digital-savvy consumers.
ADDX
Founded 2017 |
ADDX is an investment platform that offers access to world-class private market investments in fractions made possible with blockchain technology. The company, which has raised US$140 million in funding, serves individual accredited investors from 39 countries spanning APAC, Europe, the Middle East, and the Americas (except the US), and wealth managers and corporate investors through its institutional service, ADDX Advantage.
Validus
Founded 2015 |
Since its inception in 2015, Validus has disbursed over US$3 billion in loans to small businesses across Southeast Asia, including Indonesia, Singapore, Thailand, and Vietnam. It has secured US$10 million in debt financing from debt finance provider Lendable and US$17.57 million in debt financing from Oikocredit and FMO to support small and medium-sized enterprises (SMEs) in Indonesia. The company has developed a seamless digital lending platform that simplifies the borrowing process for SMEs, making it easier for them to access the funds they need.
Partior
Founded 2021 |
Partior is a financial technology platform leveraging blockchain to transform financial market infrastructure, established as a joint venture between Temasek, DBS, JPMorgan, and Standard Chartered. Key features include a unified ledger for streamlined settlement, real-time cross-border payments, atomic settlement capabilities, interoperability with various asset and currency networks, and 24/7 availability.
Marketnode
Founded 2021 |
Marketnode, established as a joint venture between Singapore Exchange (SGX) and Temasek, is a financial market infrastructure provider leveraging distributed ledger technology (DLT) to enhance capital markets workflows. It supports multi-asset classes, improves operational efficiency, enables asset tokenisation for new distribution channels and liquidity, and facilitates digital bond issuance using smart contracts. Marketnode operates two flagship platforms: Gateway, a one-stop, end-to-end platform that enables market participants to accelerate workflows, lower time to market, and capitalise on the transformative potential of tokenisation; and Fundnode, Singapore’s blockchain-based fund infrastructure that provides the funds ecosystem with a single platform for transaction management, funds processing, and record-keeping.
Igloo
Founded 2014 |
Igloo, a Singapore-based insurtech company, focuses on making insurance accessible and affordable through technology. It offers a range of insurance products like transit and gadget insurance, utilising big data and AI for risk assessment and automated claims management. Igloo partners with over 70 insurers and distributors in Southeast Asia, including Etiqa, Sompo Insurance, and Chubb. The company has received recognition for its innovation in the industry.
Amber
Founded 2017 |
Amber Group is a digital finance company offering comprehensive solutions for digital assets. They provide institutional-grade asset management, bespoke wealth management, and secure transactions through blockchain technology.
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