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
7 Top Fintech Companies in Singapore
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.
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.
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.
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.
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.
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 .