Top startups in Malaysia for 2024

In Malaysia, we rank 434 startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Startups in Malaysia are falling behind the performance of their global counterparts.

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Unicorns

Exits

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Accelerators

Top Unicorns in Malaysia for 2024

SB Score:680

Carsome is a Malaysia-based car buying site that provides an easier car buying experience for new car buyers

Industry:
Ecommerce & Retail
Subindustry:
Marketplaces

City Rank (Selangor)

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Regional Rank (South East Asia)

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Global Rank (WorldWide)

0

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Total amount:1

Best Startups in Malaysia for 2024

SB Score:656

TNG Digital offers a mobile wallet application in Malaysia, enabling seamless payments, money transfers, and financial services.

Industry:
Fintech
Subindustry:
Payments

City Rank (Kuala Lumpur)

0

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

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SB Score:647

A newly minted Malaysian indie game development studio where the digital furnace runs hot deep into the night, forging games one memorable beat at a time.

Industry:
Social & Leisure
Subindustry:
Games

City Rank (George Town)

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

0

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SB Score:643

iFlix provides a wide range of TV shows and movies for users to stream on-demand. With both free and paid subscriptions available, users can enjoy content from around the world. Access a diverse selection of entertainment at your fingertips.

Industry:
Social & Leisure
Subindustry:
Entertainment

City Rank (Kuala Lumpur)

0

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Regional Rank (South East Asia)

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Global Rank (WorldWide)

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SB Score:562

LottieFiles offers a mobile platform for designers to easily share, test, and perfect micro animations. Join to collaborate, iterate, and showcase your animations in style.

Industry:
Software & Data
Subindustry:
Software and Data-Other

City Rank (Kuala Lumpur)

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

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SB Score:546

BigPay is revolutionizing financial services in ASEAN by disrupting traditional banking. Their goal is to make financial services accessible to all by providing a user-friendly alternative.

Industry:
Fintech
Subindustry:
Fintech-Other

City Rank (Kuala Lumpur)

0

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Regional Rank (South East Asia)

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Global Rank (WorldWide)

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SB Score:495

StoreHub empowers business owners with cloud-based POS systems, an e-Commerce platform, QR loyalty programs, and table ordering. Streamline operations and boost sales with our easy-to-use tools.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Petaling Jaya)

0

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

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SB Score:466

Common Ground is a vibrant co-working space fostering a sustainable community. Join us to collaborate, innovate, and network in a supportive environment.

Industry:
Social & Leisure
Subindustry:
Social & Leisure-Other

City Rank (Kuala Lumpur)

0

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

0

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SB Score:462

Newswav is the most simple and user-friendly Malaysian news reader.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Kuala Lumpur)

0

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

0

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SB Score:462

myTukar.com is Malaysia's top car selling platform, known for its trustworthiness and transparency. Buy and sell cars with ease on this reliable platform.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Selangor)

0

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

0

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SB Score:462

Flower Chimp provides flower and gift delivery for any occasion throughout Malaysia, the Philippines, Singapore, Hong Kong and Indonesia.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Kuala Lumpur)

0

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

0

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Total amount:434

Most Funded Startups in Malaysia for 2024

The top three most funded startups in Malaysia have raised total funding of more than USD 791M. Among the top three funded startups, the most popular industry, based on total funding, is Social & Leisure.

SB Score:643

iFlix provides a wide range of TV shows and movies for users to stream on-demand. With both free and paid subscriptions available, users can enjoy content from around the world. Access a diverse selection of entertainment at your fingertips.

Industry:
Social & Leisure
Subindustry:
Entertainment

City Rank (Kuala Lumpur)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:656

TNG Digital offers a mobile wallet application in Malaysia, enabling seamless payments, money transfers, and financial services.

Industry:
Fintech
Subindustry:
Payments

City Rank (Kuala Lumpur)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse

Total amount:434

Top Hiring Startups in Malaysia by Employee Number

The top three hiring startups in Malaysia have an average employee size that is smaller than to the global average. Among these, the Ecommerce & Retail industry features the startup with the largest workforce.

New Age Real Estate specializes in property development, hospitality, and property agency services. Offering a range of real estate solutions, they strive to provide exceptional service and create innovative spaces for their clients.

Industry:
Ecommerce & Retail
Subindustry:
Marketplaces

City Rank (Petaling Jaya)

0

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

0

Browse
SB Score:643

iFlix provides a wide range of TV shows and movies for users to stream on-demand. With both free and paid subscriptions available, users can enjoy content from around the world. Access a diverse selection of entertainment at your fingertips.

Industry:
Social & Leisure
Subindustry:
Entertainment

City Rank (Kuala Lumpur)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse

The Company has developed Sentinel System, innovative software designed to prevent unauthorized copying of DVD movies. By controlling access and layout, Sentinel System ensures DVDs can be played but not copied, providing robust protection against copyright infringement.

Industry:
Hardware & IoT
Subindustry:
Manufacturing

City Rank (Kuala Lumpur)

0

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Regional Rank (South East Asia)

0

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Global Rank (WorldWide)

0

Browse

Total amount:434

Explore the Startup Ecosystem of Malaysia

Population

(Malaysia)

34.3 Million

Regional Rank

(South East Asia)

3rd

0

Global Rank

(WorldWide)

43rd

0

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Best Software & Data Startups in Malaysia for 2024

Malaysia startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data startups in Malaysia have raised more than USD 277M, an amount that is higher than the global industry average.

SB Score:562

LottieFiles offers a mobile platform for designers to easily share, test, and perfect micro animations. Join to collaborate, iterate, and showcase your animations in style.

Industry:
Software & Data
Subindustry:
Software and Data-Other

City Rank (Kuala Lumpur)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:462

Newswav is the most simple and user-friendly Malaysian news reader.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Kuala Lumpur)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse

Total amount:136

Best Ecommerce & Retail Startups in Malaysia for 2024

Malaysia startups in the Ecommerce & Retail industry are overperforming their global industry peers. The top three Ecommerce & Retail startups in Malaysia have raised more than USD 121M, an amount that is higher than the global industry average.

SB Score:495

StoreHub empowers business owners with cloud-based POS systems, an e-Commerce platform, QR loyalty programs, and table ordering. Streamline operations and boost sales with our easy-to-use tools.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Petaling Jaya)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:462

Flower Chimp provides flower and gift delivery for any occasion throughout Malaysia, the Philippines, Singapore, Hong Kong and Indonesia.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Kuala Lumpur)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:452

On a mission to make it easy and seamless to move goods, and e-commerce anywhere in Southeast Asia. It should simply work, like magic.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Selangor)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse

Total amount:79

Best Fintech Startups in Malaysia for 2024

Malaysia startups in the Fintech industry are overperforming their global industry peers. The top three Fintech startups in Malaysia have raised more than USD 415M, an amount that is higher than the global industry average.

SB Score:656

TNG Digital offers a mobile wallet application in Malaysia, enabling seamless payments, money transfers, and financial services.

Industry:
Fintech
Subindustry:
Payments

City Rank (Kuala Lumpur)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:546

BigPay is revolutionizing financial services in ASEAN by disrupting traditional banking. Their goal is to make financial services accessible to all by providing a user-friendly alternative.

Industry:
Fintech
Subindustry:
Fintech-Other

City Rank (Kuala Lumpur)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:411

Instapay is the only e-wallet in Malaysia to offer a corporate portal. It enables you to self-manage the salary payment process with greater visibility. It serves to streamline payroll processing within organizations while promoting finances.

Industry:
Fintech
Subindustry:
Accounting

City Rank (Kuala Lumpur)

0

View

Regional Rank (South East Asia)

0

View

Global Rank (WorldWide)

0

Browse

Total amount:56

Top Cities for Startups in Malaysia - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal RankTotal ScoreQuantity ScoreQuality ScoreBusiness Score
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