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.