BORONG RANKS SECOND FASTEST-GROWING COMPANY IN ASIA PACIFIC BY FINANCIAL TIMES

KUALA LUMPUR, March 24 (Bernama) -- Borong, a local business-to-business technology e-procurement and e-marketplace company, has been ranked the second fastest-growing company in the Asia-Pacific region in the Financial Times High-Growth Companies Asia-Pacific 2025 list.

Compiled in partnership with Statista, the prestigious ranking honours companies that have achieved the highest compound annual growth rate (CAGR) in revenue from 2019 to 2023.

In a statement today, Borong said the company is the highest-ranked Malaysian company on this year’s list and one of only seven companies from Malaysia featured among the top 500 high-growth firms across 13 Asia-Pacific economies.

It said the list includes companies from Japan, South Korea, India, Singapore, Australia, and more, spotlighting those that have demonstrated exceptional performance in times of economic volatility.

“The list is a widely respected benchmark of entrepreneurial success in the region. Companies were selected based on independent data and rigorous methodology that evaluated CAGR, absolute revenue growth, and transparency.

“With this latest recognition, Borong joins the ranks of regional leaders redefining how commerce is done in Asia Pacific,” it said.

Founded in 2017, Borong started with a mission to digitise traditional supply chains for underserved micro, small, and medium-sized enterprises (MSMEs).

What began as a bootstrapped startup with just US$300,000 (US$1= RM4.43) in revenue, Borong has since scaled rapidly to reach over US$51.33 million in revenue by 2023, representing an extraordinary CAGR.

“While the company’s roots are in empowering traditional retailers and wholesalers, Borong has also become a trusted digital supply chain partner for large multinational and Fortune 500 companies such as Petroliam Nasional Bhd, Nestle, Shell, and other global brands,” it added.

-- BERNAMA