SINGAPORE, Sept. 15, 2026 /PRNewswire/ — IFS Capital Limited ("IFS Capital") has been named to Singapore’s Most Innovative Companies 2026, an inaugural list compiled by Tech in Asia and Statista. The list comprises companies across different industries in Singapore, assessed on their ability to demonstrate genuine, measurable innovation across products, processes, technology adoption, and organisational transformation.
The recognition by Tech in Asia and Statista reflects a decade of rebuilding. The most important change was in how the Group works: a traditional SME lender became a firm that turns to technology to solve its operational problems. The Group re-engineered core processes to cut manual handoffs and automate routine work and continues to do so. It rebuilt its core lending system and deployed it across all five of its markets. It has now begun the same rebuild on its insurance systems. The results are visible across the businesses:
- Friday Finance, the Group’s licensed digital moneylender, raised on-time repayment rates from 36% in 2022 to 86% in 2025. One key element of the product design is encouraging and rewarding timely repayment instead of only penalising default: borrowers who repay on time receive 50% rebate on their administrative fees, which aligns Friday Finance to the clients’ success.
- Lendingpot, the Group’s digital loan marketplace, lets borrowers apply once and receive offers from more than 70 lenders. It is live in Singapore, Malaysia, and Hong Kong (SAR) and holds a 4.9 out of 5.0 rating across more than 1,000 Google reviews.
- IFS Asset Management’s Private Credit Income Fund crossed S$60 million in AUM in its first year, and was named Singapore Fund Launch of the Year at the Asia Asset Management Best of the Best Awards 2026.
- ECICS, the Group’s general insurer, introduced EV-specific coverage for autonomous driving functions and private EV chargers. It also rewards Tesla policyholders with fractional Tesla shares, aligning the reward with an asset its clients already value, via a partnership with Phillip Securities.
"We’re glad to be recognised for the work underway across the Group. We didn’t set out to innovate as a label, but we are continuously building, and sometimes tearing down and rebuilding, our processes, products, and platforms as well as developing our people so that we never stop improving how we serve our clients," said Randy Sim, Group CEO.
About IFS Capital
IFS Capital Limited is a specialist financial institution providing private credit origination, insurance, and asset management services to SMEs, consumers, and investors across Asia. We operate through offices in Singapore, Thailand, Malaysia, Indonesia, and Hong Kong (SAR). Incorporated in Singapore in 1987 and listed on the Mainboard of the Singapore Exchange since 1993, IFS Capital is part of the PhillipCapital Group.
Source : IFS Capital Named Among Singapore's Most Innovative Companies 2026 by Tech in Asia and Statista
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