The Startup Ecosystem of Yangon

Home to 91% of Myanmar’s startups, Yangon has a vibrant startup ecosystem that is ranked 453 in the world.

CITY RANKING

In 2023, the startup scene of Yangon developed considerably and increased in the Global Ecosystem Index by 92 spots.

National Ranking

1st
0
In Myanmar

Regional Ranking

10th
+
1
In South East Asia

Global Ranking

453rd
+
92
Worldwide
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ECOSYSTEM

Browse the startup ecosystem database of Yangon

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Ecosystem

The Startup Ecosystem in Yangon

Startups in Yangon excel in Fintech, Software and Data, and Ecommerce & and Retail. There are some notable success stories contributing to the city’s growing Fintech industry. One of the most promising startups in Yangon in 2023 is Wave Money, Oway, and Frontiir.

Global Rank

Yangon is ranked within the top 500 startup ecosystems globally.

Top Industries

Yangon’s startups excel particularly in Fintech where it ranks 169 and in Software and Data, and Ecommerce & Retail. Find out more

Top Cities for Startups in Myanmar - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
Access subscores for 1000 cities and 100 countries
2023 National Rank & Change City
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Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
453rd
+
92
0.645
00.00
00.00
00.00
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Startups

Notable Startups in Yangon
Wave Money startup icon
Wave Money
Oway startup icon
Oway
Frontiir startup icon
Frontiir

Startups

Successful Fintech startups in Yangon
Wave Money startup icon
Wave Money
Grand Guardian Life Insurance Company startup icon
Grand Guardian Life Insurance Company
Dinger startup icon
Dinger

Startups

Startups Ranking by Industry

Fintech icon
Fintech
#169 worldwide

On our map, you can explore a total of 6 startups for Fintech.

Software and Data icon
Software and Data
#465 worldwide

The Software and Data industry in Yangon is ranked 465 globally. There are 4 startups for Software and Data on our sample database and map.

Ecommerce & Retail icon
Ecommerce & Retail
2 startups

Our database contains 2 startups for this industry.

ECOSYSTEM

Why should you join Yangon's Startup Ecosystem?

Overview

Within Yangon there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Software and Data, Ecommerce & Retail. These three industries represent about 60% of the startups represented on the Startup Ecosystem Map of Yangon.

1st

National Rank

10th

Regional Rank

Overview

Yangon is Myanmar's 1st best startup ecosystem and is ranked 10th in South East Asia. With a population of <0.1M people, Yangon is ranked 453rd in the world. The city has some notable startup success stories including Wave Money.

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