When was Softgate Systems founded?

Softgate Systems was founded in 1993 and raised its 1st funding round 12 years after it was founded.

Where is Softgate Systems located?

Softgate Systems is headquartered in Fairfield, United States.

How many employees does Softgate Systems have?

As of Mar 31, 2026, the latest employee count at Softgate Systems is 24.

Is Softgate Systems a funded company?

Softgate Systems is a funded company, having raised a total of $33.6M across 7 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 2005.

When was the latest funding round of Softgate Systems?

Softgate Systems' latest funding was a $***** Venture Debt round on May 14, 2012, with participation from 1 investor. Its primary sector is Payments. In United States, the Payments sector has seen $5.44B in funding in 2026 to date.

Where does Softgate Systems rank among its competitors?

Softgate Systems ranks 33rd amongst 497 active competitors, of which 29 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Khazna, which secured $16M in Feb, 2025.

Who are the top competitors of Softgate Systems?

Softgate Systems' top competitors include Fawry, Doxo and AutoPe Payment Solutions. Among them, Khazna secured the most recent funding round in February, 2025.

Softgate Systems - 2026 Company Profile, Team, Funding & Competitors

Company Details

Softgate provides walk-in bill payment, domestic and international prepaid wireless, prepaid long distance, international top-ups and international bill payments through its PayXchange service.

Key Metrics

Founded Year

1993

Location

Fairfield, United States

Stage

Acquired

Total Funding

$33.6M in 7 rounds

Latest Funding Round

Venture Debt, May 14, 2012, $*****

Investors

Napier Park Global Capital & 4 more

Ranked

33^rd among 497 active competitors

Employee Count

24 as on Mar 31, 2026

Similar Companies

Fawry & 763 more

Exit Details

Acquired by TIO Networks (Jul 14, 2015)

View Softgate Systems' full profile

Softgate Systems is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
IPP OF AMERICA, INC. CIN: 223745079 , United States, Active	Dec 31, 1999	-	42 (As on Dec 31, 2016)	-

Softgate Systems got acquired by TIO Networks on Jul 14, 2015 at an acquisition amount of $*****.

Click here to take a look at Softgate Systems's acquisition in detail

Softgate Systems has raised a total funding of $33.6M over 7 rounds. Its first funding round was on Feb 2005. Its latest funding round was a Venture Debt round on May 14, 2012 for $*****. 1 investor participated in its latest round. Softgate Systems has 5 institutional investors.

Here is the list of recent funding rounds of Softgate Systems:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 14, 2012	6225690	Venture Debt	4555659	9998936	1134377	4872784
Jun 30, 2010	5540773	Series B	2092446	6303064	9364229	Edison Partners
2009	3778	Series B	6311	8858	9247	8280

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View details of Softgate Systems's funding rounds and investors

The founders of Softgate Systems is Alex Cooper.

Here are the details of Softgate Systems' key team members:

Alex Cooper: Former Founder of Softgate Systems and founder of 1 other company. They are also an angel investor in 1 startup.

View details of Softgate Systems's Founder profiles and Board Members

Softgate Systems' employee count trend

Softgate Systems has 24 employees as of Mar 26. Here is Softgate Systems's employee count trend over the years:

Employee count trend for Softgate Systems

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Top competitors of Softgate Systems include Fawry, Doxo and AutoPe Payment Solutions. Here is the list of Top 10 competitors of Softgate Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fawry 2008, Cairo (Egypt), Public	App-based platform for consumer bill payments	$46M	IFC, EAEF & 3 others	72/100
2nd	Doxo 2008, Seattle (United States), Series C	Provider of mobile app for bill payments	$37M	Mohr Davidow Ventures, Sigma Partners & 3 others	63/100
3rd	AutoPe Payment Solutions 2006, Gurugram (India), Unfunded	App-based platform for bill payments	-	-	61/100
4th	UnDosTres 2015, Mexico City (Mexico), Series B	Bill payment solutions for consumers	$36.5M	IDC Ventures, IGNIA & 11 others	59/100
5th	Papaya 2009, Los Angeles (United States), Series B	App for bill payments	$65M	Bessemer Venture Partners, 9Yards & 9 others	58/100
6th	WHISH The Money Whiz 2017, Beirut (Lebanon), Unfunded	Online recharge and mobile payment solutions for consumers	-	-	58/100
7th	Mobilly 2005, Riga (Latvia), Seed	Payment app for transportation services	$1.2M	Zgi capital	57/100
8th	Khazna 2019, Cairo (Egypt), Series A	Digital wallet platform for individuals	$47M	Algebra Ventures, Quona & 16 others	57/100
9th	Sahl 2020, Giza (Egypt), Series A	Provider of mobile electricity card payment solutions. This service allows users to recharge their electricity cards quickly via a mobile application utilizing NFC technology. The platform offers a centralized payment system accepting various payment methods. Users can also track their payment history. Customer support is provided to ensure a positive user experience.	$6M	Ayady, e-finance & 1 others	55/100
10th	HURU 2021, Delhi (India), Unfunded	App-based platform for goal-based saving management, bill payments, remittances, and salary advances	-	-	54/100
33rd	Softgate Systems 1993, Fairfield (United States), Acquired	Retail Payments Exchange	$33.6M	Napier Park Global Capital, Ten Coves Capital ... & 3 others	44/100