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List of the largest SaaS companies in Malaysia

Top SaaS Companies in Malaysia

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 36 companies with combined revenues of $58.9M.

Together, Malaysia SaaS companies employ over 923 employees, have raised $34.7M capital, and serve over 9M customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


01
$7M
$15M
15K
204
2013
Malaysia
02
M
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
03
JG
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 softwares and applications for activity tracking, client billing, security policies, location tracking and allows access with facial recognition also providing work schedules, enabling clients to monitor, track and record efficient productivity hours spent by employees in the organization.

$5M
$4M
40K
57
2016
Malaysia
04
D
Dropee

Retail Software

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

$4M
$9M
50K
62
2020
Malaysia
05
P
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 make presentation, banner, report and infographics easily.

$4M
-
8M
50
2011
Malaysia
06
SERV
SERV

Digital Marketing Solutions

Investment, SaaS, PaaS, R&D, Mobile App

$3M
$363K
-
33
2017
Malaysia
07
SSS
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
08
BHR
BrioHR

Information Technology & Services

Developer of human resource (HR) management platform designed to manage all HR functions. The company's platform helps in managing and accessing employee's information, store, sort and filters required documents for easy access, set reminders to update the relevant information as needed, manages leaves, organize employee directory as well as document performances, allowing clients to streamline processes and save time.

$3M
$1M
1K
26
2018
Malaysia
09
SS
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 rooms online with zero setup cost

$3M
-
1K
35
2013
Malaysia
10
L
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 clients to reduce buy time and increase their sales.

$3M
$2M
-
31
2016
Malaysia
1 - 10 of 34Next

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.