What is Soft Space?
Founded in 2012 and headquartered in Kuala Lumpur, Malaysia, Soft Space has established itself as a key player in the financial technology sector across Southeast Asia. The company's solutions have been adopted by over twenty financial institutions in ten countries. Soft Space is actively evolving its offerings to encompass omnichannel payments, integrating advanced technologies such as artificial intelligence, QR code payments, e-wallet systems, and money lending schemes to enhance its market position and service capabilities.
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, Hibiscus Fund, Transcosmos, JCB, and Aerodyne Group
Key Investors in Soft Space
Transcosmos
Transcosmos is a Japan-based company providing comprehensive outsourcing services, including digital marketing and business process outsourcing, indicating a strategic interest in Soft Space's technological advancements and market reach.
Aerodyne Group
Aerodyne Group, a leading drone technology and AI analytics provider, brings expertise in digital transformation, suggesting a focus on Soft Space's integration of AI and advanced data solutions within its payment platforms.
JCB
JCB, a global payment network, likely sees Soft Space's expansion into omnichannel payments and digital wallets as a strategic alignment with its own goals to broaden payment acceptance and user engagement.
What's next for Soft Space?
With a substantial enterprise-level funding context, Soft Space is strategically positioned for its next phase of growth. The company's focus on expanding into omnichannel payments, augmented by AI and digital wallet solutions, indicates a clear strategy to capture a larger share of the evolving digital transaction landscape. This latest investment will likely support the scaling of its operations, further technological development, and potential market penetration into new territories, solidifying its role as an innovator in the FinTech space.
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