The days of easy money for start-ups are gone as interest rates soar and economic uncertainties loom.
But according to a new study from LinkedIn, these 15 start-ups have risen above these challenges in Singapore.
In particular, fintech, education and telehealth start-ups dominated the list on the “LinkedIn Top Start-ups 2022″ for Singapore.
“But while it’s a challenging moment, some argue that innovative ideas are born in times of uncertainty,” LinkedIn said.
“Operating under constrained resources and limited capital can push young companies to prioritize assets and values and adapt quickly.”
In compiling the list, LinkedIn drew on in-house data collected between July 1, 2021 and June 30, 2022, measuring start-ups based on four aspects — employment growth, engagement, job interest and attraction of top talent.
To be eligible, companies had to be headquartered in Singapore, have 50 or more employees, and be seven years or younger at the time of calculation.
The professional networking site said the rankings serve as a resource for employees who are “excited by the opportunity to innovate” and to grow their skills.
Here’s the full list of Singapore’s Top Start-ups 2022.
15. Geniebook — E-Learning services
14. Carro — Automotive marketplace
13. Zenyum — Retail
12. Syfe — Financial services
11. Advance Intelligence Group — Financial services
10. LingoAce — E-Learning services
9. Spenmo — Financial services
8. Cake DeFi — Financial services
7. ADDX — Financial services
6. Homage — Health care services for elderly
5. Pace Enterprise
Industry: Financial services
Full-time headcount: 120
Most common skills: Digital literacy, business management, digital marketing
4. Endowus
Industry: Financial services
Full-time headcount: 140
Most common skills: Development tools, web development, digital literacy
3. Flash Coffee
Industry: Food and beverage services
Full-time headcount: 130
Most common skills: Digital literacy, business management, data science
2. Doctor Anywhere
Industry: Health care
Full-time headcount: 560
Most common skills: Digital literacy, project management, data science