SOFT SPACE RAISED US$31.5 MLN TO EXPAND GLOBAL FOOTPRINT
KUALA LUMPUR, April 6 (Bernama) -- Leading financial technology player, Soft Space Sdn Bhd (Soft Space) has successfully raised US$31.5 million (US$1 = RM4.40) from its latest series B1 funding round to expand its global footprint and widen its customer base.
Chief executive officer, Joel Tay stated that the funds will be used to fuel the company's continued growth and expansion.
“Building on our strong momentum, the new funds will help expand our global footprint and widen our customer base by accelerating the innovation of our full-stack payments platform while expanding into next generation technological solutions,” he said in a statement.
Soft Space has shown strong growth in recent years with revenue almost doubling in the last two years.
Currently, their full stack payment services is being used by more than 70 financial institutions and partners in Japan, Europe, Oceania and Americas.
Chief strategy officer, Chris Leong said that with the closing of the funding round, the company is restructuring its capital base in order to propel the business towards rapid expansion and improve their position in the global market.
“We are confident that Soft Space will continue to attract global investors and further its ambition of creating impactful services for our clients,” he said.
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