When was Soft Space founded?

Soft Space was founded in 2012 and raised its 1st funding round 5 years after it was founded.

Where is Soft Space located?

Soft Space is headquartered in Kuala Lumpur, Malaysia.

Who is the current CEO of Soft Space?

Joel Tay of Soft Space. They have also founded 1 company.

How many employees does Soft Space have?

As of Jun 30, 2026, the latest employee count at Soft Space is 280.

Is Soft Space a funded 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 round, raised on May 25, 2017.

When was the latest funding round of Soft Space?

Soft Space's latest funding was a $***** Series B round on Mar 25, 2024, with participation from 1 investor.

Where does Soft Space rank among its competitors?

Soft Space ranks 17th amongst 88 active competitors, of which 10 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jun, 2026.

Who are the top competitors of Soft Space?

Soft Space's top competitors include PayU, Flutterwave and Xendit. Among them, Flutterwave secured the most recent funding round in June, 2026.

Soft Space - 2026 Company Profile, Team, Funding & Competitors

Soft Space is a series B company based in Kuala Lumpur (Malaysia), founded in 2012 by Joel Tay. It operates as a Provider of payment processing solutions for businesses. Soft Space has raised $36.5M in funding from investors like Sumitomo Mitsui Card, Transcosmos and Southern Capital. The company has 88 active competitors, including 10 funded and 13 that have exited. Its top competitors include companies like PayU, Flutterwave and Xendit.

Company Details

Provider of payment processing solutions for businesses. It provides payment gateways, white-label wallets, and POS terminals for accepting online or offline payments. It also facilitates fraud prevention, QR code payments, and e-wallet systems.

Website: www.softspace.com.my
Email ID: *****@softspace.com.my
Phone Number: +60 **********

Key Metrics

Founded Year

2012

Location

Kuala Lumpur, Malaysia

Stage

Series B

Total Funding

$36.5M in 5 rounds

Latest Funding Round

Series B, Mar 25, 2024, $*****

Investors

Sumitomo Mitsui Card & 9 more

Ranked

17^th among 88 active competitors

Employee Count

280 as on Jun 30, 2026

Similar Companies

Stripe & 3309 more

View Soft Space's full profile

Soft Space is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SOFT SPACE SDN. BHD. CIN: - , Malaysia, Active	Jan 18, 2012	$0 - $1M (As on Dec 31, 2023)	-	-

Soft Space has raised a total funding of $36.5M over 5 rounds. Its first funding round was on May 25, 2017. Its latest funding round was a Series B round on Mar 25, 2024 for $*****. 1 investor participated in its latest round. Soft Space has 10 institutional investors.

Here is the list of recent funding rounds of Soft Space:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 25, 2024	8410674	Series B	7547961	1506741	5852686	4001685
Apr 06, 2023	1242852	Series B	1505111	3045963	7090991	Transcosmos & 3 more
Feb 14, 2022	2222010	Series B	9279589	2707075	RHL Ventures	Transcosmos & 1 more

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View details of Soft Space's funding rounds and investors

The founders of Soft Space is Joel Tay. Joel Tay is the CEO of Soft Space.

Here are the details of Soft Space's key team members:

Joel Tay: Co-Founder & CEO of Soft Space. They serve on the board of 1 company.
Contact Info: 1 email address

Soft Space's Board of Directors

Soft Space's board has 6 active members. Joel Tay and Chris Leong are part of team and Tan Sri Lee Fook Long, Takeshi Kamiya, Nobuaki Yamashita and Lionel Koh Kok Peng are independent board members.

Here is the list of Soft Space's board of directors:

Name	Type	Representing	Status	Duration
Joel Tay	Team	-	Current	-
Chris Leong	Team	-	Current	-
Tan Sri Lee Fook Long	Independent board member	-	Current	-
vkfxmtq	Independent board member	-	Current	3y 6m
nqldlyz	Independent board member	-	Current	2y 5m
gjscsdl	Independent board member	-	Current	6y 1m

View details of Soft Space's Founder profiles and Board Members

Soft Space's employee count trend

Soft Space has 280 employees as of Jun 26. Here is Soft Space's employee count trend over the years:

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Top competitors of Soft Space include PayU, Flutterwave and Xendit. Here is the list of Top 10 competitors of Soft Space, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayU 2002, Amsterdam (Netherlands), Series C	Provider of online payment solutions and financial services for businesses	$35.1M	Naspers, PROSPER & 5 others	84/100
2nd	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Tiger Global Management & 72 others	83/100
3rd	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Tiger Global Management & 28 others	83/100
4th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Iconiq Capital, Index Ventures & 15 others	81/100
5th	ACI Worldwide 1975, Omaha (United States), Public	Process and manage digital payments	-	Starboard Value, JMI Management & 3 others	74/100
6th	First Data 1971, Atlanta (United States), Acquired	Payments processing service provider	-	HarbourVest Partners, W Capital Partners & 4 others	63/100
7th	Worldline 1972, Paris (France), Public	Provider of payment processing solutions for merchants and financial institutions	-	Credit Agricole, Europa	61/100
8th	Equiniti 2002, Lancing (United Kingdom), Acquired	Provider of financial technology and payment processing solutions	-	Strategic Equity Capital, Riverside	60/100
9th	Coda 2011, Singapore (Singapore), Series C	Provider of merchant of record services and global payment solutions	$710M	GIC, Insight Partners & 7 others	60/100
10th	Citcon 2015, Santa Clara (United States), Series C	Payment gateway solutions for accepting multiple payments	$49.8M	Cota Capital, East West Bank & 16 others	59/100
17th	Soft Space 2012, Kuala Lumpur (Malaysia), Series B	Provider of payment processing solutions for businesses	$36.5M	JCB, Southern Capital & 8 others	45/100