Malaysia: Fintech startup Soft Space bags Series B funding from Sumitomo Mitsui

Malaysia: Fintech startup Soft Space bags Series B funding from Sumitomo Mitsui

Fintech startup Soft Space Sdn. Bhd. on Monday announced it has closed a Series B investment by a subsidiary of Japan’s Sumitomo Mitsui Financial Group (SMFG). The quantum of investment was not disclosed.

The investment by Sumitomo Mitsui Card Company (SMCC), which has previously backed US-based fintech firms Square and Stripe, is not only its first in a Southeast Asian fintech firm but also its first deal outside of Japan and the US.

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