Located in the heart of Southeast Asia’s bustling financial landscape, Singapore has emerged as a dynamic hub for fintech innovation. Its strategic geographic location, robust regulatory framework and progressive governmental policies have made the city-state an ideal place for finance-focused companies to succeed. From international payments to wealth management, these Singapore-based companies are shaping the future of finance.
Top Fintech Companies in Singapore
- Flywire
- Adyen
- Grab
- Wise
- Aspire
- YouTrip
- Thunes
- Endowus
Top Fintech Companies in Singapore
Xero is an all-in-one financial platform that simplifies administrative tasks like accounting and payroll, enabling small businesses to focus on growth. Xero encourages its employees in Singapore to work from its office in Chinatown, but the company’s flexible work policy allows for remote work as needed.
MarketAxess is a fintech company with an electronic trading platform for fixed income assets, such as bonds, other assets and securities that pay out a set amount of dividends or interest. Its platform allows users to trade assets electronically and access educational resources on emerging and existing markets across regions.
Grab is a super-app with a range of ride-hailing , food delivery and digital payments services. Through its Grab Financial Group , it also partners with major financial institutions like Citi, Mastercard and UOB to offer banking, lending insurance and micro-investment products to unbanked or underbanked consumers in Southeast Asian. Launched in 2018, the platform mainly focuses on the needs of individual consumers, entrepreneurs and small businesses.
Built by the co-founders of tech giants like PayPal and Skype, Wise enables international money transfers, making them cheaper, faster and more convenient. Users can send payments to more than 160 countries, hold a balance in more than 40 currencies, and make transactions using a Wise international debit card. The London-based company has offices all over the world, including one in Singapore that serves as its Asia Pacific hub.
Workiva developed a cloud platform for integrated reporting to help companies meet stakeholder demand for action, transparency and the disclosure of financial and non-financial data. The company’s SaaS solution consolidates financial reporting, ESG and governance, risk and compliance in a controlled platform prepared for audits.
Thunes powers payments for some of the world’s most prominent companies, including PayPal, Uber and Grab, allowing them to send money internationally by tapping into the growing network of mobile wallets and other alternative banking methods. In 2022 the company acquired anti-money laundering company Tookitaki, strengthening its compliance, anti-fraud and anti-money laundering capabilities. Thunes is headquartered in Singapore and has regional offices all over the world.
iCapital makes a platform for alternative investments. On its marketplace platform, financial services providers including hedge funds, wealth managers, private equity firms and alternative asset managers can access a portfolio of investment tools that they can pick and choose from to create a customized solution that serves their unique needs. One of its global offices is in Singapore.
Enfusion offers investment institutions its SaaS that provides real-time financial data to professionals such as CFOs, traders and asset managers. It aims to enhance the trading operations and eliminate information boundaries in the financial sector. The company has an office in Downtown Singapore.
CSC provides companies with services that include cybersecurity, cloud computing and big data analytics to support tax solutions.The company aims to drive digital transformation and technological innovation worldwide.
Belvedere Trading is a proprietary trading firm that functions as a market maker. Its focuses within equity index and commodity derivatives trading are pricing technology and proprietary modeling, which use data to gain legal competitive advantages. The firm has four offices around the world: three in the U.S. and an international outpost in Singapore.
Endowus is a digital advisor that assists with both private wealth management and public pension savings, enabling users to grow their money with the help of expert advice and access to institutional investment tools. Charging just a single access fee, the company offers professionally curated portfolios, money management and AI-enabled robo-advisory services to automate the investment process. And its private wealth clients have access to hedge funds, private equity, private credit, private real estate and other alternative investment options. Operating out of Singapore and Hong Kong, Endowus focuses on investors in the Asia Pacific region, where about 40 percent ($218 trillion) of total global wealth resides, according to a 2022 McKinsey report .
Singapore-based YouTrip operates a mobile app for overseas payments, with a focus on reducing the cost of foreign transactions and cross-border fees. Licensed by the Monetary Authority of Singapore, the company offers a variety of services, including foreign exchanges, remittances and multi-currency debit cards for both individuals and business accounts. YouTrip was founded in 2018, and has since processed nearly $10 billion in annualized transaction volume, according to TechCrunch.
Flywire is an international software company that makes a payments platform designed to serve B2B, education, healthcare and travel organizations. Its technology simplifies invoicing and payment processing and offers multiple integration options so that businesses can build a payment experience that best meets their needs. Flywire’s Singapore office serves as the headquarters for the company’s operations in the Asia-Pacific region.
Adyen provides businesses with a variety of fintech products that enable efficiency and growth. Its offerings range from in-person and online payment processing capabilities to a solution for sending payouts to sellers, vendors, workers and partners in more than 190 countries. The company has worked with brands like Uber, eBay, Etsy and Wix.
B2B fintech company Aspire serves more than 15,000 small-medium enterprises across South East Asia and the Asia Pacific region — offering everything from corporate credit cards to multi-currency business accounts to expense management services. Boasting $15 billion of annualized total payment volumes, the company is one of the fastest growing companies in Singapore.
BlackLine helps businesses solve finance and accounting challenges while delivering strategic business outcomes faster and with greater control. The company’s software helps organizations execute and manage financial close, intercompany and invoice-to-cash processes with end-to-end transparency and automation.
