10 Fast Growing FinTechs in Singapore

10 Fast Growing FinTechs in Singapore

by October 16, 2017

IDC Financial Insights unveiled a list of 101 fast growing fintechs in Asia/Pacific (excluding Japan) from 10 major markets – China, Australia and New Zealand, South Korea, India, Hong Kong, Singapore, Indonesia, Malaysia, Philippines, and Thailand.

“IDC’s FinTech Fast 101” refers to the fast-growing fintech players based on extensive on-ground analysis of the dominant fintech players within the region. This list also identifies 10 fast growing fintech’s for Singapore.

IDC Asia Pacific Fastest Fintech 101

10 Fast Growing FinTechs in Singapore


Alpha Fintech

Alpha Fintech has developed the world’s first omni-channel solution access platform that consolidates the entire payments, risk and transaction world on one platform, the AlphaHub. The AlphaHub is fintech‘s first end-to-end middleware, connecting the merchant buyer and vendor supplier across the entire payments, risk and commerce spectrum through a single API and UI.



fastacash™ provides a global social payments platform which allows users to transfer value (money, airtime, other tokens of value, etc.) along with digital content (photos, videos, audio, messages, etc.) through social networks and messaging platforms. The company has developed a patent pending link generation technology that enables the value transfer with a secure link.



Grab is more than just the leading ride-hailing and mobile payments platform in Southeast Asia. We use data and technology to improve everything from transportation to payments across a region of more than 620 million people.Grab began as a taxi-hailing app in 2012, but has extended its product platform to include private car services (GrabCar & GrabShare), motorcycle taxis (GrabBike), social carpooling (GrabHitch), last mile delivery (GrabExpress) as well as a mobile payments services (GrabPay).



M-DAQ provides a sustainable ecosystem for securities and stock exchanges to enable multi-currency trading on a cross-border basis.



MatchMove Pay

MatchMove enables companies to offer a fully branded secure mobile wallet solution, increasing revenue and user engagement. MatchMove proprietary Wallet OS™ is built with the vision of strengthening financial inclusion through enabling its Spend, Send, Lend™ capabilities across developed and developing markets. MatchMove Wallet OS enables any company to easily offer their customers a fully branded, secure mobile wallet solution that includes P2P transfer, Cross-Border Money Transfers, Top Up channels, Virtual Payment Cards, Loyalty Points & Rewards, Promotions & Offers amongst many other features. Wallet OS fully customizable platforms are cloud-based and PCI-DSS compliant.



Mesitis is a Singapore based fintech that offers Canopy (https://canopy.cloud), a next-generation account aggregation, portfolio analytics and client reporting platform for high net-worth individuals and wealth professionals.




In January 2012, Numoni was formed in Singapore to bring financial inclusion to the underbanked with its Cash-In Cash-Out solution.  Numoni created and developed the user-friendly Cash-Transaction terminal – NUGEN – to empower the underbanked community with e-transactions. This simple self-service NUGEN terminal enables micro remittances, micro payments and micro loans.  It allows the underbanked to use cash to (1) Recharge their prepaid mobile airtime, recharge vouchers, stored value cards and wallets; (2) Remit prepaid mobile airtime and money; (3) Repay utilities bills, school fees, and installment loans; (4) Release donations; (5) Receive micro-savings and donations and (6) Make Retail voucher purchases.



Otonomos, established early 2016, is the world’s first legally compliant Corporate Governance platform powered by Smart Contracts. Underlying the platform is a Decentralized Digital Identity solution and ‘Smart Contractified’ Company Constitutions engraved on the blockchain. This not only enables digital signing of documents via Private Keys but also optimizes, automates and strictly enforces legal processes.  This results in a complete and reliable audit trail that needs no formal audit.



QUOINE is a leading fintech company that provides trading, exchange,  and next generation financial services powered by blockchain technology.  With offices in Singapore, Japan, and Vietnam,  QUOINE combines a strong network of local partners with extensive team experience  in banking and financial products to deliver best in class financial services for its customers.



TradeHero is a gamified social trading app that allows you to trade and learn from the behaviour of other users in the community. It has been ranked the #1 finance app in over 90 countries. You can learn how to trade, experiment with virtual cash, follow experienced “Heroes” and compete in virtual trading competitions. When you’re ready, toggle the LIVE button to fund your account to start trading and replicating your winning virtual trades with real money.


Note: List is arranged alphabetically. Source: IDC, 2017


Featured image via Pixabay