SINGAPORE, 15 September 2026 - IFS Capital Limited (“IFS Capital”) has been recognised among Singapore’s Most Innovative Companies 2026, an inaugural list by Tech in Asia and Statista recognising companies that demonstrate measurable innovation across products, processes, technology adoption and organisational transformation.

IFS Capital ranked 33rd among 68 Singapore-headquartered companies recognised on the list. The inaugural ranking features 127 awardees in total, comprising 68 Singapore-headquartered companies and 59 international companies across a range of industries.

A Decade of Transformation

For IFS Capital, the recognition reflects a decade of transformation focused on one fundamental question: how can technology help us serve our clients better?

Rather than innovating for innovation’s sake, IFS Capital has focused on solving real operational challenges. Over the past decade, the Group has re-engineered core processes, reduced manual handoffs, automated routine work and rebuilt its core lending system, which is now deployed across all five of its markets.

The Group has also begun a similar transformation of its insurance systems, continuing its efforts to build more efficient platforms and processes across its businesses.

Turning Technology Into Better Outcomes

The impact of this transformation can be seen across the Group.

At Friday Finance, IFS Capital’s licensed digital moneylender, on-time repayment rates increased from 36% in 2022 to 86% in 2025. A key part of the product design is to encourage and reward timely repayment rather than focusing solely on penalties for missed payments. Borrowers who repay on time receive a 50% rebate on their administrative fees, aligning Friday Finance’s model with its clients’ success.

Through Lendingpot, the Group’s digital loan marketplace, borrowers can apply once and access offers from more than 70 lenders. The platform is live in Singapore, Malaysia and Hong Kong (SAR), and has achieved a 4.9 out of 5.0 rating across more than 1,000 Google reviews.

Innovation is also extending into investment and insurance.

IFS Asset Management’s Private Credit Income Fund surpassed S$60 million in assets under management within its first year and was named Singapore Fund Launch of the Year at the Asia Asset Management Best of the Best Awards 2026.

Meanwhile, ECICS, IFS Capital’s general insurance business, introduced EV-specific coverage for autonomous driving functions and private EV chargers. Through a partnership with Phillip Securities, Tesla policyholders can also receive fractional Tesla shares as a reward, connecting insurance benefits with an asset that many of its customers already value.

Building for Continuous Improvement

The recognition is ultimately a reflection of how IFS Capital approaches transformation across the Group.

“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 of IFS Capital.

From lending and insurance to asset management, IFS Capital will continue to invest in technology, improve its platforms and develop its people to make financial services more accessible, efficient and relevant for the clients and communities it serves.

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.

The Group operates 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.

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See the full list here: Singapore’s Most Innovative Companies 2026