Singapore’s Fastest Growth Led by Emerging Sectors

Construction and engineering, fintech, and information technology and software firms now dominate the ranks of Singapore’s fastest-growing companies, underlining a structural shift in the city-state’s growth engines. According to a jointly compiled ranking by The Straits Times and global data firm Statista, companies from these three sectors account for 39% of the 100 fastest-growing firms in Singapore.

Published on 20 January under the banner Singapore’s Fastest Growing Companies, the list tracks revenue performance between 2021 and 2024. To qualify, companies were required to be headquartered in Singapore, generate at least US$150,000 in revenue in 2021 and no less than US$1.5m by 2024. Crucially, the revenue growth had to be organic—derived from a company’s own operations and assets—rather than fuelled by mergers, acquisitions, or strategic partnerships.

Construction and engineering lead the surge

Topping the 2026 ranking is Clean Kinetics, a solar engineering, construction, and procurement firm that exemplifies the sector’s rapid ascent. Founded only four years ago, the company recorded a dramatic rise in revenue—from US$365,000 in 2021 to US$15.3m in 2024, representing an extraordinary 42-fold increase.

Clean Kinetics has completed nearly 180 projects across Singapore, serving high-profile clients such as Tan Chong Motors and the Land Transport Authority. To date, the company has installed more than 114,000 solar panels, generating approximately 78 gigawatt-hours of green electricity annually—enough to meet the yearly power needs of around 18,000 four-room flats. Company executives attribute this performance to a combination of agile decision-making, a highly skilled workforce, and strong engineering leadership.

Another standout in the construction space is Conexus Studio, an office interior design and fit-out specialist that has worked with clients including BBC Studios, Hitachi Asia, and Sony. Its revenue grew from US$13.8m in 2021 to US$45m in 2024. Industry insiders note that post-pandemic project resumptions, coupled with a growing emphasis on flexibility, durability, and long-term asset performance, are reshaping demand in the sector. In total, nine construction and engineering firms feature in the 2026 ranking.

Fintech’s steady, sustained momentum

Fintech continues to demonstrate consistent expansion. This year’s list includes 13 fintech companies, up from 12 last year. Among the newcomers is Syfe, a digital investment platform operating in Hong Kong, Australia, and India. Syfe’s revenue surged from US$1.7m in 2021 to US$12.4m in 2024—more than a sevenfold increase. The company’s leadership points to growing investor awareness of the opportunity cost of idle cash and rising demand for efficient, technology-driven wealth management solutions.

Another new entrant is Choco Up, a growth financing platform supporting businesses engaged in e-commerce and cross-border trade. Its revenue climbed from US$4.6m in 2021 to US$6.9m in 2024, reflecting rising financing needs among small and medium-sized enterprises seeking rapid expansion beyond domestic markets.

Selected fastest-growing companies

Taken together, the findings suggest that Singapore’s growth story is increasingly anchored in sustainable infrastructure, digital finance, and technology-led services—sectors well positioned to shape the next phase of the nation’s economic evolution.