The Financial Times and Statista's eighth annual High-Growth Asia-Pacific Companies ranking crowns Malaysian ecommerce platform Borong as the region's fastest-growing firm. Its revenue soared to $99.7 million, achieving a staggering compound annual growth rate (CAGR) of 295 per cent between 2021 and 2024, propelling it from second place last year. South Korea dominates the top tier, claiming second and third spots with tax software firm Bznav and another ecommerce platform, InPock.

The ranking, based on verified revenue data from participating public and private companies, reveals a minimum CAGR threshold of 8.4 per cent this year, slightly higher than 2023. Singapore and India lead in company representation, each hosting 101 firms, followed by Japan with 82 and South Korea with 79. IT & software companies dominate the list at 21.4 per cent, trailed by fintech (9.6 per cent) and healthcare (5.6 per cent).

For the first time, Chinese firms feature in the ranking. However, the list isn't exhaustive; many privately held fast growers remain unlisted due to non-disclosure or non-participation. The ranking's methodology and detailed analysis are published alongside a special report due April 10, highlighting key regional growth sectors.