Top SaaS Companies in Malaysia

List of the largest SaaS companies in Malaysia (Click to apply)

These are the top SaaS companies in Malaysia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Malaysia by featuring these 29 companies with combined revenues of $52.9M.

Together, Malaysia SaaS companies employ over 817 employees, have raised $570.0K capital, and serve over 9M customers around the world.

$0 - $1M ARR
  1. Runcloud $540.0K
  2. WHENSO $500.6K
  3. Shoppegram $437.9K
$5M - $10M ARR
  1. StoreHub $6.5M
  2. Merimen $5.1M
$10M+ ARR
    1. 01
      StoreHub

      StoreHub

      E-Commerce Software

      Developer of a cloud-based point of sale software created for retailers to digitize their business. The company develops a cloud-based point of sale system that offers real-time reports, inventory management and customer data collection that help to connec

      $7M

      $15M

      15K

      204

      2013

      Malaysia

    2. 02
      Merimen

      Merimen

      Insurance

      Leader in enterprise solutions for the insurance industry in the Asia-Pacific region, Middle-East and North Africa. Pioneering the use of Software as a Service (SaaS) in the motor insurance industry. www.merimen.com

      $5M

      105

      2000

      Malaysia

    3. 03
      Jibble Group

      Jibble Group

      Software as a Service Platform(SaaS)

      Developer of a workforce management platform designed to track and monitor time, attendance and productivity of employees. The company's cloud platform tracks and presents timesheets, reports, provides alerts and statistics of productivity, offers various

      $5M

      40K

      57

      2016

      Malaysia

    4. 04
      Dropee

      Dropee

      Retail Software

      Dropee is a SaaS-enabled marketplace that connects brands like Unilever and Nestle with local retail...

      $4M

      50K

      44

      2020

      Malaysia

    5. 05
      Piktochart

      Piktochart

      Internet

      Developer of an infographics application tool intended to help people craft visual stories without any experience in design. The company's application tool combines the art (design) of infographic together with science (data or content), enabling users to

      $4M

      8M

      50

      2011

      Malaysia

    6. 06
      SoftSolvers Solutions

      SoftSolvers Solutions

      CRM and Related Software

      The company primarily operates in the Software industry. SoftSolvers Solutions was founded in 2015 and is headquartered in Folsom, CA.

      $3M

      100

      37

      2015

      Malaysia

    7. 07
      Softinn Solutions

      Softinn Solutions

      Enterprise Software

      Provider of a travel technology platform intended to offer online hotel search and booking services. The company's travel technology platform develops a cloud-based hotel reservation system for small and medium-sized hotels, enabling them to sell more room

      $3M

      1K

      35

      2013

      Malaysia

    8. 08
      Lapasar.com

      Lapasar.com

      Procurement Software

      Developer and provider of a procurement solution intended for vendor management, order management, user management, product management, etc. The company's solution integrates workflow management, transaction management & document management, enabling clien

      $3M

      $2M

      31

      2016

      Malaysia

    9. 09
      RentGuard

      RentGuard

      Financial Services Software

      Developer of cloud-based property management platform designed to make renting process more transparency and digitalise property operation. The company's platform provides a hassle-free technology solution to tackle real-life problems in real estate indust

      $3M

      30

      2016

      Malaysia

    10. 10
      Vantage Point Security

      Vantage Point Security

      Unifying people, process and technology to design, develop and deploy secure applications.

      $3M

      140

      28

      2014

      Malaysia

    1-10 of 29

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    What are the fastest growing companies doing?

    83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

    Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

    If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

    Which CEO’s are the most efficient capital allocators?

    We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

    Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

    Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

    The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.