Malaysian fintech Soft Space raises $31.5m in Series B1 funding round
Kuala Lumpur-based fintech company Soft Space has secured $31.5 million in a Series B1 funding round led by Southern Capital Group.
Soft Space raises $31.5m funding
Also taking part in the round were returning investor Transcosmos Inc, strategic investor JCB, and venture capital fund Hibiscus Fund, jointly managed by RHL Ventures and South Korea’s KB Investment.
Founded in 2012, Soft Space operates a payments platform that enables businesses to provide a “frictionless” payments experience for customers. The platform also harnesses data to provide its business customers with actionable insights and ensures clients remain compliant with regulatory standards.
Joel Tay, CEO of Soft Space, says the fresh funding will help the Malaysian firm “expand our global footprint and widen our customer base” as the company looks to further develop its full-stack platform.
Soft Space claims to have seen its revenue almost double over the last two years, with its payment stack now used by more than 70 financial institutions and partners in Japan, Europe, Oceania and the Americas.
