AVA Software: An All-Inclusive Yacht Charter Software

Top 10 Startups in Singapore - 2020

Since the World Bank Group ranked Singapore as the world’s top location for ease of doing business, “Asia’s Silicon Valley” has been busy cementing its position as a prominent hub for business. Furthermore, Singapore’s corporate tax policies are pro-market, and the benefits extend to companies owned by foreigners. Interestingly, foreign-owned companies also benefit from open ownership rules and minimal controls on currency movement, as the government allows foreigners to own 100% of the stock of a company incorporated in Singapore, without the need to have local partners or shareholders. This enables startups to adopt the capital structure that is suitable for them rather than is forced into something the government desires. The factors discussed above allow startups to function freely with easy access to funds without onerous laws without any restrictions on capital movement into or out of Singapore.

Finally, Singapore has been described as the second freest economy in the world, making it a great place for startups to operate. One can set up a business in any sector as trade is not limited, and the currency is stable, allowing for capital to flow easily in and out of the country. To help organizations and business leaders select the startup organizations, StartupCity’s editorial board has assessed and shortlisted the lynchpin amongst startups in Singapore. These companies offer robust products coupled with innovative strategies that are distinctively prominent in the field. We present to you “Top 10 Startups in Singapore 2020.”

Top Startups in Singapore

Founded in 2019, AVA Software is a travel technology company that has developed the first mobile application, website, and cloud-based proprietary software application for the management of charter sales directly for yacht charter professionals, hospitality and travel professionals. With its proprietary software—powered by artificial intelligence—AVA Software creates a seamless online channel for yacht chartering agencies and its user partners (hotel groups, travel agencies, and brokers). Powered by artificial intelligence, LYW is where ‘yachting and hospitality meets,’ helping its customers to search for the perfect vessel, compare different products, check availability, make a booking, and pay for it securely.


Bestlabs’ in-house calibrations are conducted in the company’s fully equipped laboratories to accommodate a diverse range and types of instrumentation, while ensuring calibrations meet Standards and the necessary accuracy is achieved. The people at BestLabs have accrued proficiency in the calibration arena for over decade. The company's core focus is to deliver accurate calibration. Together with Bestlabs' primary service of in-house calibration for vast client base, the company also cater for onsite service calibration as well as repair services for all major industries


CardUp is a credit card enablement platform, which enables the payment or collection of big expenses using credit card, in places where cards are not accepted today. Examples of payments include rent, tax, invoices, payroll and more, which are still paid by cash, cheque or bank transfer. With CardUp, individuals and businesses can now shift these big payments to their existing credit cards, where they couldn't before. This provides an unparalleled opportunity to earn credit card rewards, access interest-free credit and digitise payments - making big payments rewarding


Janio is a leader in building logistics networks to provide an integrated cross-border delivery solution for eCommerce players wanting to expand their reach into the 10 country members of ASEAN. They operate as a technology platform serving some of the biggest eCommerce marketplaces, business owners, and logistics partners alike, connecting these key players across Southeast Asia’s eCommerce ecosystem. Janio provides seamless end-to-end crossborder eCommerce logistics solutions to eCommerce businesses, so that people can focus on growing and scaling up their business


Merkle Science's blockchain transaction monitoring platform provides near real-time analysis that detects and flags suspicious cryptocurrency transactions. Leverage proprietary risk algorithms for transaction thresholds, laundering patterns and layering heuristics and an extensive database of cryptocurrency addresses to manage your risk exposure to criminal activity.Merkle Science provides blockchain transaction monitoring and intelligence solutions for cryptoasset service providers, financial institutions and government agencies to detect, investigate and prevent money laundering, terrorist financing and other criminal activities


Singapore-based RisikoTek is a pioneer in the detection of financial crime; from identifying terrorist links behind wildlife crime, following trading routes in counterfeit medication activities, uncovering the trail of illicit import and export of goods in a case of government corruption. By combining years of experience in criminal investigations with innovative and advanced technologies, the company has developed a next-gen data and network analytics system, AMALIA. It is a proprietary engine with powerful algorithms built explicitly on financial crime typologies to spot illicit activities such as money laundering. AMALIA has an easy-to-use layer of visualization and collaboration that provides the most profound insights to organizations in one easy to digest visual understanding




AirTrunk is a rapidly growing technology company that exists to reimagine, build and operate data centres that will meet the needs of the world’s largest and most influential technology companies now and into the future. Having opened Australia’s first and largest hyperscale data centres, and with development underway in Singapore and Hong Kong, AirTrunk is quickly expanding across the Asia Pacific



iPaymy’s secure and easy to use platform reliably delivers payments to vendors while freeing up cash and providing access to interest free credit. Now one can forget the delays and aggravations that come with traditional SME financing options. In addition, scheduling recurring payments, managing invoices, setting payment reminders, and monitoring payment status can be done from one dashboard. With iPaymy for Business, SMEs can pay rent, salaries, invoices, and even corporate tax using the credit cards they already have in their wallet today. SMEs love iPaymy because it works like a credit card, but pays like cash

Lucence Diagnostics

Lucence Diagnostics

Lucence is a precision oncology company dedicated to creating state-of-the-art, highly sensitive liquid biopsy tests for early disease detection and personalized treatment selection. Lucence launched its flagship test LiquidHALLMARK, a swift, simple, and sensitive liquid biopsy covering a wide range of clinically relevant biomarkers. Our goal is to provide non-invasive diagnostic options so each patient can receive fast, targeted care. Lucence is headquartered in Palo Alto and Singapore, and its services are delivered worldwide through a CLIA-licensed and CAP-accredited central laboratory



Talcyon is a pioneer in developing the Acoustic Pulse Reflectometry (APR) technology, an advanced NDT solution for inspection of tubes. The company main goal is to make inspection simpler and smarter.Talcyon serve industries such as oil and gas, chemical, power generation, marine, HVAC, petrochemical, food & beverage and paper & pulp. Talcyon provide solutions to various industries requiring tube inspection eg: Boilers, Fin Fans, Condenser, Heaters, Economizers, Super Heaters, other heat exchangers, etc. It also helps to deliver the best value to stakeholders by providing products and solutions which improves inspection efficiency and operational safety