Top 6 Singapore-Based Fintech Companies 2024
Singapore is the tech heart of Asia and seems to remain the digital hub for both fintech and web3 projects. In this article, we take a closer look at the Singapore fintech companies in 2024 who stand out in their innovation, scale and growth.
Key Takeaways
B2B finance is scaling fast. Airwallex reported annual volume close to $80 billion, while Aspire reported $12 billion in annualized total payment volume across more than 15,000 businesses.
Cross-border services remain a major growth area. YouTrip, ANEXT Bank, and Airwallex all expanded products built around international payments, multi-currency operations, and regional business needs.
Fintech is moving beyond basic payments. Linkomo adds market analytics and risk tools, while Grab combines payments with banking and other financial services inside one ecosystem.
Singapore’s Fintech Sector in 2024
In 2024, Singapore’s fintech sector shifted its focus from the race for investment to more sustainable business models. Companies were more actively developing digital banking, cross-border payments, and B2B services, while MAS regulation remained a key pillar of the market.
Source: https://fintechnews.sg
This article covers six Singapore-based fintech companies and their position in 2024. They work across payments, business finance, digital banking, multi-currency services, and market analytics. The focus is simple: what each company offers, what changed during the year, and how far its operations had grown.
Linkomo
Linkomo has operated since 2015, evolving from software engineering and platform development into a broader fintech solutions provider.
Fintech Shift. In 2023, Linkomo acquired LocalTrade, expanding its focus into trading technology, digital asset infrastructure, and financial services.
Operating Scale. The company reports 120+ fintech experts, 97 completed projects, and 14 ready-to-deploy products.
Fintech Focus. Its portfolio includes cross-border transfers, digital wallets, lending, wealth management, DeFi, and fintech infrastructure.
Source: https://linkomo.com
Airwallex
Airwallex is a service for international business payments. It also consolidates corporate finance management onto a single platform.
International payments. More than 100,000 companies use Airwallex to manage international payments and different currencies.Payment Scale. By 2024, Airwallex had processed over 50 million transactions. Its annual payment volume was closing in on $80 billion.
Recognition. In July 2024, Airwallex earned a place on CNBC’s Global Top 250 Fintech list.
International expansion. The company is gradually entering new markets and expanding its lineup of business solutions.
Source: https://www.airwallex.com
YouTrip
YouTrip combines multi-currency management and corporate expense tracking in a single service.
Transaction Trends. In 2024, user activity increased significantly, and the volume of transactions on the platform roughly tripled.
YouBiz. Over 3,000 companies have signed on to the corporate expense platform so far.
Funding. A $50 million Series B gave YouTrip additional capital for regional expansion.
Recognition. In July 2024, YouTrip made its debut on the CNBC Global Top 250 Fintech list.
Source: https://www.you.co
ANEXT Bank
ANEXT Bank focuses on digital banking for micro, small, and medium-sized businesses, with an emphasis on cross-border finance.
Capital Growth. In March 2024, the bank received an additional $148 million from Ant International, bringing total funding to about $502.61 million.
Customer Growth. ANEXT Bank’s client base more than doubled year over year as more SMEs moved their banking operations online.
Cross-Border Activity. Transaction volume from cross-border MSME clients increased roughly sixfold, showing strong demand for regional business banking.
Recognition. In July 2024, ANEXT Bank joined CNBC’s Global Top 250 Fintech list.
Source: https://anext.com.sg
Aspire
Aspire gives businesses one place to handle payments, expenses, and everyday financial tasks.
Regional Expansion. The company set foot in Hong Kong in May 2024, making its services available to SMEs operating there.
AI Features. A month later, Aspire introduced new AI-powered tools designed to reduce manual finance work and speed up routine processes.
Business Scale. More than 15,000 companies across Asia already rely on the platform.
Payment Volume. Aspire’s annualized payment volume passed $12 billion, giving a clear picture of the scale of its B2B operations.
Source: https://www.linkedin.com
Grab
Grab has brought together several familiar services in a single app: ridesharing, delivery, logistics, and financial tools for users across Southeast Asia.
GrabPay. Users can pay for purchases and transfer money through this service. In 2024, following integration with Triple-A in Singapore, support for cryptocurrencies and stablecoins was added.
GX Bank. Together with Singtel, Grab is developing digital banking. In Malaysia, GX Bank has attracted more than 100,000 users.
Superbank. In 2024, Superbank integrated its banking services into Grab in Indonesia, allowing users to open and use bank accounts directly within the app.
Source: https://www.grab.com
Conclusion
Singapore’s fintech market entered a more mature stage in 2024, expanding beyond payments into B2B finance, digital banking, cross-border services, analytics, and automation.
With strong digital infrastructure and access to Southeast Asian markets, Singapore remains well positioned for further fintech growth.