LinkedIn Top Startups 2023: The 10 Singapore companies on the rise
The past year has been challenging for companies across sectors, marked by continued inflation, layoffs and tightened capital. And with significant drops in venture capital funding, startups have not been immune. Total funding into Southeast Asian startups fell by 71% to US$2.3 billion in H1 2023. Nevertheless, Singapore startups were able to attract the majority of these investments, securing US$1.2 billion for this period and making it the most-funded city in the region.
Our 4th annual LinkedIn Top Startups list is a testament to Singapore's agility and rapid embrace of technology, featuring 10 young companies in the city-state that are growing fast and gaining attention. These are the startups that have trailblazed their way through recent economic and workplace challenges — and managed to stand out to investors and top talent along the way.
To compile the list, we looked at LinkedIn data across four pillars: employee growth; jobseeker interest; member engagement with the company and its employees; and how well these startups pulled talent from our flagship LinkedIn Top Companies list. (You can learn more about our methodology and eligibility requirements at the bottom of this article.)
This list is ultimately meant to be a resource for you. At each company, you’ll find actionable insights on the roles, skills and functions in demand. See a startup that sparks your interest? Connect with employees you may know at each company, or turn on job alerts to stay on top of future opportunities.?
Here are this year’s 10 Top Startups in Singapore. — and join the conversation using #LinkedInTopStartups.
Full-time headcount: 435 | Headquarters: Singapore | Year founded: 2018 | Most common skills: Digital Literacy, Business Management, Leadership | Most common job titles: Business Development Representative, Product Manager, Banking Analyst | Largest job functions: Sales, Business Development, Finance | What they do: Aspire is a financial operating system that enables companies to pay, manage, and earn through an all-in-one platform. It caters to Southeast Asian entrepreneurs with a suite of services, including bank accounts for cross-border businesses, corporate cards, and automated invoice processing.
Full-time headcount: 140 | Headquarters: Singapore | Year founded: 2018 | Most common skills: Digital Literacy, Development Tools, Project Management | Most common job titles: Compliance Manager, Software Engineer, Product Manager | Largest job functions: Engineering, Legal, Customer Success and Support | What they do: YouTrip is a fintech startup offering a mobile financial platform designed for overseas payments, with a focus on reducing foreign transaction and cross-border fees. The platform features a multi-currency mobile wallet that grants users access to a wide range of over 150 currencies, enabling convenient currency exchange while on the move.
Full-time headcount: 580+ | Headquarters: Singapore | Year founded: 2017 | Most common skills: Digital Literacy, Business Management, Leadership | Most common job titles: Software Engineer, Healthcare Assistant, Product Manager | Largest job functions: Healthcare Services, Business Development, Operations | What they do: Founded as a telemedicine platform in 2017, Doctor Anywhere is a tech-led healthcare company delivering services regionally.?
Full-time headcount: 165 | Headquarters: Singapore | Year founded: 2020 | Most common skills: Digital Literacy, Data Science, Project Management | Most common job titles: Product Manager, Marketing Executive, Office Associate | Largest job functions: Operations, Engineering, Product Management | What they do: GetGo Carsharing is a car-sharing service that operates on a pay-per-use model. Its primary objective is to alleviate the expenses and inconveniences associated with car ownership, offering the convenience of driving a car whenever required.
Full-time headcount: 1,400+ | Headquarters: Singapore | Year founded: 2016 | Most common skills: Business Management, Digital Literacy, Project Management | Most common job titles: Project Manager, Engineer, Tax Manager | Largest job functions: Finance, Engineering, Program and Project Management | What they do: Advance Intelligence Group is an AI tech startup with a diverse portfolio of products, including buy-now-pay-later platform Atome, e-commerce intelligence platform Ginee, and risk-management platform ADVANCE.AI.
Full-time headcount: 440 | Headquarters: Singapore | Year founded: 2017 | Most common skills: Business Management, Digital Literacy, Leadership | Most common job titles: Account Executive, Product Manager, Accountant | Largest job functions: Sales, Business Development, Customer Success and Support | What they do: Sleek is a digital corporate service provider that is focused on modernising conventional corporate and accounting procedures. Through its platform, business owners can register their companies and oversee aspects such as payments, accounting, tax compliance, and governance.
Full-time headcount: 150 | Headquarters: Singapore | Year founded: 2017 | Most common skills: Development Tools, Digital Literacy, Data Science | Most common job titles: Software Engineer, Product Manager, Client Services Analyst | Largest job functions: Engineering, Finance, Product Management | What they do: Endowus is a fintech company that provides data-driven wealth portfolios to individual and institutional investors through its robo-adviser, providing access to financial products. It is one of the first digital advisors to help users invest from their social security savings scheme, also known as the Central Provident Fund.
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Full-time headcount: 110 | Headquarters: Singapore | Year founded: 2017 | Most common skills: Development Tools, Business Management, Digital Literacy | Most common job titles: Product Design Consultant, Product Manager, Quality Assurance Engineer | Largest job functions: Engineering, Finance, Arts and Design | What they do: ADDX is a digital securities trading platform that enables individuals to invest in alternative assets like private equity, hedge funds, venture capital, and digital assets.
Full-time headcount: 120 | Headquarters: Singapore | Year founded: 2019 | Most common skills: Digital Literacy, Project Management, Digital Marketing | Most common job titles: Product Manager, Business Operations Manager, Business Operations Analyst | Largest job functions: Product Management, Finance, Operations | What they do: Syfe is a digital wealth manager commonly known as a robo-adviser.
Full-time headcount: 300 | Headquarters: Singapore | Year founded: 2016 | Most common skills: Business Management, Digital Literacy, Leadership | Most common job titles: Software Engineer, Director of Business Development, Product Team Manager | Largest job functions: Business Development, Information Technology, Finance | What they do: Thunes is a global payments startup that offers a cross-border payments platform, facilitating businesses and customers in sending and receiving payments across the world.
You can also check out the Top Startups in Australia, Brazil, Canada, France, Germany, India, Indonesia, Ireland, Israel, Italy, Mexico, Netherlands (Dutch & English), Saudi Arabia, Spain, Sweden (Swedish & English), Türkiye, the UAE, the UK. and the U.S.
Methodology
LinkedIn measures startups based on four pillars: employment growth, engagement, job interest and attraction of top talent. Employment growth is measured as percentage headcount increase over methodology time frame, which must be a minimum of 10%. Engagement looks at non-employee views and follows of the company’s LinkedIn page, as well as how many non-employees are viewing employees at that startup. Job interest counts rate at which people are viewing and applying to jobs at the company, including both paid and unpaid postings. Attraction of top talent measures how many employees the startup has recruited away from any global LinkedIn Top Company, as a percentage of the startup’s total workforce. Data is normalized across all eligible startups. The methodology time frame is July 1, 2022 through June 30, 2023.?
To be eligible, companies must be fully independent, privately held, have 50 or more full-time employees, be 7 years old or younger and be headquartered in the country on whose list they appear. We exclude all staffing firms, think tanks, venture capital firms, law firms, management and IT consulting firms, nonprofits and philanthropy, accelerators and government-owned entities. Startups who have laid off 15% or more of their workforce based on corporate announcements or public, reliable sources between July 1, 2022 and the list launch, are not eligible. These decisions are made by the LinkedIn News team based on company statements and/or reputable news outlets.
About company insights
*Company insights were sourced from LinkedIn Talent Insights. Data reflects aggregated public member data from active LinkedIn profiles in the relevant country and includes full-time employee profiles associated with the company on LinkedIn. We exclude members who identify as part-time or contractors. Headcounts are provided by the companies directly, unless otherwise noted with an asterisk. Those headcounts are based on LinkedIn data. All insights reflect a 12-month time period looking back from July 2023.Skills data was derived from measuring the most frequent skills among a company’s employees. Most common job titles represent the occupations that are most common within each company. Largest job function measures the function area most prevalent within each company.
Reported and proofread by: Adrian Tay
Methodology and insights by: LinkedIn Economic Graph team
Special Projects Leads: Natalie MacDonald (APAC), Michele Pierri (International), Juliette Faraut
Managing Editor: Satoshi Ebitani
Regional Lead: Pooja Chhabria
International Executive Editor: Sandrine Chauvin
Honoree companies: 1. Aspire | 2. YouTrip | 3. Doctor Anywhere | 4. GetGo Carsharing | 5. Advance Intelligence Group | 6. Sleek | 7. Endowus | 8. ADDX | 9. Syfe | 10. Thunes
Sales Manger, Heat Exchanger at SANWA TESCO CO. LTD ( PUEQU Group)
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1 年Thanks Adrian Tay for your article. Let me share some thoughts. Startups play a crucial role in driving innovation, economic growth. Not all startups are created equal. To determine the potential for success, investors, stakeholders, need to consider some critical aspects: ? Assessing Startup Leadership: 1. Founder's Vision with a compelling vision 2. Team Composition - Diversity, expertise 3. Adaptability, open mindset, humbleness 4. Effective decision-making is vital, with clear governance 5. Market Knowledge ? Assessing Technology Leveraging: 1. Technological Alignment with Business Goals 2. Culture of innovation 3. Scalability 4. User-Centric Approach 5. Security, Data Privacy ? Company Culture: 1. Values, strong ethical foundation is crucial for building trust with stakeholders, customers 2. True Collaboration, open Communication 3. Employee Satisfaction ? Assessing a startup's leadership, its ability to leverage technology, and the company's culture is essential for making informed investment decisions or gauging a startup's potential for success. A strong company culture can be a powerful driver of long-term success.
EV & Heavy Equipment in Mining | Member of Expert Council Pertaabi (Indonesia Heavy Equipment Expert Association)
1 年On the editor's request, my thought on evaluating if a startup can success: it is the Trustworthiness. ? - Trustworthiness from the customer on the product/service being offered; on the cost being charged; on the deliverables’s delivery method being applied. Meet the need. Sustainable market. - Trustworthiness from the startup’s employees on the engagement. Sustainable startup operation. - Trustworthiness on to the startup leader on vision, mission and daily operation. Sustainable startup life. Trust from the market will ensure the sustainability of the startup, trust within the startup will ensure the operation. And the circle is going...