Companies in construction, fintech and IT among fastest-growing in Singapore

SINGAPORE - Construction and engineering, fintech, and IT and software firms came out tops in an annual list compiling the

100 fastest-growing companies in Singapore

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Companies from these sectors accounted for 39 per cent of the list compiled by The Straits Times and global research firm Statista. The firms offer a range of established services, such as solar engineering, digital wealth management and cloud communications.

The list, released on Jan 20, also included companies in the manufacturing, hospitality and automotive sectors.

Singapore’s Fastest Growing Companies is a list of 100 companies here that achieved a high percentage growth in revenues between 2021 and 2024.

Part of the criteria to be considered is that the companies are headquartered in Singapore, and have at least $150,000 of revenue generated in 2021 and $1.5 million in 2024.

These revenues must also be organic, or generated through the businesses’ own operations and resources, rather than through external means like mergers, acquisitions or partnerships.

Strong demand for construction services

Topping the list in 2026 is solar engineering, construction and procurement firm Clean Kinetics, which saw its revenue grow 42 times from $365,000 in 2021 to $15.3 million in 2024. This is the first time the four-year-old company has made the list.

Clean Kinetics has completed some 180 projects in Singapore, with clients that include car distributor Tan Chong Motors and the Land Transport Authority.

To date, it has installed more than 114,000 solar panels, which generate 78GWh of green energy annually – enough to power 18,000 four-room Housing Board flats for a year.

“Clean Kinetics’ strong growth over the past four years has been enabled by a solid team, swift decision-making, and the strong leadership of our chief engineering officer Wilson Lee, which has sharpened our focus and pace of execution,” said Mr Lee Kah Lup, the company’s chief development officer.

Another construction company that made the list is Conexus Studio. The office interior design company, which counts names such as BBC Studios, Hitachi Asia and Sony among its clientele, saw its revenue more than triple from $13.8 million in 2021 to $45 million in 2024.

Mr Roohid Novinrooz, director of client strategy at Conexus, said that demand for construction and fit-out services in Singapore is rising.

“What we’re seeing is not a simple volume rebound but a structural shift – organisations are moving ahead with projects that were previously paused because of the Covid-19 pandemic. while at the same time rethinking what they are building and why,” he said.

“Clients are less interested in transactional delivery and more focused on outcomes – certainty, adaptability and the long-term performance of their assets... That is where we see the market heading, and it’s also where much of the growth is concentrating.”

Conexus and Clean Kinetics were among nine construction and engineering companies on the 2026 list.

Fintech sector remains robust

There were 13 fintech companies on the 2026 list, compared with 12 in 2025.

On the list for the first time is investment platform Syfe. The company, which also has operations in Hong Kong, Australia and India, saw its revenue grow more than seven times from $1.7 million in 2021 to $12.4 million in 2024.

Syfe founder and chief executive Dhruv Arora said that the company has seen “tremendous growth” since 2019.

“Year after year, that demand has grown as more people recognise the opportunity cost of idle cash savings and are choosing to move their financial assets into products that make their money work harder,” he said.

“This consistent momentum has allowed Syfe to not only reach group profitability but also to broaden our impact from our home market of Singapore into Asia-Pacific.”

Another newcomer is growth financing platform Choco Up. The company, which has operations in Hong Kong and Australia, saw its revenue jump from $4.6 million in 2021 to $6.9 million in 2024.

Choco Up founder and chief executive Percy Hung said that demand for small and medium-sized enterprise (SME) financing in Singapore is increasing because more businesses are scaling through e-commerce and cross-border trade, where growth is faster and more cash-flow-intensive.

Choco Up has supported 420 SMEs in Singapore since it was founded in 2018.

“Many founders need capital to keep pace with inventory purchases, platform-driven marketing spikes, logistics costs and supplier payment timelines across markets,” said Mr Hung.

“At the same time, higher operating costs mean SMEs are looking for flexible, non-dilutive financing that supports growth without giving up equity.”

IT, software firms among fastest-growing

There were 17 IT and software companies on the 2026 list, compared with 18 in 2025.

One of the debutants is Ailytics, a company providing visual insights for safety and productivity in heavy industries by tapping into any existing camera infrastructure to analyse video feeds in real time.

Ailytics operates in nine countries, with a strong focus on the Middle East and Australia, and has plans to expand into the US soon. The company saw its revenue jump from $158,000 in 2021 to $1.97 million in 2024.

Another IT and software firm on the list is Toku, a cloud communications firm that provides customer experience platforms for businesses, using technology that enables interactions with customers across channels such as voice, chat and e-mail.

One of its key technologies is artificial intelligence for voice, which transcribes, summarises and analyses conversations for strategic decision-making.

Toku was founded in 2017 with seven employees. Today, it has 117 employees and consultants worldwide, including 58 employees in Singapore in roles such as sales and marketing as well as research and development.

The company saw its revenue more than double from $19.3 million in 2021 to $43.2 million in 2024.

In December 2025, Toku lodged a preliminary prospectus for a listing on the Catalist board of the Singapore Exchange.

How the list was compiled

Singapore’s Fastest Growing Companies is a list of 100 companies here that achieved a high percentage growth in revenues between 2021 and 2024.

Companies could register with Statista or The Straits Times, while Statista itself identified more than 4,000 potential candidates through research in company databases and other public sources.

These companies were then invited to participate in the ranking. Submitted revenue figures had to be certified by the chief financial officer, chief executive or a member of the company’s executive committee.

The companies also had to be independent, headquartered in Singapore and have at least $150,000 of revenue generated in 2021 and $1.5 million in 2024.

The calculation of company growth rates was based on revenue figures submitted by the companies in their respective national currencies. These figures were then converted into Singapore dollars for comparison.

The result is a list of companies ranked by compound annual growth rate – calculated by taking into account revenue growth over the three-year period.

The minimum average growth rate required to be included in the ranking in 2026 was 8.4 per cent.