Softgate Systems
Softgate Systems operates a retail payments exchange connecting retailers and billers with cash-preferred consumers, enabling cash bill payment through retail locations for the underbanked market. Founded 1993, headquartered in Fairfield, NJ.
- Company typePrivate
- Founded1993
- HeadquartersFairfield, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
Softgate Systems firmographics
Firmographics- Name
- Softgate Systems
- Legal name
- Softgate Systems
- Website
- https://softgatesystems.com
- Company type
- Private
- Founded year
- 1993
- Headcount range
- 51–100 employees
- Short description
- Softgate Systems operates a retail payments exchange connecting retailers and billers with cash-preferred consumers, enabling cash bill payment through retail locations for the underbanked market. Founded 1993, headquartered in Fairfield, NJ.
- Ownership category
- akta.pro rank
Softgate Systems industry classification
Industry- Product category
- Payment Processing
- akta.pro primary industry
- POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)
- akta.pro secondary industry
- QR Code & Alternative In-Store Acceptance (QR, APMs) (FSAMADAH)
Keywords
Where Softgate Systems is headquartered
LocationHeadquarters
- HQ city
- Fairfield
- HQ country
- United States
- HQ region
- North America
Markets served
Softgate Systems business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations
Softgate Systems product offering
Product offeringCore offering
Softgate Systems operates a retail payments exchange platform that connects retailers and billers with cash-preferred consumer base. The company enables cash-preferred consumers to make payments to retailers and billers through its exchange infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail Payments Exchange Platform
- AmeraCash Solutions
Companies that use Softgate Systems
Customer profileIdeal customer profiles1 record
Softgate Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Softgate Systems competitors and assessment
Company assessmentDirect peers
- PayNearMe: PayNearMe operates a cash bill payment and payment network enabling consumers to pay bills with cash at retail locations. It is the most direct functional analogue to Softgate's retail payments exchange for cash-preferred consumers.
- Blackhawk Network: Blackhawk runs a retail payments and gift/cash distribution network connecting retailers, billers, and consumers. Its branded payments and bill-payment exchange business overlaps directly with Softgate's retailer/biller exchange model.
- InComm Payments: InComm provides payment technology and retail-based prepaid, gift, and bill-payment products through a global retail network. Its in-person cash-acceptance and biller services are closely comparable to Softgate's offering.
Broad incumbents
- Western Union: Western Union offers money transfer and bill payment services, including cash-in-person payments at retail agent locations. It addresses the same cash-preferred consumer use case as Softgate but at significantly larger scale and geographic footprint.
- MoneyGram: MoneyGram provides consumer money transfer and bill payment services through retail agents. Its cash-accepting retail payment network is comparable to Softgate's, though MoneyGram operates at much broader scale.
- Green Dot Corporation: Green Dot is a leading provider of prepaid debit cards and banking services targeting underbanked and cash-preferred consumers. It serves the same underlying customer base as Softgate through a different (card-centric) product set.
- ACI Worldwide: ACI Worldwide provides real-time electronic payment and banking software for billers, banks, and processors. Its bill payment infrastructure overlaps with the back-end systems Softgate depends on to settle transactions.
- Fiserv: Fiserv is a large financial services technology provider with bill payment, merchant acquiring, and cash-management products. It is comparable as an incumbent infrastructure player touching the same retailers and billers.
- PayPal: PayPal offers digital and cash-acceptance payment solutions, including services aimed at consumers without traditional banking access. It competes for the same end-customer wallet share with broader product capabilities.
Emerging players
- NetSpend (now part of Nexi/Axonify-related prepaid portfolios): NetSpend provides prepaid debit cards targeting underbanked and cash-preferred consumers. It addresses the same customer demographic as Softgate via prepaid card products rather than retail bill payment.
Market position
Customer concentration
Softgate Systems social profiles
Digital presenceSoftgate Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Softgate Systems leadership team
Management profileNumber of profiles
Profiles1 record
Softgate Systems funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Softgate Systems M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Softgate Systems
What does Softgate Systems do?
Softgate Systems operates a retail payments exchange platform that connects retailers and billers with cash-preferred consumer base. The company enables cash-preferred consumers to make payments to retailers and billers through its exchange infrastructure.
When was Softgate Systems founded?
Softgate Systems was founded in 1993. It employs 51 to 100 people.
Where is Softgate Systems based?
Softgate Systems is headquartered in Fairfield, United States, in the North America region.
Who are Softgate Systems's main competitors?
Direct peers on record are PayNearMe, Blackhawk Network and InComm Payments. Broad incumbents are Western Union, MoneyGram, Green Dot Corporation, ACI Worldwide, Fiserv and PayPal. NetSpend (now part of Nexi/Axonify-related prepaid portfolios) is listed as an emerging player.
Does Softgate Systems have an API?
No public API is recorded for Softgate Systems.
What industry is Softgate Systems in?
Softgate Systems's product category is Payment Processing. Its primary akta.pro industry code is FSAGABAO, POS, SoftPOS & In-Person Acceptance Infrastructure, with a secondary code of FSAMADAH, QR Code & Alternative In-Store Acceptance (QR, APMs).