Wealth management, AI, and cyber-security firms among fastest-growing in Singapore

More real estate companies also make it to annual top 100 list compared with prior year

- Kang Wan Chern

An annual list compiling the 100 fastest-growing companies in Singapore has shown that the majority of businesses on the 2025 list are involved in information technology (IT) and software, financial services, or real estate.

Companies from these sectors accounted for approximately 40 percent of the list compiled by The Straits Times and global research firm Statista. The companies offer a range of established services, such as wealth management, along with emerging solutions in high demand, such as co-living spaces and artificial intelligence (AI).

The list, released on Jan 21, also included companies in the e-commerce, hospitality and travel, construction, manufacturing, and retail sectors, among others.

The Singapore's Fastest Growing Companies list features 100 local businesses that achieved markedly high revenue growth between 2020 and 2023.

Part of the criteria to be considered is that they must be independent companies headquartered in Singapore with at least $150,000 of revenue generated in 2020 and $1.5 million in 2023.

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.

GREATER DEMAND FOR WEALTH MANAGEMENT

Topping the list in 2025 is licensed financial adviser PFPFA, which saw its revenue grow over 48 times from $500,000 in 2020 to over $24.3 million in 2023.

The three-year period between 2020 and 2023 coincided with volatile interest rates and changing risk appetites both during and immediately after the pandemic, which likely increased demand for professional wealth planning and financial advice.