What is Soft Space?
Founded in 2012, Soft Space has established itself as a key player in the ASEAN FinTech sector. The company's solutions have been adopted by over twenty financial institutions across 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 Aerodyne Group, Southern Capital Group, Hibiscus Fund, Transcosmos, and JCB
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 digital payment solutions.
Aerodyne Group
Aerodyne Group is a drone technology, data technology, and digital transformation enterprise solutions provider, suggesting a focus on innovative technology integration within Soft Space's FinTech operations.
JCB
JCB is a global payment network and financial services company, highlighting a strategic partnership aimed at expanding payment processing capabilities and market access for Soft Space.
What's next for Soft Space?
The substantial enterprise-level funding indicates a strategic phase for Soft Space, likely focused on scaling its operations, further developing its AI-driven payment solutions, and expanding its market reach into new territories. The company's pivot towards omnichannel payments, incorporating a diverse range of digital financial tools, positions it to capitalize on the growing demand for integrated and intelligent payment systems in the region. This strategic direction suggests a trajectory towards becoming a comprehensive financial services platform.
See full Soft Space company page
