The Financial Times (FT) has released its fourth annual ranking of growth champions in Asia-Pacific (APAC), recognizing the region’s fastest growing companies.
The FT ranking, compiled with data partner Statista, aims to identify the APAC companies with the strongest revenue growth between 2017 and 2020. It ranks them by their compound annual growth rate (CAGR) and absolute growth rate. The ranking excluded China due to “difficulties in verifying data.”
Out of this year’s top 500 high-growth companies in APAC, 38 are fintech companies. The following are the fintech firms that made it into the FT’s High-Growth Companies APAC 2022 ranking.
Grow Finance (Australia)
Grow Finance is a leading digital non-bank financier providing one of the most comprehensive suites of financing requirements to help businesses grow. Grow Finance is ranked 8th in the top 500 list with an absolute revenue growth rate of 4,963%.
Roinet Solution (India)
Roinet Solution is a rural-focused technology-driven financial services provider to the underserved population of India. Roinet Solution is ranked 17th with an absolute revenue growth rate of 2,900%.
360F (Singapore)
360F has built the world’s first ever solutioning optimizer that synergizes insurance and wealth management, enabling banks, insurers, wealth managers, agents and advisers to transform what’s usually a product-pushing and uncomfortable exercise for their customers into an assuring and motivating one. 360F is ranked 28th with an absolute revenue growth rate of 1,733%.
Nium (Singapore)
Nium, formerly known as InstaReM, is a leading embedded fintech company that provides banks, payment providers, and businesses of any size with access to global payment services. Nium is ranked 35th with an absolute revenue growth rate of 1,399%.
Coda Payments (Singapore)
Coda Payments is a leading provider of cross-border payments and distribution solutions for digital content, allowing businesses and brands to monetize their products and services in more than 45 markets. Coda Payments is ranked 45th with an absolute revenue growth rate of 1,094%.
First Circle (Philippines)
First Circle empowers small and medium-sized enterprises (SMEs) in growth markets by financing their business-to-business (B2B) trade transactions, thus helping them grow by providing convenient access to financial services. The FT classifies First Circle in the Financial Services category. The company is ranked 47th with an absolute revenue growth rate of 1,042%.
SelfWealth (Australia)
SelfWealth is an award-winning, low-cost share trading platform for Australians, providing customers with access to stocks on the Australian Securities Exchange (ASX) and US markets. SelfWealth is ranked 53rd with an absolute revenue growth rate of 976%.
Funding Societies (Singapore)
Funding Societies is the largest SME digital financing platform in Southeast Asia, expanding into a leading SME neobank. Funding Societies is ranked 63rd with an absolute revenue growth rate of 880%.
Incomlend (Singapore)
Incomlend is a global online invoice trading platform, connecting exporters and importers with world-class institutional investors. Incomlend is ranked 67th with an absolute revenue growth rate of 839%.
Vyapar (India)
Vyapar is a free business accounting software built for Indian small businesses to deal with invoicing, inventory, accounting needs and more. Vyapar is ranked 74th with an absolute revenue growth rate of 785%.
Wadiz (South Korea)
Wadiz claims to be the largest crowdfunding platform in South Korea, offering rewards-based and equity crowdfunding for entrepreneurs and startups. Wadiz is ranked 83rd with an absolute revenue growth rate of 737%.
SafeGold (India)
SafeGold is a digital platform that allows customers to buy, sell and receive vaulted gold at low ticket sizes, around the clock, with the tap of a button. The FT classifies SafeGold in the Financial Services category. The company is ranked 86th with an absolute revenue growth rate of 732%.
M2P Fintech (India)
M2P Fintech, previously known as YAP, is an API infrastructure company that enables businesses of any scale to embed financial products in their customer journeys. M2P Fintech is ranked 88th with an absolute revenue growth rate of 717%.
Spark Systems (Singapore)
Spark Systems designs and develops application software, focusing on solutions for trading, foreign exchange (forex), pricing, and analysis. Spark Systems is ranked 93rd with an absolute revenue growth rate of 695%.
C&Tech (South Korea)
C&Tech is the developer of a smart machinery monitoring system designed to offer Internet of things (IoT)-based collateral management services, enabling financial institutions to access smart management support through innovative technology. C&Tech is ranked 127th with an absolute revenue growth rate of 532%.
Bitbank (Japan)
Bitbank is a cryptocurrency exchange platform, allowing users to keep track of the value of crypto and make trades through an online marketplace. The FT classifies Bitbank in the Financial Services category. The company is ranked 130th with an absolute revenue growth rate of 510%.
iPartners (Australia)
iPartners is an innovative, investor-first investment platform that provides wholesale investors with direct access to a diversified range of alternative asset investments across a broad range of asset classes. iPartners is ranked 154th with an absolute revenue growth rate of 406%.
Light Microfinance (India)
Light Microfinance is a non-banking finance company that provides micro and meso finance products and services with gender and poverty-focused programs, targeting rural and peri-urban areas, with a specific focus on poor women. The FT classifies Light Microfinance in the Financial Services category. The company is ranked 161st with an absolute revenue growth rate of 393%.
Lead Edge (Japan)
Lead Edge operates the largest non-fungible token (NFT) marketplace in Japan. The FT classifies Lead Edge in the Technology category. The company is ranked 163rd with an absolute revenue growth rate of 390%.
Newsystock (South Korea)
Newsystock is the operator of an investment platform intended to offer quantitative analysis tools and financial information. Newsystock is ranked 184th with an absolute revenue growth rate of 340%.
Ofbusiness (India)
Ofbusiness is a tech-enabled platform intended to facilitate raw material procurement and credit for SMEs, and one of India’s most well-funded fintech startups. Ofbusiness is ranked 185th with an absolute revenue growth rate of 338%.
Air Accounting (Australia)
Air Accounting offers capital strategies, benchmarking, payroll processing, financial statements, taxation, and business valuation services. The FT classifies Air Accounting in the Financial Services category. The company is ranked 198th with an absolute revenue growth rate of 314%.
2C2P (Singapore)
2C2P is a full-suite payments platform helping global businesses securely accept payments across online, mobile and offline channels. 2C2P is ranked 199th with an absolute revenue growth rate of 313%.
Kinara Capital (India)
Kinara Capital provides unsecured business loans to low-income micro, small and medium-sized enterprises (MSMEs) in India. Kinara Capital is ranked 238th with an absolute revenue growth rate of 244%.
Plenti (Australia)
Plenti is a technology-led consumer lending and investment company focusing on automotive, renewable energy and personal loans. Plenti is ranked 252nd with an absolute revenue growth rate of 229%.
Innov8tif (Malaysia)
Innov8tif is an enabler of digital customer onboarding (eKYC), process automation and mobile biometric authentication in Malaysia, Indonesia, Singapore and other Southeast Asian countries. The FT classifies Innov8tif in the Technology category. The company is ranked 259th with an absolute revenue growth rate of 224%.
OTSO Fintech (Taiwan)
OTSO Fintech offers fintech products and consulting service, empowering financial institutions and enterprises with innovative technologies and solutions centered around forex and online trading. OTSO Fintech is ranked 283rd with an absolute revenue growth rate of 200%.
OrbitRemit (New Zealand)
OrbitRemit offers a web-based money transfer platform for those wishing to send money overseas cost-effectively and without having to find a physical money transfer outlet or set foot in a bank branch. OrbitRemit is ranked 314th with an absolute revenue growth rate of 180%.
Xoxoday (India)
Xoxoday provides technology infrastructure to enable businesses to automate rewards, incentives and payouts for employees, customers and channel partners. The FT classifies Xoxoday in the Technology category. The company is ranked 351st with an absolute revenue growth rate of 155%.
Minkabu (Japan)
Minkabu operates as a media company, providing social media, information technology solutions, publication, and other related services for investors. Minkabu is ranked 363rd with an absolute revenue growth rate of 147%.
Info-Tech (Singapore)
Info-Tech provides human resources (HR) and payroll software with the aim to help businesses of all sizes and industries to automate and streamline their complete HR processes. The FT classifies Info Tech in the Technology category. The company is ranked 370th with an absolute revenue growth rate of 141%.
Peppermint Innovation (Australia)
Peppermint Innovation is a fintech company focused on the commercialization of the Peppermint Platform, a proprietary technology platform targeting mobile payments, e-commerce, delivery and logistics, as well as mobile financial services. Peppermint Innovation is ranked 408th with an absolute revenue growth rate of 118%.
Crowd Bank (Japan)
Crowd Bank is one of Japan’s largest crowdfunding platforms. The FT classifies Crowd Bank in the Financial Services category. The company is ranked 414th with an absolute revenue growth rate of 115%.
Triple A Technologies (Singapore)
Triple A Technologies allows online and offline businesses to accept cryptocurrency payments with zero price volatility risk by converting it to local currencies in real-time. Triple A Technologies is ranked 417th with an absolute revenue growth rate of 112%.
Money3 (Australia)
Money3 is a specialist provider of automotive consumer finance in Australia and New Zealand, with a focus on providing secured automotive loans to customers that traditionally have difficultly procuring mainstream financing from traditional lenders. Money3 is ranked 448th with an absolute revenue growth rate of 97%.
Maveric Systems (India)
Maveric Systems is an engineering services company, working across digital platforms, banking solutions, data technologies, and regulatory systems. Maveric Systems is ranked 489th with an absolute revenue growth rate of 74%.
iFast Corporate (Singapore)
iFast Corporate is a wealth management fintech platform, providing a comprehensive range of investment products and services to financial advisory firms, financial institutions, banks, multinational companies, as well as retail and high net worth investors in Asia. iFast Corporate is ranked 490th with an absolute revenue growth rate of 74%.
Grow Finance is a leading digital non-bank financier providing one of the most comprehensive suites of financing requirements to help businesses grow. Grow Finance is ranked 8th in the top 500 list with an absolute revenue growth rate of 4,963%.
Roinet Solution is a rural-focused technology-driven financial services provider to the underserved population of India. Roinet Solution is ranked 17th with an absolute revenue growth rate of 2,900%.
360F has built the world’s first ever solutioning optimizer that synergizes insurance and wealth management, enabling banks, insurers, wealth managers, agents and advisers to transform what’s usually a product-pushing and uncomfortable exercise for their customers into an assuring and motivating one. 360F is ranked 28th with an absolute revenue growth rate of 1,733%.
Nium, formerly known as InstaReM, is a leading embedded fintech company that provides banks, payment providers, and businesses of any size with access to global payment services. Nium is ranked 35th with an absolute revenue growth rate of 1,399%.
Coda Payments is a leading provider of cross-border payments and distribution solutions for digital content, allowing businesses and brands to monetize their products and services in more than 45 markets. Coda Payments is ranked 45th with an absolute revenue growth rate of 1,094%.
First Circle empowers small and medium-sized enterprises (SMEs) in growth markets by financing their business-to-business (B2B) trade transactions, thus helping them grow by providing convenient access to financial services. The FT classifies First Circle in the Financial Services category. The company is ranked 47th with an absolute revenue growth rate of 1,042%.
SelfWealth is an award-winning, low-cost share trading platform for Australians, providing customers with access to stocks on the Australian Securities Exchange (ASX) and US markets. SelfWealth is ranked 53rd with an absolute revenue growth rate of 976%.
Funding Societies is the largest SME digital financing platform in Southeast Asia, expanding into a leading SME neobank. Funding Societies is ranked 63rd with an absolute revenue growth rate of 880%.
Incomlend is a global online invoice trading platform, connecting exporters and importers with world-class institutional investors. Incomlend is ranked 67th with an absolute revenue growth rate of 839%.
Vyapar is a free business accounting software built for Indian small businesses to deal with invoicing, inventory, accounting needs and more. Vyapar is ranked 74th with an absolute revenue growth rate of 785%.
Wadiz claims to be the largest crowdfunding platform in South Korea, offering rewards-based and equity crowdfunding for entrepreneurs and startups. Wadiz is ranked 83rd with an absolute revenue growth rate of 737%.
SafeGold is a digital platform that allows customers to buy, sell and receive vaulted gold at low ticket sizes, around the clock, with the tap of a button. The FT classifies SafeGold in the Financial Services category. The company is ranked 86th with an absolute revenue growth rate of 732%.
M2P Fintech, previously known as YAP, is an API infrastructure company that enables businesses of any scale to embed financial products in their customer journeys. M2P Fintech is ranked 88th with an absolute revenue growth rate of 717%.
Spark Systems designs and develops application software, focusing on solutions for trading, foreign exchange (forex), pricing, and analysis. Spark Systems is ranked 93rd with an absolute revenue growth rate of 695%.
C&Tech is the developer of a smart machinery monitoring system designed to offer Internet of things (IoT)-based collateral management services, enabling financial institutions to access smart management support through innovative technology. C&Tech is ranked 127th with an absolute revenue growth rate of 532%.
Bitbank is a cryptocurrency exchange platform, allowing users to keep track of the value of crypto and make trades through an online marketplace. The FT classifies Bitbank in the Financial Services category. The company is ranked 130th with an absolute revenue growth rate of 510%.
iPartners is an innovative, investor-first investment platform that provides wholesale investors with direct access to a diversified range of alternative asset investments across a broad range of asset classes. iPartners is ranked 154th with an absolute revenue growth rate of 406%.
Light Microfinance is a non-banking finance company that provides micro and meso finance products and services with gender and poverty-focused programs, targeting rural and peri-urban areas, with a specific focus on poor women. The FT classifies Light Microfinance in the Financial Services category. The company is ranked 161st with an absolute revenue growth rate of 393%.
Lead Edge operates the largest non-fungible token (NFT) marketplace in Japan. The FT classifies Lead Edge in the Technology category. The company is ranked 163rd with an absolute revenue growth rate of 390%.
Newsystock is the operator of an investment platform intended to offer quantitative analysis tools and financial information. Newsystock is ranked 184th with an absolute revenue growth rate of 340%.
Ofbusiness is a tech-enabled platform intended to facilitate raw material procurement and credit for SMEs, and one of India’s most well-funded fintech startups. Ofbusiness is ranked 185th with an absolute revenue growth rate of 338%.
Air Accounting offers capital strategies, benchmarking, payroll processing, financial statements, taxation, and business valuation services. The FT classifies Air Accounting in the Financial Services category. The company is ranked 198th with an absolute revenue growth rate of 314%.
2C2P is a full-suite payments platform helping global businesses securely accept payments across online, mobile and offline channels. 2C2P is ranked 199th with an absolute revenue growth rate of 313%.
Kinara Capital provides unsecured business loans to low-income micro, small and medium-sized enterprises (MSMEs) in India. Kinara Capital is ranked 238th with an absolute revenue growth rate of 244%.
Plenti is a technology-led consumer lending and investment company focusing on automotive, renewable energy and personal loans. Plenti is ranked 252nd with an absolute revenue growth rate of 229%.
Innov8tif is an enabler of digital customer onboarding (eKYC), process automation and mobile biometric authentication in Malaysia, Indonesia, Singapore and other Southeast Asian countries. The FT classifies Innov8tif in the Technology category. The company is ranked 259th with an absolute revenue growth rate of 224%.
OTSO Fintech offers fintech products and consulting service, empowering financial institutions and enterprises with innovative technologies and solutions centered around forex and online trading. OTSO Fintech is ranked 283rd with an absolute revenue growth rate of 200%.
OrbitRemit offers a web-based money transfer platform for those wishing to send money overseas cost-effectively and without having to find a physical money transfer outlet or set foot in a bank branch. OrbitRemit is ranked 314th with an absolute revenue growth rate of 180%.
Xoxoday provides technology infrastructure to enable businesses to automate rewards, incentives and payouts for employees, customers and channel partners. The FT classifies Xoxoday in the Technology category. The company is ranked 351st with an absolute revenue growth rate of 155%.
Minkabu operates as a media company, providing social media, information technology solutions, publication, and other related services for investors. Minkabu is ranked 363rd with an absolute revenue growth rate of 147%.
Info-Tech provides human resources (HR) and payroll software with the aim to help businesses of all sizes and industries to automate and streamline their complete HR processes. The FT classifies Info Tech in the Technology category. The company is ranked 370th with an absolute revenue growth rate of 141%.
Peppermint Innovation is a fintech company focused on the commercialization of the Peppermint Platform, a proprietary technology platform targeting mobile payments, e-commerce, delivery and logistics, as well as mobile financial services. Peppermint Innovation is ranked 408th with an absolute revenue growth rate of 118%.
Crowd Bank is one of Japan’s largest crowdfunding platforms. The FT classifies Crowd Bank in the Financial Services category. The company is ranked 414th with an absolute revenue growth rate of 115%.
Triple A Technologies allows online and offline businesses to accept cryptocurrency payments with zero price volatility risk by converting it to local currencies in real-time. Triple A Technologies is ranked 417th with an absolute revenue growth rate of 112%.
Money3 is a specialist provider of automotive consumer finance in Australia and New Zealand, with a focus on providing secured automotive loans to customers that traditionally have difficultly procuring mainstream financing from traditional lenders. Money3 is ranked 448th with an absolute revenue growth rate of 97%.
Maveric Systems is an engineering services company, working across digital platforms, banking solutions, data technologies, and regulatory systems. Maveric Systems is ranked 489th with an absolute revenue growth rate of 74%.
iFast Corporate is a wealth management fintech platform, providing a comprehensive range of investment products and services to financial advisory firms, financial institutions, banks, multinational companies, as well as retail and high net worth investors in Asia. iFast Corporate is ranked 490th with an absolute revenue growth rate of 74%.
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