Try GOLD - Free
iFast among 5 SGX-listed firms on Forbes Asia's Best Under A Billion list
The Straits Times
|August 07, 2025
Home-grown fintech platform iFast has made it to the latest Forbes Asia's Best Under A Billion list, buoyed by growing wealth in the region.
It is one of five companies listed on the Singapore Exchange (SGX) that earned a spot on the 2025 list, which recognises 200 top-performing small and mid-cap firms in the Asia-Pacific with annual sales ranging from over US$10 million (S$12.9 million) to under US$1 billion.
The others are local bourse SGX itself, accommodation provider Centurion, luxury yacht builder Grand Banks Yachts, and credit and risk information provider Credit Bureau Asia (CBA).
Leading the pack on the Forbes list are China, with 30 companies, and India, with 29.
The 200 companies on the unranked list were chosen from more than 19,000 firms in 17 territories.
They are assessed using a composite scoring system based on debt levels, sales and earnings-per-share growth over both the most recent fiscal one- and three-year periods, as well as the strongest one- and five-year average return on equity.
State-controlled firms, subsidiaries of larger companies, and those with serious governance issues and legal troubles were excluded.
This story is from the August 07, 2025 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
5 free (or almost free) non-negotiable habits for a longer and healthier life
I used to think statins were for ‘old people.’ Then my cholesterol hit 271 — and reality hit even harder.
8 mins
November 04, 2025
The Straits Times
Depressed youth set fire to pop-up booths at VivoCity and HarbourFront Centre
Several pop-up booths at VivoCity and HarbourFront malls went up in flames after a depressed teenager set their merchandise and equipment ablaze, causing over $27,000 in damage.
2 mins
November 04, 2025
The Straits Times
S’pore charity to focus on long-term recovery and rebuilding in Gaza
Singapore charity Rahmatan Lil Alamin Foundation (RLAF) is focusing on long-term recovery and rebuilding efforts in Gaza, with new projects aimed at supporting healthcare and education.
2 mins
November 04, 2025
The Straits Times
Malaysian rapper Namewee faces drug charges after October arrest
Malaysian rapper Namewee has been charged with two drug-related offences following his arrest in October.
1 mins
November 04, 2025
The Straits Times
Anti-terror drills boost community bonds, more should join: Sim Ann
Over 80 Exercise Heartbeat participants respond to 'terror attack' in Clarke Quay
3 mins
November 04, 2025
The Straits Times
Layoffs. Stronger measures needed to deter errant employers
I am concerned by the sudden closure of Twelve Cupcakes, executed without sufficient notice to its employees, and which has affected their livelihood and mental well-being.
1 min
November 04, 2025
The Straits Times
Trump's revival of idea of US-China G-2 raises eyebrows
News analysis
5 mins
November 04, 2025
The Straits Times
Man charged with 10 counts of attempted murder after knife attack on British train
British prosecutors on Nov 3 charged a 32-year-old man with 10 counts of attempted murder following a mass stabbing on a London-bound train that left multiple passengers injured on Nov 1, including a train worker critically wounded but now stable.
1 mins
November 04, 2025
The Straits Times
Vivian Balakrishnan on working visit to Middle East
Foreign Minister Vivian Balakrishnan will visit the Palestinian Territories and Israel from Nov 3 to 6.
2 mins
November 04, 2025
The Straits Times
20 years' jail for man who raped step-granddaughter
69-year-old sexually assaulted the victim at home when she was nine to 10 years old
2 mins
November 04, 2025
Listen
Translate
Change font size