Top 10 Startups In Singapore In 2024
Singapore's advantageous location and business-friendly atmosphere have made it a hub for creative companies. The city is home to numerous innovative businesses in 2024 that are having a significant influence on a range of industries. These startups are setting the standard with their innovative concepts and cutting-edge technologies, altering everything from the way we buy automobiles to how we make international payments.
In 2024, Singapore will still be a leading worldwide center for entrepreneurship and innovation. An exciting new wave of companies has been fostered by the city's advantageous location, robust government support, and thriving environment. These businesses are revolutionizing a number of industries, including e-commerce, healthcare, and automotive as well as fintech. Every one of these firms is generating new opportunities, solving actual issues, and bringing innovative concepts and technology to the market. These are this year's top ten noteworthy Singaporean startups.
1. Carro
Carro is an online used automobile marketplace that provides a range of car-buying services. Carro is a Singaporean startup founded in 2015 by Aaron Tan, Aditya Lesmana, and Kelvin Chng. The company employs between 251 and 500 people and works in the marketplace, e-commerce platforms, automobile, and direct sales sectors. With the help of 26 investors, including SoftBank, Endeavor Catalyst, B Capital Group, Insignia Ventures Partners, and EDBI, Carro has raised $589.5 million in fundraising over the course of 8 rounds. Visit their website.
2. Nium
A global payments platform called Nium is revolutionizing the ways in which people and companies send, receive, and use money across borders.This Singapore-based firm, which was founded in 2015 by Michael Bermingham and Prajit Nanu, is involved in the payments, fintech, finance, and financial services industries. Nium, which has between 251 and 500 employees, has raised $80 million in funding over the course of six rounds from 16 investors, including Ripple, Vertex Ventures, Temasek Holdings, Visa, and MDI Ventures. Check out their webpage.
3. PropertyGuru Group
PropertyGuru Group is an online real estate firm that oversees listings for both rentals and sales. Located in Singapore's Central Region, PropertyGuru was founded in 2006 by Jani Rautiainen and Steve Melhuish. The business, which has between 501 and 1000 employees, is involved in the real estate, rental property, e-commerce, mobile apps, and internet portal industries.
4. Moglix
Moglix is an online store selling commercial and industrial products. Moglix is a Singaporean startup based in the Central Region that serves the B2B, e-commerce, marketplace, and mobile industries. Rahul Garg founded the company in 2015. With 18 investors, including Accel, Sequoia Capital India, Tiger Global Management, International Finance Corporation, and Bessemer Venture Partners, Moglix, which employs between 500 and 1000 people, has raised $222.2 million in 7 fundraising rounds. Visit their website.
5.OSOME
OSOME is a digital business assistant that offers small and medium-sized businesses online bookkeeping services. OSOME, which was founded in 2017 by Victor Lysenko and Konstantin Lange, is based in Singapore's Central Region. The company, which has between 251 and 500 employees, specializes in the software, SMB, fintech, e-commerce, and accounting sectors. With the help of nine investors, including Target Global, AltaIR Capital, ACE & Company, Phystech Ventures, and Peng T. Ong, OSOME has raised $24.5 million in fundraising over four rounds. Visit their website.
6. Altonomy
Trading, advising, and asset management of bitcoin and other digital assets are Altonomy's areas of expertise. Based in Singapore's Central Region, Altonomy was founded in 2018 by Bo Dong and Ricky Li.
The firm operates within the cryptocurrency, financial services, and fintech industries and has a small team of 11-50 employees. Altonomy has raised $7 million in its single funding round, backed by investors Polychain and 7 Blocks. Visit their website.
7. MatchMove Pay
MatchMove Pay is a fintech company specializing in enterprise payments. Established in 2009 by Hsueh Huah Leow and Shailesh Naik, the company operates from Singapore's Central Region. With a workforce of 101-250 employees, MatchMove Pay is involved in cloud computing, e-commerce, fintech, IT, and payments industries. The company has raised $183.4 million across 11 funding rounds, supported by 9 investors including NTT DOCOMO Ventures, Vickers Venture Partners, Credit Saison, NTT Venture Capital, and Nityo Infotech Services. Visit their website.
8. Zenyum
Zenyum is a smile cosmetics company that designs products and experiences to promote dental health and spread smiles across Asia. Founded in 2018 by Frederik Krass and Julian Artopé, Zenyum operates from Singapore's Central Region and is involved in dental, healthcare, and medical industries. The company employs 11-50 people and has raised $55.1 million in 3 funding rounds, supported by 11 investors including Sequoia Capital India, RTP Global, Tekton Ventures, Surge, and Partech. Visit their website.
9. Thunes
Thunes operates a global cross-border payment network that allows money transfers to over 100 countries in 60 different currencies. Founded in 2016, the Singapore-based company operates in the financial services, fintech, mobile payments, and payments sectors. Thunes has a team of 101-250 employees and has raised $130 million in 3 funding rounds, backed by 5 investors including Checkout.com, GGV Capital, Insight Partners, Helios Investment Partners, and Future Shape. Visit their website.
10. Trax
Trax is a retail technology company offering in-store execution tools, market assessment services, and data science solutions. Founded in 2010 by Dror Feldheim and Joel Bar-El, Trax is headquartered in Singapore's Central Region. The company, which employs 1001-5000 people, operates in analytics, AI, computer vision, e-commerce, image recognition, and retail technology industries. Trax has raised $1.027 billion across 10 funding rounds, supported by 10 investors including BlackRock, SoftBank Vision Fund, Investec, Sony Innovation Fund, and Warburg Pincus. Visit their website.