What is Soft Space?
Founded in 2012 and headquartered in Kuala Lumpur, Malaysia, Soft Space has evolved into a critical infrastructure provider for the regional financial sector. The company specializes in omnichannel payment solutions, serving over twenty financial institutions across ten countries. By integrating advanced technologies such as artificial intelligence, QR code payment processing, and sophisticated E-wallet systems, Soft Space effectively bridges the gap between traditional banking and modern digital commerce. Its strategic focus on money lending schemes and digital transformation positions it as a cornerstone of the ASEAN FinTech ecosystem, enabling seamless transaction experiences for both merchants and consumers.
How much funding has Soft Space raised?
Soft Space has raised a total of $66.5M across 2 funding rounds:
Series A
$5M
Series B
$61.5M
Series A (2017): $5M with participation from Transcosmos
Series B (2023): $61.5M led by Transcosmos, JCB, Southern Capital Group, Aerodyne Group, and Hibiscus Fund
Key Investors in Soft Space
Transcosmos
Transcosmos inc. is a Japan-based firm specializing in comprehensive outsourcing services, including business process management, digital marketing, and customer support desk operations.
JCB
JCB is a globally recognized leader in the manufacturing of construction and agricultural machinery, operating extensive facilities across multiple continents to support international infrastructure development.
Aerodyne Group
Aerodyne Group is a Malaysian-based DT3 enterprise solutions provider that utilizes drone technology and AI-powered analytics to drive digital transformation and industrial productivity.
What's next for Soft Space?
The infusion of capital from the latest funding round is expected to accelerate Soft Space's transition toward a more comprehensive omnichannel payment ecosystem. By leveraging its existing footprint, the company is well-positioned to deepen its integration of AI-driven analytics and expand its suite of digital financial services. Future strategic initiatives will likely prioritize the scaling of its lending infrastructure and the enhancement of its proprietary payment gateway, ensuring that Soft Space remains at the forefront of the digital transformation wave currently sweeping through the Southeast Asian financial services industry.
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