Financial technology company Lista, delivery service provider Mober and neo bank Zed landed on Forbes Asia’s list of 100 outstanding startups in Asia-Pacific that have shown significant impact in their respective industries and consistent financial growth.
Lista, founded in 2021, is a financial management app catering to individuals and small businesses. The platform employs analytics tools to track cash flow, spending and payment.
The startup has raised over $5 million in funding while its app has been downloaded over 2.5 million times.
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Mober, on the other hand, is a logistics firm founded in 2018 that uses a fleet of electric vehicles for last-mile delivery services. It is currently deploying 60 electric trucks but the company wants to grow the fleet to 238 units by next year.
The company recently received a $6-million capital infusion from Singaporean investment company Clime Capital for fleet expansion and construction of a charging facility in Pasay City.
Lastly, four-year-old Zed is the first local digital bank to offer credit card services. It expects to initially onboard 40,000 customers.
The neo bank raised $6 million in seed funding from American venture capitalist Valar Ventures.
10 industries
In this fourth annual edition of “100 to Watch” list, Forbes Asia picked companies from 16 countries and territories coming from 10 industries including enterprise technology and robotics, finance and manufacturing and energy.
India had the “biggest presence” in the list this year, Forbes Asia said, with 20 companies. This was followed by Singapore (15), mainland China (10), Japan (9) and Indonesia (8).
The 100 companies acknowledged by Forbes Asia have raised over $2 billion in total funding.
“This influx of investment was driven by their innovations, spanning some of the world’s hottest industries such as spacetech, biotech and robotics. Their ambition and achievements thus far paint a positive picture for the future of Asia-Pacific’s startup ecosystem,” said Rana Webber Watson, editorial director at Forbes Asia.
For the selection, Forbes Asia considered Asia Pacific-based startups with annual revenue of no more than $50 million and total funding below $100 million. —Tyrone Jasper C. Piad INQ