Borong has been ranked the No. 1 fastest-growing company in the Asia-Pacific region by the Financial Times in its High-Growth Companies Asia-Pacific 2026 list, marking the second consecutive year the Malaysian B2B eProcurement platform has topped the ranking.
Compiled with Statista, the list tracks the top 500 firms based on revenue compound annual growth rate between 2021 and 2024.
The company, formerly known as Dropee, climbed from second place in 2025 to first in 2026, reinforcing what Chief Executive Officer Aizat Rahim described as “a strategy of sustainable, compounding growth driven by genuine enterprise value.”
Borong also remains the highest-ranked Malaysian firm on the list, which spans 13 economies including Japan, South Korea, India and Australia.
Founded in 2017, Borong has expanded from a bootstrapped startup generating US$300,000 in revenue into a regional procurement platform serving both MSMEs and multinational corporations. Its recent push into sectors such as oil and gas, semiconductors, property and construction, banking and defence reflects a shift towards becoming a full-spectrum enterprise supply chain solution.
The firm has also secured an exclusive procurement partnership with Shell, while supporting supply chain operations across Malaysia’s semiconductor ecosystem.
Borong’s platform now serves a wide user base, from small retailers in rural areas to large corporations including Petronas, enabling digital procurement, vendor management and distribution integration.
Backed by global investors such as Y Combinator, Borong continues to position itself as a key infrastructure player in Southeast Asia’s digital economy, with a parallel focus on improving access and economic inclusion for underserved communities.
