What is Soft Space?
Founded in 2012, Soft Space has evolved into a critical player within the Southeast Asian financial technology ecosystem. By providing sophisticated payment solutions to over twenty financial institutions across ten countries, the firm has established a reputation for reliability and technical excellence. The company's core value proposition centers on its ability to bridge the gap between traditional banking and modern digital requirements. Its current product suite encompasses a wide array of omnichannel payment technologies, including advanced QR code integration, E-wallet systems, and AI-driven analytics. By facilitating seamless money lending schemes and digital payment processing, Soft Space serves as a foundational layer for the region's burgeoning digital economy, effectively enabling financial institutions to modernize their service delivery models.
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 Southern Capital Group, Transcosmos, JCB, Hibiscus Fund, and Aerodyne Group
Key Investors in Soft Space
Transcosmos
Transcosmos inc. is a Japan-based company principally engaged in the provision of one stop outsourcing services, including digital marketing and business process outsourcing.
JCB
JCB is a globally recognized engineering and manufacturing firm that has diversified its interests into financial technology and payment infrastructure support.
Aerodyne Group
Aerodyne is a leading DT3 enterprise solutions provider specializing in drone technology, data analytics, and AI-powered digital transformation for industrial applications.
What's next for Soft Space?
With the recent infusion of capital, Soft Space is strategically positioned to accelerate its transition toward a comprehensive omnichannel payment ecosystem. The company's roadmap emphasizes the deeper integration of artificial intelligence to refine transaction security and user experience. Furthermore, the firm is expected to leverage its recent backing to expand its footprint in emerging markets, focusing on the adoption of QR-based payment standards and sophisticated lending platforms. As the FinTech landscape in ASEAN continues to mature, Soft Space is well-equipped to capitalize on the shift toward cashless societies, utilizing its established institutional partnerships to drive long-term value and operational scale in the competitive digital payments sector.
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