Investors have set their eyes on Asia, the new emerging economy, mainly because the number of billionaires in Asia has increased dramatically over the past decade. Especially those who have started off in the tech industry, including AI and fintech. Not to mention transportation!
Here are the top ten fastest growing tech startups in Asia, based on the latest information on funding, valuation, and user base:
1. PhonePe
This India’s largest digital payment platform can see its best day ahead since the growing needs from consumers are tremendous, with billions of transactions every month. On March 11, 2025, PhonePe has received 600 million (60 crore) registered users, according to the Press Release from its official website. Sameer Nigam, Co-founder & CEO, PhonePe has said, “Reaching 60 crore registered users is a proud moment for all of us at PhonePe.”
ð Founded in: 2015
ð Category: Financial Technology (Fintech)
ð Funding: $2.6 Billion
ð Valuation: $12 Billion
ð Users: 600 Million
ð Location: India, Bengaluru
2. Grab
Having operated in nearly 800 cities in Southeast Asia (according to its CEO Anthony Tan), Grab has secured its place among the top ten fastest growing startups in Asia.
ð Founded in: 2012
ð Category: Transportation
ð Funding: $10.4 Billion
ð Valuation: $19.6 Billion
ð Users: 43 Million
ð Location: Singapore
3. Preferred Networks
This Japanese AI startup integrates machine learning technologies to the applications of the Internet of Things (IoT). From the company profile, “Preferred Networks (PFN) develops practical applications of deep learning and other cutting-edge technologies in order to solve real-world problems that are difficult to address with existing technologies.”
ð Founded in: 2014
ð Category: AI
ð Funding: $190 Million
ð Valuation: $2 Billion
ð Fields: Transportation, Manufacturing, Life Sciences, and Robotics
ð Location: Japan, Tokyo
4. AI Medical Service Inc.
This Japanese startup allows the doctors to analyze gastrointestinal images from endoscopies, and today it has secured partnerships with 100 medical institutions worldwide.
ð Founded in: 2017
ð Category: AI
ð Funding: $121.85 Million
ð Partners: 100 Medical Institutions Globally
ð Location: Japan, Toshima
5. MoMo
The first-ever super app in Vietnam evolved from an e-wallet to become the country’s first fintech to achieve full-year profitability in 2024.
ð Founded in: 2007
ð Category: Financial Technology (Fintech)
ð Funding: $434 Million
ð Valuation: $2 Billion
ð Users: 40 Million
ð Location: Vietnam, Ho Chi Minh
6. TIER IV Inc.
TIER IV Inc. is one of the fastest startups in Japan as well as Asia.
ð Founded in: 2015
ð Category: Autonomous Driving Technology
ð Funding: $100 Million
ð Valuation: Approximately $654 Million
ð Partners: 200 Companies
ð Location: Japan, Tokyo
7. Zhipu AI
This startup company has developed its General Language Model series capable of text generation, code completion, and multimodal understanding.
ð Founded in: 2019
ð Category: AI
ð Funding: $1.4 Billion
ð Valuation: $2.79 Billion
ð Users: 25 Million
ð Location: China, Beijing
8. Xendit
Founded in 2015, Xendit provides digital payment solutions for businesses in Southeast Asia and beyond.
ð Founded in: 2015
ð Category: Financial Technology (Fintech)
ð Funding: $538 Million
ð Valuation: $1.5 Billion
ð Clients: Southeast Asian Countries
ð Location: Indonesia, Jakarta
9. JUSPAY
JUSPAY simplifies payment orchestration and global coverage, boosts conversions, reduces fraud, and delivers seamless customer experiences, according to its official website.
ð Founded in: 2012
ð Category: Financial Technology (Fintech)
ð Funding: $147.42 Million
ð Valuation: $1 Billion
ð App Installs: 2.5 Billion+ SDK Installs
ð Location: India, Bengaluru
10. Carro
Carro is one of the Asian unicorns since its founding in 2015. It is also the largest used car selling platform in Southeast Asia.
ð Founded in: 2015
ð Category: Automotive Marketplace
ð Funding: $686 Million
ð Valuation: $3.8 Billion
ð Monthly Active Users: 2 Million
ð Location: Singapore