The days of easy money for start-ups are over as interest rates soar and economic uncertainties loom.
But according to a new LinkedIn study, these 15 start-ups have overcome these challenges in Singapore.
In particular, fintech, education and telehealth start-ups topped the list of “LinkedIn Top Start-ups 2022” for Singapore.
“But while this is a difficult time, some argue that innovative ideas are born in times of uncertainty,” LinkedIn said.
“Operating with limited resources and capital can push start-ups to prioritize assets and values and adapt quickly.”
To compile the list, LinkedIn relied on internal data collected between July 1, 2021 and June 30, 2022, measuring startups on four aspects. — job growth, commitment, interest in employment and attraction of the best talent.
To be eligible, companies had to be headquartered in Singapore, have 50 or more employees and be seven years old or younger at the time of the calculation.
The professional networking site said the rankings serve as a resource for employees who are “excited about the opportunity to innovate” and develop their skills.
Here is the complete list of the best start-ups in Singapore 2022.
15. genius book — Online learning services
14. body — Automotive Marketplace
13. Zenyoum – Detail
12. Syfe – Financial services
11. Advanced Intelligence Group – Financial services
ten. LingoAs — Online learning services
9. Spenmo – Financial services
8. DeFi Cake – Financial services
seven. ADDX – Financial services
6. Tribute — Health care services for the elderly
Industry: Financial services
Full-time workforce: 120
Most common skills: digital literacy, business management, digital marketing
New to the list is Corporate rhythm, a buy now, pay later payment platform that allows consumers to make purchases and pay at a later date or in three monthly installments. Pace has several hundred outlets in the region and its brand partners include Apple, Japanese clothing retailer Uniqlo and travel booking site Trip.com.
Industry: Financial services
Full-time workforce: 140
Most Common Skills: Development Tools, Web Development, Digital Literacy
digital heritage advisor doterus aims to help Singaporeans achieve their retirement goals and gain better financial literacy. The fintech company offers investment advice to retail and institutional investors through its so-called “robo-advisor”, according to LinkedIn. Customers can invest in cash or with funds from their retirement savings plan, known as the Central Provident Fund.
Industry: Food and beverage services
Full-time workforce: 130
Most common skills: digital literacy, business management, data science
Instant coffee is another new entry on the list – it is a tech tech cafe chain that offers a cup of coffee at affordable prices. Its application allows customers to order and pay for coffee remotely, then pick up their order at points of sale or have it delivered.
Full-time workforce: 560
Most common skills: digital literacy, project management, data science
doctor anywhere is a telehealth provider that aims to make healthcare more accessible. Its mobile application allows patients to quickly consult a doctor wherever they are. To date, it has served more than 2.5 million users across Asia, according to LinkedIn.