Advance.AI parent, Endowus, Homage lead LinkedIn's list of top S'pore start-ups

Endowus chief executive Gregory Van (left) and chairman Samuel Rhee, and Doctor Anywhere CEO Lim Wai Mun (right).
Endowus chief executive Gregory Van (left) and chairman Samuel Rhee, and Doctor Anywhere CEO Lim Wai Mun (right).PHOTOS: ENDOWUS, BT FILE

SINGAPORE - Fintech, telehealth and e-commerce firms are among start-ups in Singapore that are successfully navigating the effects of the Covid-19 pandemic and recording strong growth and demand.

This was noted in a list released by professional network LinkedIn on Wednesday (Sept 22). At the top of the list were tech start-up Advance Intelligence Group, followed by financial advisory firm Endowus and caregiving start-up Homage.

Advance Intelligence Group is the parent company of buy-now-pay-later player Atome and fintech firm Advance.AI.

The list of top start-ups in Singapore was compiled based on several metrics - employment growth, company engagement, job interest as well as attraction of top talent - from July 1, 2020, to June 30 this year.

Other firms that made the list were gaming peripherals company Secretlab, telemedicine start-up Doctor Anywhere and rewards platform ShopBack.

Used car marketplace Carro and payments platform Nium, which reached a US$1 billion (S$1.35 billion) valuation this year, were also listed among the top 15 start-ups in Singapore.

In a release, LinkedIn noted that the local fintech industry reached a three-year high in deals transacted owing to digital transformation in the first half of 2021.

The Republic's drive towards smarter healthcare has also increased the popularity of start-ups in the industry, it said, adding that Singapore has been encouraging the adoption of telehealth and smart healthcare services.

This is reflected in how healthcare start-ups Homage and Doctor Anywhere are starting to build momentum in the market, LinkedIn said.

Mr Chris Anderson, managing editor for Asia at LinkedIn News, said the list spotlights start-ups in Singapore that are leading the way across industries such as fintech and healthcare.

"We hope the list will serve as a signpost for professionals to identify emerging start-ups to work for and the roles that will be in demand, so they can equip themselves with the necessary skills."

Several of the start-ups on this year's list, including ShopBack, Secretlab and Advance Intelligence Group, were also on last year's inaugural compilation.

Start-ups must be fully independent, privately held, have 50 or more full-time employees and seven years old or younger to be eligible for the list.

Start-ups that cut 20 per cent or more of their workforce during the one-year period from last July were deemed ineligible for the list.

Staffing firms, think-tanks, venture capital firms, law, management and information technology consulting companies, non-profits and philanthropy, accelerators and government-owned entities were also excluded.