We are delighted to present a glimpse into Singapore's dynamic startup landscape in 2024. These pioneering ventures span a spectrum of industries, from cutting-edge technology to innovative healthcare solutions and beyond. 

Singapore is especially known for its finance and fin-tech startups. However, we have kept the lineup diverse and fresh, showcasing Singapore's motivated and advancing entrepreneurial ecosystem. So, let’s dive right into the list. 

1. Aspire

• Website: https://aspireapp.com/
• Founding Date: 2008
• CEO: Andrea Baronchelli.
• Founders: Andrea Baronchelli, Giovanni Casinelli, Massimiliano Luppi.
• Valuation: $500M
• Funding Raised: $279M

Aspire provides digital financial services and loans for small businesses, including business accounts, corporate cards, and financing solutions. They aim to empower entrepreneurs and SMEs to grow their businesses effectively.

Aspire streamlines financial processes for small businesses, making it easier for them to manage their finances and access funding

2. YouTrip

• Website: https://www.you.co/sg/
• Founding Date: 2018
• CEO: Caecilia Chu.
• Founders: Caecilia Chu and Arthur Mak.
• Valuation: $200-300M
• Funding Raised: $105M

Founded in 2018, YouTrip emerged with a vision to revolutionize foreign currency transactions, making them more accessible and convenient for everyone. Numerous global travelers and tech-savvy consumers trust their multi-currency e-wallet.

YouTrip creates a seamless and intelligent approach to foreign currency payments. Through constant innovation and a commitment to challenging the status quo, it offers competitive FX rates and eliminates transaction fees entirely. 

3. Doctor Anywhere

• Website: https://doctoranywhere.com/
• Founding Date: Not specified.
• CEO: Lim Wai Mun.
• Founders: Lim Wai Mun.
• Valuation: Not specified.
• Funding Raised: Not specified.

Doctor Anywhere is a telehealth platform that provides online medical consultations, medication delivery, and health services such as telemedicine and corporate healthcare solutions.

It improves access to healthcare services, especially for individuals with mobility constraints or living in remote areas.

4. GetGo Carsharing

• Website: https://getgo.sg/on-demand-car-rental/
• Founding Date: 2020
• CEO: Damian Tay.
• Founders: Toh Ting Feng (Co-Founder, CEO), Johnson Lim (Co-Founder, CMO)
• Valuation: $60-90M
• Funding Raised: $15M

GetGo Carsharing offers a car-sharing platform that allows you to rent vehicles for short durations. It aims to provide a convenient and affordable alternative to traditional car ownership.

It promotes sustainable transportation by encouraging the sharing economy and reducing the need for private vehicle ownership.

5. Advance Intelligence Group

• Website: https://www.advancegroup.com/sitemap
• Founding Date: 2015
• CEO: Jefferson Chen
• Founders: Jefferson Chen
• Valuation: $2B
• Funding Raised: $616M

Advance Intelligence Pte. Ltd., known as Advance.AI, is a software development firm specializing in big data and artificial intelligence solutions. The company focuses on digital transformation, fraud prevention, and process automation for industries such as banking, financial services, fintech, payment, retail, and e-commerce across Southeast Asia.

Advance Intelligence Group has built an ecosystem of AI-powered products and services since its inception. This includes Atome, a leading buy now, pay later (BNPL) platform in Asia, ADVANCE.AI for SaaS big data analytics and enterprise solutions, Kredit Pintar, Indonesia's prominent digital lending platform, and Ginee, an omnichannel e-commerce merchant services platform.

With a workforce of 1,500 employees, the company operates in 12 markets spanning South and Southeast Asia, Greater China, and Latin America. Serving over 800 enterprise clients, 100,000 merchants, and 20 million consumers, Advance Intelligence Group has established a significant presence in the enterprise and consumer sectors.

6. Sleek

• Website: https://sleek.com/sg/
• Founding Date: 2017
• CEO: Julien Labruyere
• Founders: Julien Labruyere and Adrien Barthel
• Valuation: $70M
• Funding Raised: $34M

Sleek provides online incorporation and corporate services for businesses, including company registration, compliance, accounting, and payroll solutions. It simplifies the process of setting up and managing companies, particularly for startups and SMEs, fostering entrepreneurship and business growth.

7. Endowus

• Website: https://endowus.com/
• Founding Date: 2017
• CEO: Samuel Rhee
• Founders: Samuel Rhee, Julian Kwan.
• Valuation: $140—210M
• Funding Raised: $82.7M

Endowus is a digital wealth management platform that offers investment advisory and fund management services, focusing on low-cost, diversified portfolios for long-term investing. It democratizes access to wealth management services, allowing individuals to invest in diversified portfolios with lower fees.

8. ADDX

• Website: https://addx.co/en/index.html
• Founding Date: 2017
• CEO: Oi-Yee Choo
• Founder(s): Danny Toe and Inmoo Hwang
• Valuation: $290M
• Funding Raised: $136M

ADDX operates as an investment platform under the regulation of the Monetary Authority of Singapore, facilitating access to a variety of alternative investments including private equity, hedge funds, and other private market opportunities. 

Accredited investors are provided with the means to explore and invest in private equity, unicorns, hedge funds, private debt, and similar alternative assets through ADDX. 

The platform enables investors to begin their journey in private markets with an investment threshold starting from $5,000, granting them the opportunity to participate in offerings and invest directly in digital tokens offered by companies prior to their listing on exchanges.

9. Flash Coffee

• Website: https://flash-coffee.com/
• Founding Date: 2019
• CEO: Sebastian Hannecker.
• Founders: Sebastian Hannecker, David Jonathan Brunier.
• Valuation: $48-73M
• Funding Raised: $65M

Flash Coffee is a tech-enabled coffee chain that offers high-quality coffee at affordable prices through its network of physical stores and mobile apps. It aims to disrupt the traditional coffee shop model by leveraging technology to enhance customer experience and affordability.

10. Homage

• Website: https://www.homage.sg/
• Founding Date: 2016
• CEO: Gillian Tee.
• Founders: Gillian Tee, Lily Phang, Tong Duong.
• Valuation: $120-180M
• Funding Raised: $30M

Homage is a platform that connects elderly individuals and their families with qualified caregivers for home care services, including nursing care, medical services, and therapy.

It improves the quality of life for seniors by providing personalized and accessible care in the comfort of their homes.

11. Carro

• Website: https://carro.sg/
• Founding Date: 2015
• CEO: Aaron Tan
• Founders: Aaron Tan, Aditya Lesmana, Kelvin Chng
• Valuation: $1.8B
• Funding Raised: $495M

Carro, headquartered in Singapore, is a prominent player in the automotive industry, known for its online automotive marketplace. The company achieved unicorn status in 2021 after raising $360 million in funding, led by SoftBank.
Carro has continued its growth trajectory, as evidenced by its recognition as one of Singapore's fastest-growing companies in 2024

12. Qritive

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• Website: https://qritive.com/
• Founding Date: 2017
• CEO: Aneesh Sathe
• Founders: Dr Aneesh Sathe
• Valuation: $45M
• Funding Raise: $9M

Qritive, founded in 2017 and headquartered in Singapore, operates in the healthcare sector. The company utilizes AI-powered automation to expedite cancer diagnosis, thereby enhancing patient care outcomes and increasing survivability rates through early detection.

This technology also enhances cost-effectiveness and efficiency for medical professionals. Qritive has undergone multiple funding rounds, including a recent Series A Round in January 2023, where it secured $7.5M in funding. Overall, the company has raised $9M from seven investors.

13. Nextbillion.ai

• Website: https://nextbillion.ai/
• Founding Date: 2020
• CEO: Ajay Bulusu
• Founders: Ajay Bulusu, Gaurav Bubna, Shaolin Zheng
• Valuation: $84-126M
• Funding Raise: $34M

NextBillion.ai is a leading map data and AI platform based in Singapore, offering advanced routing and navigation APIs. The company specializes in providing hyperlocal solutions for business mapping and data management through AI-powered technology. 

Their platform assists enterprises in building, scaling, and managing their own mapping ecosystems, facilitating efficient route optimization and navigation. 

NextBillion.ai's comprehensive suite includes APIs, SDKs, tools, and map data management services. They enable companies to adopt an AI-first approach in solving real business problems related to location. 

14. AirCarbon Exchange (ACX)

• Website: https://acx.net/
• Founding Date: 2019
• CEO: Thomas McMahon
• Founders: Thomas McMahon and William Pazos
• Valuation: Undisclosed
• Funding Raise: $75M

AirCarbon Exchange (ACX) is a global exchange based in Singapore that aims to revolutionize the voluntary carbon market. The platform caters to corporate entities, financial traders, and carbon project participants. 

Despite the launch of another carbon exchange in Singapore called AirCarbon, which is blockchain-based, ACX has emerged as a significant player in the voluntary carbon market. ACX facilitates trading and neutralizing shipping-related carbon emissions, aligning with climate change and ESG initiatives. 

15. Glife Technologies

• Website: https://glife.com.sg/
• Founding Date: 2017
• CEO: Justin Chou
• Founders: Justin Chou and Caleb Wu
• Valuation: $372—558M
• Funding Raised: $13M

Glife Technologies is a Singapore-based food tech company that focuses on improving the food industry in Southeast Asia. They operate as a B2B eCommerce startup, providing fresh fruits, vegetables, and plant-based products to the HORECA (Hotels, Restaurants, and Catering) industry. 

Glife Technologies aims to empower smallholder farmers and food businesses by utilizing technology to create a more sustainable and efficient food supply chain. 

16. RideBeam

• Website: https://www.ridebeam.com/
• Founding Date: 2018
• CEO: Alan Jiang
• Founders: Alan Jiang and Deb Gangopadhyay
• Valuation: $18M
• Funding Raised: $126.4M

Ridebeam is a micro-mobility startup operating in the Asia-Pacific region. They provide shared e-scooters, e-bikes, and e-mopeds to improve urban mobility. The company encourages users to park their vehicles in predetermined spots through its app, offering incentives for doing so. 

Beam Mobility Holdings, the parent company of Ridebeam, aims to integrate urban mobility across public and private modes of transport. As of February 25, 2022, the company had a revenue of $19.2 million and had completed a Series B funding round.

17. Thunes

• Website: https://www.thunes.com/
• Founding Date: 2016
• CEO: Peter De Caluwe
• Founders: Eric Barbier and Peter De Caluwe
• Valuation: $776M
• Funding Raised: $232M

Thunes is a financial services company specializing in building a global payment infrastructure for seamless cross-border transactions. The company offers APIs that enable businesses to connect to its payment network, facilitating funds transfer between various payment systems. 

Founded in 2016, Thunes caters to many clients, including fast-growing businesses like gig economy giants like Uber. Thunes provides a cross-border payment network designed to streamline fund transfers between different payment systems, enhancing the payment experience for businesses and individuals.

18. Multiplier

• Website: https://www.usemultiplier.com/
• Founding Date: 2020
• CEO: Sagar Khatri
• Founders: Sagar Khatri, Amritpal Singh, and Vamsi Krishna
• Valuation: $400M
• Funding Raised: $77.2M

Multiplier is an all-encompassing platform streamlining global employment management, covering payroll, taxes, and insurance. 

Targeting businesses with international teams simplifies the hiring, onboarding, and payment processes across multiple countries from a single interface. 

Its core mission centers on facilitating risk-free international employment, eliminating the need for new entity incorporation, and expediting market entry. 

Multiplier broadens talent pools by facilitating global recruitment while ensuring compliance with local labor laws. Moreover, it eases payroll complexities across 120 currencies and aids in tax compliance, pensions, and social contributions. With localized insurance offerings, the platform guarantees uniform benefits for worldwide staff, boosting operational efficiency and regulatory adherence. 

19. Delta Exchange

• Website: https://www.delta.exchange/
• Founding Date: 2018
• CEO: Pankaj Balani
• Founders: Jitender Tokas, Pankaj Balani
• Valuation: Undisclosed
• Funding Raised: Undisclosed

Delta Exchange is a cryptocurrency derivatives trading platform that specializes in options and futures contracts for various digital assets, including Bitcoin (BTC) and Ethereum (ETH).

Traders can trade options with daily expiries and benefit from low settlement fees. The exchange provides a user-friendly interface for traders to execute their strategies efficiently and offers a range of trading tools and features to enhance the trading experience.

20. RVAC Medicine

• Website: Not Available
• Founding Date: 2021
• CEO: Sean Fu
• Founders: Sean Fu and Jason Zhang
• Valuation: $560-840M
• Funding Raised: $140M

RVAC Medicines is an mRNA platform company focusing on innovative products across various disease areas. They utilize mRNA technology for vaccine development and have a pipeline covering a wide range of diseases. 

Conclusion

Exciting times are ahead for Singapore as its startup scenes burst with innovation and promise! From the vibrant entrepreneurial landscape to the surge of exceptional startups, these startups are making waves and leaving a lasting impact on the economy. 

With their incredible growth stories and unwavering determination, it's clear that their journey towards success is just beginning. However, we have barely scratched the surface yet, as there are so many business gems out there in Singapore.  

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