Soft Space

Soft Space is a developer of a digital payment platform intended to help open banking systems and application programming interfaces to connect the ecosystems together.

Soft Space aims to simplify financial infrastructures and enable frictionless payments for customers in a simple yet cost-effective manner.

Soft Space was founded in Mar 2012 by Chang Chew Soon. The company headquartered in Kuala Lumpur, Malaysia. Soft Space is present in banks across Malaysia, Indonesia, Thailand, Singapore, Vietnam, the Philippines, Australia and New Zealand.

 

Soft Space's payments platform enables businesses to provide a “frictionless” payments experience for customers. The company's "Soft Space Payments Platform" incorporates secure open application program interfaces (APIs) to enable third parties to develop value-added features that can be easily integrated with our platforms.

 

Soft Space makes payments as painless as possible for their customers through a full suite of products and services that is easy and cost effective to use. The platform also harnesses data to provide its business customers with actionable insights and ensures clients remain compliant with regulatory standards.

 

Soft Space's technology is being adopted by over 70 financial institutions and partners in Japan, Europe, Oceania, and the Americas. Some of their more notable clients include Maybank, CIMB, Hong Leong Bank, and Bank of New Zealand.

 

Soft Space is currently focusing on expanding into omnichannel payments, including the adoption of artificial intelligence, QR code payments, e-wallet systems, and money lending schemes.

 

Soft Space is backed by Southern Capital Group (SCG), KB Investment, JCB, Sumitomo Mitsui Card Company, transcosmos, Hibiscus Fund, RHL Ventures, and others. The company raised $31.5M in a Series B1 round on Apr 06, 2023. This brings Soft Space's total funding to $42.5M to date.

 

 

  • Year founded: 2012
  • Funding Info: $42.5M over 4 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Kuala Lumpur
  • State: Kuala Lumpur
  • Country: Malaysia
Related businesses