Top Unicorn Startups in South East Asia for 2025

In South East Asia, we rank 31 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in South East Asia are falling behind the performance of their global counterparts.

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Top Unicorn Startups in South East Asia for 2025

SB Score:761

Traveloka is a leading Southeast Asian travel platform, offering everything from flights and hotels to lifestyle services, streamlining travel planning.

Industry:
Social & Leisure
Subindustry:
Travel

City Rank (Jakarta)

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SB Score:745

Flash Express is a logistics and transportation company that operates a door-to-door pickup and delivery service. The company uses its fully in-house developed technology and Big Data to digitize and standardize the delivery process which allowed it to increase operational efficiency and offer competitive prices. Under the business of Flash Group, apart from Flash Express service, the company also provides other services that cover all areas to be the integrated E-Commerce service provider, such as Flash Logistics that provide large items delivery service, Flash Fulfillment that deals with goods storage, Flash Home or parcel delivery agent service, and Flash Money or financial service. The company was established in 2017 and is headquartered in Bangkok, Thailand.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Bangkok)

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National Rank (Thailand)

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SB Score:725

Ninja Van is a growing startup in the logistics space, solving the last mile problem via a multitude of strategic tie-ups and a cutting-edge technology stack via our reactive and distributed systems. The service provides innovative technology-based solutions for reliable last-mile delivery, enabling easy package tracking.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Singapore City)

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National Rank (Singapore)

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Total amount:31

Best Fintech Startups in South East Asia for 2025

South East Asia startups in the Fintech industry are overperforming their global industry peers. The top three Fintech unicorns in South East Asia have raised more than USD 2.72B, an amount that is higher than the global industry average.
SB Score:687

Publishers of leading games like Moonton (Mobile Legends: Bang Bang), Garena (Free Fire) and Tencent (PUBG Mobile), streaming platforms like beIN and Bigo Live, apps like Tinder, and video-on-demand platforms like Viu have integrated with Coda Payments to accept payments. Coda Payments is headquartered in Singapore with dozens of additional outposts around the world. It is backed by Apis Partners and GMO Global Payment Fund, whose strategic management company is GMO Payment Gateway, Japan’s largest online payment gateway. Coda Payments has recently been named the 28th fastest growing company in the Asia-Pacific region by the Financial Times (making it the second fastest growing fintech company in its region), the 8th fastest growing company in Singapore by The Straits Times, and a Technology Pioneer by the World Economic Forum.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Singapore City)

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2nd

DANA
SB Score:685

DANA is a TechFin company in Indonesia, providing inclusive financial services for seamless transactions. Empowering individuals for a better quality of life, DANA aims to be a key player in the digital economy, offering accessible and convenient solutions for all.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Jakarta)

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National Rank (Indonesia)

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3rd

Momo
SB Score:664

Momo is a FinTech startup that offers a mobile, electronic wallet, and payment application for iOS and Android devices. Its products help customers in Vietnam make nationwide cash transfers, pay more than 100 types of bills, recharge mobile phone accounts, settle personal loans, and purchase services such as software license and online game cards, airline and movie tickets, etc. The company’s payment system partners with 24 domestic banks and foreign payment networks, including JCB, MasterCard, and Visa.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Ho Chi Minh City)

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National Rank (Vietnam)

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Total amount:12

Most Valuable Unicorns in South East Asia for 2025

The top three most valuable unicorns in South East Asia have raised total funding of more than USD 4.3B. Among the top three funded unicorns, the most popular industry, based on total funding, is Social & Leisure.
SB Score:427

HyalRoute provides shared communication fiber network and offers access to international connectivity capabilities and value-added services.

Industry:
Hardware & IoT
Subindustry:
Hardware & IoT-Other

City Rank (Singapore City)

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National Rank (Singapore)

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SB Score:586

Sky Mavis develops games that leverage blockchain technology for engaging and practical experiences. Their innovative approach brings the benefits of blockchain to users through fun applications.

Industry:
Fintech
Subindustry:
Blockchain

City Rank (Ho Chi Minh City)

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National Rank (Vietnam)

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SB Score:761

Traveloka is a leading Southeast Asian travel platform, offering everything from flights and hotels to lifestyle services, streamlining travel planning.

Industry:
Social & Leisure
Subindustry:
Travel

City Rank (Jakarta)

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National Rank (Indonesia)

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SB Score:690

Moglix is an Asia-based B2B commerce company specializing in industrial procurement of MRO, Safety, Electrical & Lighting, Cleaning & Laundry Supplies, Office Supplies, and Tools. They provide essential industry products for businesses, making purchasing efficient and convenient.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Singapore City)

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SB Score:687

Publishers of leading games like Moonton (Mobile Legends: Bang Bang), Garena (Free Fire) and Tencent (PUBG Mobile), streaming platforms like beIN and Bigo Live, apps like Tinder, and video-on-demand platforms like Viu have integrated with Coda Payments to accept payments. Coda Payments is headquartered in Singapore with dozens of additional outposts around the world. It is backed by Apis Partners and GMO Global Payment Fund, whose strategic management company is GMO Payment Gateway, Japan’s largest online payment gateway. Coda Payments has recently been named the 28th fastest growing company in the Asia-Pacific region by the Financial Times (making it the second fastest growing fintech company in its region), the 8th fastest growing company in Singapore by The Straits Times, and a Technology Pioneer by the World Economic Forum.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Singapore City)

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National Rank (Singapore)

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Global Rank (WorldWide)

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6th

Momo
SB Score:664

Momo is a FinTech startup that offers a mobile, electronic wallet, and payment application for iOS and Android devices. Its products help customers in Vietnam make nationwide cash transfers, pay more than 100 types of bills, recharge mobile phone accounts, settle personal loans, and purchase services such as software license and online game cards, airline and movie tickets, etc. The company’s payment system partners with 24 domestic banks and foreign payment networks, including JCB, MasterCard, and Visa.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Ho Chi Minh City)

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National Rank (Vietnam)

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Global Rank (WorldWide)

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SB Score:556

Bolttech is revolutionizing insurance sales with an AI-driven platform for easy and efficient insurance purchases. Protect your assets seamlessly with our innovative point of sale solution.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Singapore City)

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National Rank (Singapore)

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8th

Trax
SB Score:585

Trax provides offers in-store execution tools, market measurement services, and data science solutions for retail. Its mission is to enable brands and retailers to harness digital technologies' power to produce the best shopping experiences imaginable. Trax’s retail platform allows customers to understand what is happening on a shelf, in every store, all the time so they can focus on what they do best – delighting shoppers. Many of the world’s top CPG companies and retailers use Trax’s dynamic merchandising, in-store execution, shopper engagement, market measurement, analytics, and shelf monitoring solutions at scale to drive positive shopper experiences and unlock revenue opportunities at all points of sale. As a pioneer in computer vision, Trax continues to lead the industry in innovation and excellence through the development of advanced technologies and autonomous data collection methods. Trax is a global company with hubs in the United States, Singapore, and Israel, serving customers in more than 90 countries worldwide.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Singapore City)

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National Rank (Singapore)

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Global Rank (WorldWide)

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Advance Intelligence Group is a pioneering AI technology company that harnesses the power of artificial intelligence to deliver innovative solutions across diverse industries, enhancing efficiency and driving growth through data-driven insights and automation.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Singapore City)

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SB Score:670

Akulaku offers a range of virtual payment services through its banking and digital finance platform. Users can easily access and manage their finances online, making transactions convenient and secure.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Jakarta)

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National Rank (Indonesia)

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Global Rank (WorldWide)

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Total amount:31

Top Hiring Unicorns in South East Asia by Employee Number

The top three hiring unicorns in South East Asia have an average employee size that is larger than to the global average. Among these, the Software & Data industry features the unicorn with the largest workforce.
SB Score:745

Flash Express is a logistics and transportation company that operates a door-to-door pickup and delivery service. The company uses its fully in-house developed technology and Big Data to digitize and standardize the delivery process which allowed it to increase operational efficiency and offer competitive prices. Under the business of Flash Group, apart from Flash Express service, the company also provides other services that cover all areas to be the integrated E-Commerce service provider, such as Flash Logistics that provide large items delivery service, Flash Fulfillment that deals with goods storage, Flash Home or parcel delivery agent service, and Flash Money or financial service. The company was established in 2017 and is headquartered in Bangkok, Thailand.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Bangkok)

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National Rank (Thailand)

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Global Rank (WorldWide)

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SB Score:695

J&T Express is a leading global logistics company specializing in fast and reliable delivery services for the growing e-commerce sector. Their efficient solutions cater to businesses looking for seamless shipping options worldwide.

Industry:
Transportation
Subindustry:
Logistics

City Rank (Jakarta)

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National Rank (Indonesia)

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Global Rank (WorldWide)

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SB Score:725

Ninja Van is a growing startup in the logistics space, solving the last mile problem via a multitude of strategic tie-ups and a cutting-edge technology stack via our reactive and distributed systems. The service provides innovative technology-based solutions for reliable last-mile delivery, enabling easy package tracking.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Singapore City)

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National Rank (Singapore)

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SB Score:644

Kopi Kenangan is an up-and-coming coffee chain in Indonesia, using a tech-driven 'grab & go' approach for quick service. With rapid growth, they aim to revolutionize the coffee industry.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Jakarta)

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National Rank (Indonesia)

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Total amount:31

Best Countries for Startups

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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Global RankCountryTotal Score

Access subscores for 1000 cities and 100 countries

Quantity Score
Quality ScoreBusiness Score
1st
0
United States
215.001
00.00
00.00
00.00
2nd
0
United Kingdom
55.995
00.00
00.00
00.00
3rd
0
Israel
51.557
00.00
00.00
00.00
4th
0
Canada
38.254
00.00
00.00
00.00
5th
+
1
Singapore
37.736
00.00
00.00
00.00
6th
-
1
Sweden
27.024
00.00
00.00
00.00
7th
0
Germany
25.830
00.00
00.00
00.00
8th
0
France
24.894
00.00
00.00
00.00
9th
+
1
The Netherlands
24.462
00.00
00.00
00.00
10th
+
1
Switzerland
24.081
00.00
00.00
00.00
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