Tech, finance and real estate are Singapore’s fastest-growing businesses

An annual list of Singapore’s top 100 fastest-growing businesses in 2025 reflects a surge in demand for financial services, real estate solutions and artificial intelligence (AI) technology.

Financial services firms led the way, reflecting increased demand for wealth management in a changeable economic landscape. A financial advisory firm, PFPFA, that topped the list saw its revenue expand over 48 times, rising from S$500,000 in 2020 to S$24.3 million in 2023. Another digital wealth management company, Endowus, which allows users to invest funds from national retirement schemes, grew its revenue by over 13 times, reaching S$8.8 million by 2023. The firm attributed its success to the pandemic-era shift towards digital investing, encouraging investors to take a more proactive approach to managing their wealth.

The real estate sector also saw notable growth, with co-living companies making a strong debut in the ranking. Casa Mia Coliving, a co-living provider targeting young professionals, saw its revenue surge 27 times to S$5.5 million. Another Singapore-based company, TAP, known for its flexible leasing options, expanded its revenue over 15 times to S$15 million. Industry leaders noted that the rising popularity of co-living stems from its affordability, hassle-free arrangements and social networking opportunities.

Technology firms, particularly those specializing in AI and cybersecurity, also featured prominently. A cybersecurity and cloud services provider, Focus Digital Technology, ranking second on the list, grew its revenue by more than 31 times from just over S$184,000 in 2020 to over S$6 million in 2023. This growth was driven by the rising need for businesses to secure digital operations and ensure regulatory compliance. Another AI-driven firm, Wiz.AI, which develops human-like chatbots for automating customer interactions, saw its revenue jump by nearly 27 times to S$12.8 million. The company started with 68 employees in 2020 and expanded to 270 by 2023, serving clients across the banking, insurance and e-commerce sectors.

Singapore’s Fastest Growing Companies list was compiled through a study by The Straits Times and research firm Statista. It highlights companies that experienced the highest revenue growth between 2020 and 2023. To qualify, firms had to be independent, headquartered in Singapore and have generated at least S$150,000 in revenue in 2020 and S$1.5 million in 2023. Revenue growth was calculated using the compound annual growth rate (CAGR) method, ensuring an accurate representation of sustained business expansion. To qualify for the 2025 ranking, companies needed a minimum average growth rate of 11.8%.