Spiking, a Singapore-based global Fintech company on Tuesday (17 January) was named within Singapore’s fastest growing companies 2023 list created by The Straits Times and Statista, a Germany-based global research firm.
Spiking received a good ranking position at 29 out of 100, based on the compound revenue growth rate of the company from 2018 to 2021.
It is noted that the firm has got an absolute growth rate of 403.5% and a compound annual growth rate (CAGR) of 71.39% from 2018 to 2021; revenue increased from SGD 721,000 in 2018 to SGD 3,630,000 in 2021.
What does Dr. Clemen Chiang have to say about his success?
Dr. Clemen Chiang, the Founder of Spiking & Creator of The Insiders Trading Blueprint is glad to share this news with every member of his team. In his words,
“I help new traders learn the ropes with simple but powerful insider trading secrets so that you can invest alongside the giants of the markets, make a lot of money, and have a lot of fun in the process.”
I am delighted that we finally made it after working hard for so long. I am thankful to every part of my team who work tirelessly to find out and analyze the information beneficial for our clients.
About The Straits Times Listing
On a list of 100 companies prepared by The Straits Times and German-based global research firm Statista, a range of enterprises have made the cut, including a labor management platform, a producer of video technology, and a metal recycling service. The companies’ revenue growth from 2018 through 2021 is the basis for the rating, which is now in its fifth year.
How They Find The Fastest-Growing Companies?
A list of 100 local enterprises that saw significantly high sales growth between 2018 and 2021 is called Singapore’s Fastest Growing Companies.
From May to September 2021, businesses wishing to appear on the league standings had to enroll on websites Statista and The Straits Times had developed.
More than 2,000 businesses in Singapore have also been identified by Statista as prospective ranking contenders through research in data storage and other public sources. These businesses received invitations to join in the competition via phone, email, and postal mail.
They had to meet tough requirements, including being independent businesses with their headquarters in Singapore and generating at least $150,000 in sales in 2018 and $1.5 million in 2021.
In Singapore, Statista looked at the publicly available revenue information for more than 600 public enterprises. The list was then expanded to include specific well-known businesses that satisfied the aforementioned requirements.
Based on the sales statistics provided by the corporations in their various national currencies, growth rates were calculated. To make a comparison, these amounts were then transformed to Singapore dollars.
The end result is a list of businesses ranked according to their compound annual growth rate, which is determined by accounting for three-year sales growth.