Soft Space Raises $31.5M Series B1 for Payment Infrastructure

Soft Space, a Malaysia-based full-stack payment services provider, closed its Series B1 funding round at US$31.5 million. The round was led by Southern Capital Group, with strategic participation from transcosmos Inc., JCB, and Hibiscus Fund. Soft Space provides payment acceptance and processing infrastructure used by more than 70 financial institutions worldwide, making it a key enabler of embedded payment capabilities for banks.

The funding is expected to accelerate the company's global expansion and product development across its payment stack. The involvement of JCB, a major payments network, signals strategic interest in Soft Space's embedded finance capabilities. The round reflects continued investor appetite for payment infrastructure providers that serve financial institutions as embedded technology partners.