5 SG firms land on Forbes Asia’s 2025 Best Under A Billion list

Wealth management platform iFast debuted on this year’s list.

Five Singaporean companies made it to Forbes Asia’s 2025 Best Under A Billion list, which recognises the top 200 small and medium-sized publicly listed companies in the Asia-Pacific region.

Singapore-based wealth management platform iFast made its debut on this year’s list. The company posted a nearly 50% increase in revenue to $383m (US$288m) in 2024, whilst its net profit surged by 136% to $66.6m (US$50m). Its market value is at $2.08b (US$1.57b).

The performance of this fintech was also boosted by the improving performance of its UK digital bank iFAST Global Bank (formerly BFC Bank), which it acquired in 2022.

Other Singaporean firms in the list include the Singapore Exchange, which had the highest market value at $16.90b (US$12.717b), followed by Centurion with $1.53b (US$1.151b), Credit Bureau Asia with $323.19m (US$243m), and Grand Banks Yachts with $99.75m (US$75m).

1 USD = 1.33 SGD

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