About Soft Space
Soft Space is a company based in Kuala Lumpur (Malaysia) founded in 2012 by Chris Leong, Joel Tay, and Chang Chew Soon. Soft Space has raised $36.5 million across 5 funding rounds from investors including JCB, Transcosmos and KB Investment. Soft Space has completed 1 acquisition, including Fasspay. Soft Space offers products and services including SoftPOS, Fasspos, and Payment Gateway. Soft Space operates in a competitive market with competitors including Flutterwave, Xendit, PayU, ACI Worldwide and Pine Labs, among others.
- Headquarter Kuala Lumpur, Malaysia
- Founders Chris Leong, Joel Tay, Chang Chew Soon
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website softspace.com.my
- Social LinkedIn
- Legal Name Soft Space Sdn. Bhd.
Products & Services of Soft Space
Soft Space offers a comprehensive portfolio of products and services, including SoftPOS, Fasspos, and Payment Gateway.
Enables contactless payments on mobile devices for businesses.
Platform for issuing and managing digital wallets securely.
Secure gateway for transactions and API integrations.
Funding Insights of Soft Space
Soft Space has successfully raised a total of $36.5M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $36.5M
- Total Rounds 5
- First Round $5M
(May 2017)
- Investors Count 9
All 5 funding rounds of Soft Space with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | – | Series B | – | GMO Financial Gate | – |
| Apr 2023 | $31.5M | Series B | – | Southern Capital, KB Investment | |
| Feb 2022 | – | Series B | – | RHL Ventures | |
| Apr 2018 | – | Series B | – | Sumitomo Mitsui Card | – |
| May 2017 | $5M | Series A | – | Transcosmos | – |
9 investors in total: 9 institutional.
Investors in Soft Space
Soft Space has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include JCB, Transcosmos and KB Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments in Asia are managed by Southern Capital. | – | southerncapitalgroup.com | Singapore, Singapore | |
- | – | rhl.ventures | - | |
Venture capital fund investing in early-stage tech startups | 1990 | kbic.co.kr | Seoul, South Korea | |
- | – | hibiscusfund.tcc.mode | - | |
IT outsourcing services are provided to business clients. | 1985 | trans-cosmos.co.jp | Tokyo, Japan | |
Earthmoving and construction equipment are manufactured by JCB worldwide. | 1945 | jcb.com | Uttoxeter, United Kingdom | |
- | – | global.jcb | - | |
Operates a digital hub for point-of-sale financing services. | 1967 | smbc-card.com | Tokyo, Japan | |
Provider of card processing services for merchants | 1999 | gmo-fg.com | Tokyo, Japan |
Investor details for Soft Space
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Soft Space
18 people are tracked at Soft Space (9 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Chris Leong | Co-Founder & Chief Strategy and Investment Officer | Leadership |
Joel Tay | Co-Founder & CEO | Leadership |
Chang Chew Soon | Co-Founder | Leadership |
Wei Hsin Ko | General Manager, Taiwan Business Development | Leadership |
Chun Jin Loh | General Manager Devops | Leadership |
Irene Ho | Director Service Delivery | Leadership |
Nicholas Lim | Chief Technology Officer | Leadership |
Eric Wong | Director Of Business Development | Leadership |
Rex Choo | Head Of Engineering (merchant) | Leadership |
Syakeer Rahman | Senior Data Engineer | Team |
Kyle Lee Khuang Yew | Technical Solutions Specialist | Team |
Sherilyn Soo Jee | Senior Executive Human Resources | Team |
Edwin Tay | Senior Devops Engineer | Team |
Julian Khoo | Senior Business Consultant | Team |
Winnie Chow Weng Yee | Business Manager | Team |
Misaki Yamashita | Business Development Consultant | Team |
Sookwah Yong | Product Pre-sales Manager | Team |
Eirene Chow | Business Development Manager | Team |
Complete people profiles for Soft Space
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Soft Space
Soft Space has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fasspay.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of mPoS solution for merchants | fasspay.com | Kuala Lumpur, Malaysia | 2011 | Oct 2014 | •••• |
Complete acquisition details for Soft Space
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Soft Space
4 dated milestones of Soft Space across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Soft Space is founded.
- Acquisition Acquires Fasspay.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series B,.
Competitors of Soft Space
Soft Space operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Xendit, PayU, ACI Worldwide and Pine Labs, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $319.41M | – | Provider of payment processing solutions for businesses | |
| xendit.co | 2015 | Jakarta, Indonesia | $532.72M | – | Online payment and money transfer platform for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| pinelabs.com | 1998 | Noida, India | $1.32B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. | |
| opn.ooo | 2013 | Bangkok, Thailand | $120M | – | Integrated e-wallet and contactless payment solutions for businesses and consumers | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. | |
| managepay.com | 2000 | Subang Jaya, Malaysia | – | 134 | Payment gateway and mPoS solutions are provided for SMEs. |
Detailed competitors of Soft Space
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Soft Space
The website of Soft Space (softspace.com.my) receives about 4.6K visits a month.
- Monthly visits4.6K
▼ 33.9% vs previous month
Websites whose visitors overlap most with Soft Space. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| goswiff.com | 100% | – | – | View details | |
pesopay.com | pesopay.com | 100% | – | #116,570 | – |
| sumup.co.uk | 100% | – | #1,485,293 | View details | |
| fasspay.com | 62% | 24.6K | #926,874 | View details | |
| pymnts.com | 60% | – | #85,245 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Soft Space
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Soft Space
Complete news archive for Soft Space
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Soft Space
10 companies that operate in the same segment as Soft Space (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Soft Space
Soft Space was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Soft Space is headquartered in Kuala Lumpur, Malaysia.
Joel Tay is the current CEO of Soft Space. They have also founded this company.
Soft Space is a funded company, having raised a total of $36.5M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on May 2017.
Annual revenue of Soft Space is $5.51M as on Dec 31, 2021.
Soft Space was founded in 2012 in Kuala Lumpur, Malaysia, within the fintech sector. Payment gateways, white-label wallets, and POS terminals are supplied to businesses for handling online and offline transactions. Fraud prevention measures, QR code payments, and e-wallet systems are integrated into these services. Operations center on enabling secure payment acceptance across the region, supporting various business models.
Soft Space's top competitors include PayU, Flutterwave and Xendit.
Soft Space offers SoftPOS, Fasspos, and Payment Gateway.
Soft Space has made 1 acquisition, including Fasspay.
Soft Space has 9 investors. Key investors include JCB, Transcosmos, KB Investment, GMO Financial Gate, and Southern Capital.
Soft Space operates through Soft Space Sdn. Bhd..