Borong named fastest growing Asia-Pacific company for second year

Malaysian B2B technology eProcurement & eMarketplace company Borong (formerly known as Dropee) has once again claimed the top position in the Financial Times High-Growth Companies Asia-Pacific 2026 ranking, compiled in partnership with Statista, this time rising from 2nd place to rank No. 1 across the entire Asia-Pacific region.

The ranking, now in its eighth annual edition, identifies the top 500 companies that achieved the highest compound annual growth rate (CAGR) in revenue between 2021 and 2024.

Two consecutive years of sustained growth

This is Borong’s second consecutive appearance on the FT High-Growth Companies Asia-Pacific list, and the most emphatic yet. Having ranked 2nd in 2025, Borong now claims the No. 1 position in 2026, making it not only the fastest-growing company in the region this year, but also the most consistently growing. This back-to-back recognition underscores what Borong has always believed: that sustainable, compounding growth driven by genuine enterprise value is not an accident, it is a strategy.

Borong remains the highest-ranked Malaysian company on the list and one of only a small number of Malaysian firms featured among the top 500 high-growth companies spanning 13 Asia-Pacific economies, alongside businesses from Japan, South Korea, India, Singapore, Australia, and beyond.

Expanding into new industries

Since its founding in 2017, Borong has grown from a bootstrapped startup with US$300,000 in revenue into a regional B2B technology platform funded by prominent Venture Capitalists trusted by thousands of businesses. Beyond its stronghold in FMCG and traditional retail supply chains, Borong has now expanded aggressively into new industry verticals, including:

• Oil & Gas (O&G) Procurement – Borong has secured an exclusive procurement partnership with Shell, enabling digitised, streamlined supply chain and procurement operations within the energy sector.
• Semiconductor – Borong is now serving procurement and supply chain needs in Malaysia’s growing semiconductor ecosystem, one of Southeast Asia’s most strategically critical industries.
• Property & Construction – Borong’s platform now supports procurement workflows for property developers and construction firms, addressing inefficiencies in project-based supply chains that have historically relied on manual, fragmented processes.
• Banking – framed around digitising internal procurement and vendor management for financial institutions, with a nod to regulatory compliance
• Defense & Aviation – positioned around mission-critical supply chains with emphasis on compliance, traceability, and reliability

These expansions mark a pivotal chapter in Borong’s evolution, from a B2B marketplace for MSMEs into a full-spectrum enterprise procurement and supply chain platform serving Malaysia’s most important industrial sectors.

“Ranking No. 1 in Asia-Pacific for the second consecutive year is a testament not just to our growth numbers, but to the trust our clients, partners, and team place in us every single day. We are not growing for growth’s sake, we are building infrastructure that the region needs. From empowering B40 retailers in rural Malaysia to enabling Large Enterprises procurement operations and expanding into semiconductors and construction, Borong is proving that inclusive, technology-driven commerce is the future of this region.” said Aizat Rahim, Chief Executive Officer of Borong.

From MSMEs to Multinationals Fortune 500 enterprises

Borong’s growth story is uniquely dual-sided. On one end, it continues to serve tens of thousands of micro, small, and medium-sized enterprises (MSMEs), digitising their procurement, credit, and distribution operations to help them compete in a digital economy. On the other, it has become the platform of choice for large multinationals and Fortune 500 companies including Petronas, Shell, and other global brands, enabling them to connect seamlessly with their downline distributors, dealers, and grassroots retail networks.

This breadth, from a mom-and-pop shop in rural Sabah to a multinational energy company’s procurement desk, is precisely what sets Borong apart and continues to drive its compounding growth trajectory.

A mission that extends beyond commerce

Borong’s ambitions are not merely commercial. The company has consistently championed economic inclusion, helping to narrow Malaysia’s income gap by empowering B40 communities, rural businesses, and traditionally underserved segments with better access to goods, services, and financial tools. This social mandate is embedded in Borong’s DNA and has earned it recognition not only in business rankings but also as a force for positive change in the region.

Backed by Y-Combinator (US), Ondine Capital (TW), Brama One Ventures (ID), Vynn Capital (MY), Wide-Growth Investment (HK), HCL Capital (HK), Blawpark Partners (SG), and Colopl Next Inc (JP), Borong continues to attract world-class investors who believe in its mission to become Southeast Asia’s leading B2B commerce infrastructure.