Top SaaS Companies in Singapore

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

These are the top SaaS companies in Singapore. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Singapore by featuring these 267 companies with combined revenues of $10.0B.

Together, Singapore SaaS companies employ over 39K employees, have raised $33.6M capital, and serve over 1B customers around the world.

$0 - $1M ARR
  1. Quickreach $990.0K
  2. CPDone $934.4K
  3. Uiza $933.1K
  4. Evercomm $924.5K
$1M - $5M ARR
  1. Perxtech $5.0M
  2. Oddle $4.8M
  3. Xfers $4.6M
  4. Anchanto $4.6M
  1. 01
    Novade Solutions Pte. Ltd.

    Novade Solutions Pte. Ltd.

    Information Technology & Services

    Novade offers smart field management software for the building and construction industry. Site processes including quality, safety, progress monitoring, workforce management and maintenance are digitised and automated using mobile devices. The data capture

    $10M

    116

    2014

    Singapore

  2. 02
    Salarium

    Salarium

    Payroll Software

    Salarium is a SaaS end-to-end payroll automation company that provides enterprise payroll system software for small, medium and large businesses.

    $9M

    117

    2013

    Singapore

  3. 03
    Parcel Perform

    Parcel Perform

    E Commerce Software

    Parcel Perform is the leading carrier-independent delivery experience platform for e-commerce merchants and their customers.

    $9M

    $21M

    102

    2015

    Singapore

  4. 04
    Kloudq Technologies Limited

    Kloudq Technologies Limited

    Information Technology Software

    Kloudq Technologies Limited is a digital transformation company offering innovative IoT and custom-made SaaS solutions that enable organizations to embrace digitization holistically. We partner with our customers in the areas of Sales Force Automation, Tel

    $9M

    60K

    106

    2013

    Singapore

  5. 05
    Braindigit

    Braindigit

    E-Commerce Software

    Provider of enterprise technology services. The company provides services in enterprise content management, e-commerce and development of business software and mobile applications.

    $9M

    $200K

    126

    2008

    Singapore

  6. 06
    PayAsia

    PayAsia

    Payroll Software

    Provider of payroll and human resource business process outsourcing services intended to provide consistent, accurate, and timely processing of companies payroll. The company specializes in outsourced payroll service in 18 countries across Asia Pacific and

    $9M

    1K

    129

    2006

    Singapore

  7. 07
    CXA Group

    CXA Group

    Fitness Software

    Provider of a employee benefits and workplace wellness platform designed to transform employee benefits in Asia by shifting spend from treatment to prevention. The company's platform offers a fixed benefits wallet to choose the most relevant mix of insuran

    $9M

    $58M

    400K

    199

    2013

    Singapore

  8. 08
    Skuad

    Skuad

    Skuad is a digital payroll platform to build, pay, and manage globally distributed teams.

    $8M

    $4M

    109

    2019

    Singapore

  9. 09
    JOBHOP

    JOBHOP

    Artificial Intelligence Software

    Provider of a recruitment matchmaking platform designed to make smart job searching easy. The company's platform has developed a new smart job search that helps in finding suitable job hops by automatically scores profiles and recommend suitable jobs, enab

    $8M

    2K

    95

    2016

    Singapore

  10. 10
    Esna Technologies

    Esna Technologies

    Communication Software

    Developer of cloud-enabled unified communication and collaboration system. The company serves customers organizations through phone and data networking vendors globally. Its products include Esna Officelinx,for desktop and mobile devices; Esna Officelinx M

    $7M

    87

    1989

    Singapore

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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.