Singapore bets right on 'gazelles': Stripe

Singapore

A TOP executive at one of the world's most valuable payments technology startups has lauded Singapore for being ahead of the curve in "realising economic transformation through high-growth startups" - what she proclaims is a little-known but important concept globally.

Claire Johnson, chief operating officer at Stripe, said that Singapore is one of few countries to have grasped that while small businesses are the backbone of every economy, it is only a very specific type of small business that is really driving growth, jobs and economic transformation: high-growth startups, also known as gazelles.