TFP Solutions Berhad

What TFP Solutions Berhad does

TFP Solutions Berhad is a Bursa Malaysia ACE Market listed technology group (ticker: 0145.KL) operating across four growth engines: Embedded Fintech & Digital Payments, Workforce & Labour Ecosystem Management, Enterprise & Sector SaaS, and AI & Intelligent Solutions. Founded in 2007 and headquartered in Kuala Lumpur, the group operates through a holding structure of wholly-owned subsidiaries (MBP Solutions, OneCENT, JustCall Corp, Softpac Technology, Agensi Pekerjaan O2U Solutions, S4S Digital, SBOne Solutions, Comm Zed, Softfac Technology, and Koperasi One Fintech) plus a 51%-owned VSure Tech. Its product portfolio spans M1Pay payment gateway (processing 525,000+ daily transactions and RM192M+ annual volume), MiPAY e-wallet and prepaid Mastercard, SmartHR Max cloud HR/payroll, e-Wages digital wage disbursement, FoWeX foreign worker ecosystem, S4S SIM prepaid connectivity, ONEERP and SAP Business One enterprise platforms, e-Invoice LHDN compliance, and Comm Zed AI analytics.

The company serves enterprises, SMEs, government entities, and individual consumers (including foreign workers) across Malaysia and stated Southeast Asia markets. Revenue is generated through a mix of transaction fees on payment processing (M1Pay, MiPAY), recurring subscriptions (SmartHR Max tiers, S4S SIM plans from RM18-48/month), one-time ERP licensing and implementation services (SAP Business One, ONEERP), and contingent acquisition consideration. Distribution combines direct enterprise sales for ERP deployments, self-serve cloud onboarding for SME HR products, certified technology partner channels (Microsoft, SAP, Huawei, Oracle, VMware), and agent banking networks for last-mile financial services.

Operationally, the company disclosed Q3 2026 revenue of RM1.15 million with 51% year-over-year growth and net income of RM327,000, alongside an explicit liquidity constraint of less than one year of cash runway. Recent strategic actions include a MYR 5 million acquisition of 51% of VSure Tech (June 2026) and an exclusive ticketing services agreement via Softfac with Pluotos Entertainment (July 2026).

Name

TFP Solutions Berhad

Legal name

TFP Solutions Berhad

Website

https://tfp.com.my

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

TFP Solutions Berhad is a Bursa Malaysia ACE Market listed technology group operating four growth engines across embedded fintech and digital payments, workforce and labor ecosystem management, enterprise SaaS, and AI-driven intelligent solutions, serving enterprises, SMEs, government entities, and foreign workers primarily in Malaysia and Southeast Asia.

Ownership category

akta.pro rank

Product category

Fintech Payment Processing and Enterprise SaaS

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)

akta.pro secondary industry

Third-Party Administrator (TPA) & Program Administrator Services (FSAJALAF)

Keywords

• Payment gateway services
• Cloud HR payroll
• Enterprise ERP software
• Foreign workforce compliance
• E-wallet prepaid cards

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Payment Gateway Transaction Fees: M1Pay gateway charges merchants transaction fees for processing FPX bank transfers, card payments, DuitNow QR, and e-wallet transactions. Revenue is volume-based and scales with merchant transaction throughput.
2. E-Wallet and Prepaid Card Services: MiPAY wallet and prepaid Mastercard services generate revenue from wallet transactions, card usage, and reload services. MobilityOne operates as Bank Negara Malaysia approved e-money issuer.
3. HR and Payroll Software Subscriptions: SmartHR Max offers cloud-based HR and payroll with Basic (up to 300 employees) and Pro (up to 600 employees) package tiers on subscription basis.
4. ERP Implementation and Licensing: SAP Business One and ONEERP solutions involve software licensing, implementation services, and ongoing support contracts for enterprise customers.
5. Ticketing Services: Softfac Technology provides exclusive concert ticketing management systems for Pluotos Entertainment events including cloud infrastructure, payment gateway integrations, and QR code access systems.
6. Strategic Collaboration and Acquisition: 51% stake acquisition in VSure Tech for MYR5 million structured as cash and 200 million common shares, with payment contingent on profit targets by FYE June 2028.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

TFP Solutions Berhad is a Bursa Malaysia-listed technology group delivering integrated fintech, workforce management, enterprise SaaS and AI solutions. Its core offerings include the M1Pay payment gateway processing over 525,000 daily transactions, the SmartHR Max cloud HR/payroll platform for SMEs, SAP Business One and ONEERP enterprise resource planning deployments, the e-Wages and S4S SIM foreign worker compliance ecosystem, and MiPAY e-wallet/prepaid Mastercard services. Revenue is generated through transaction fees, SaaS subscriptions, software licensing and implementation services.

Product overview

TFP Solutions Berhad operates as a Bursa-listed fintech and business platforms group with four growth engines: Embedded Fintech & Digital Payments, Workforce & Labour Ecosystem Management, Enterprise & Sector SaaS, and AI & Intelligent Solutions. The platform-plus-modules architecture includes M1Pay Payment Gateway (payment gateway for FPX, cards, QR, and e-wallets), Enterprise Payment Terminals (smart POS terminals), MiPAY Wallet (e-money prepaid Mastercard), OneTranzact Micro Lending (Shariah-compliant financing), SmartHR Max (cloud HR and payroll), e-Wages & S4S Connectivity (digital wage disbursement), FoWeX and O2U (foreign workforce ecosystem), XPAT Jobs (job portal), S4S SIM (prepaid mobile connectivity), ONEERP (integrated ERP platform), SAP Business One (SME ERP via SBOne Solutions), e-Invoice (LHDN compliance), AI Solutioning & Analytics (decision intelligence), and On-Demand Protection Coverage (embedded insurance from VSure Tech). The group connects fintech rails, workforce administration, enterprise platforms, and analytics into practical business systems serving Malaysia and Southeast Asia.

Differentiator

Problem solved

Functional benefit

Brands

• M1Pay Payment Gateway: Online and mobile payment gateway for FPX, cards, DuitNow QR, e-wallets operated by MBP Solutions
• MiPAY Wallet
• SmartHR Max (OneHRM)
• ONEERP
• FoWeX
• S4S SIM
• XPAT Jobs
• OneTranzact
• KOF Cooperative Platform

Products and services

• M1Pay Payment Gateway

Quantifiable outcome

• 525,000+ average daily transactions processed through M1Pay gateway
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• MobilityOnecoreTechnology or IntegrationPayment infrastructure partner providing e-commerce infrastructure, payment gateway, merchant acquiring, e-money, and transaction services for Malaysian digital payment flows. MobilityOne operates as Bank Negara Malaysia approved e-money issuer and registered merchant acquirer, powering M1Pay gateway and agent banking services.
• Koperasi One Fintech Berhad (KOF)coreTechnology or IntegrationCooperative-finance platform partner for member services, finance records, lending support, and digitised cooperative operations. KOF platform supports cooperative digitalisation with comprehensive financial management tools.
• MicrosoftcoreTechnology or IntegrationCertified technology partner providing enterprise technology solutions for TFP's platform delivery.
• SAPcoreTechnology or IntegrationCertified technology partner and software licensing relationship. SBOne Solutions operates as SAP partner delivering SAP Business One implementations.
• Pluotos Entertainment Sdn BhdcoreStrategic or Co-development PartnerExclusive ticketing services agreement where Softfac Technology is the exclusive concert ticketing management systems provider for Pluotos' future events including concerts, festivals and entertainment programmes. Initial one-year agreement signed July 2 with automatic renewal provisions, covering cloud infrastructure, customised ticketing configurations, payment gateway integrations, and QR code verification.
• VSure Tech Sdn BhdcoreStrategic or Co-development PartnerStrategic collaboration including agreement to acquire 51% stake for MYR5 million structured as cash and 200 million common shares. Payment contingent on VSure Tech meeting specified profit targets by FYE June 30, 2028. VSure Tech provides on-demand protection coverage and embedded insurance solutions as part of TFP's AI and intelligent solutions engine.

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• SAP: SAP is the global parent of the SAP Business One product that TFP delivers via its SBOne Solutions subsidiary. Comparable as the underlying ERP vendor and as a broad incumbent in enterprise software delivery.
• NetSuite (Oracle): Oracle NetSuite is a global cloud ERP platform serving SMEs and mid-market. It competes broadly with TFP's ONEERP/SAP Business One delivery, although at much larger scale and without Malaysia-specific compliance depth.
• Razer Fintech: Razer Fintech operates regional digital payment, e-wallet, and merchant services across Southeast Asia via Razer Merchant Services. Comparable to TFP's payment gateway and merchant acquiring business, though at significantly larger regional scale.

Direct peers

• iPay88: iPay88 (i-Systems) is one of Malaysia's leading payment gateway providers, processing online card, FPX, e-wallet, and QR transactions for merchants — directly comparable to TFP's M1Pay gateway in product, geography, and customer segment.
• Billplz: Billplz is a Malaysian payment gateway and billing platform serving SMEs and enterprises with FPX, card, and wallet integrations. It overlaps directly with M1Pay in payment processing and merchant onboarding within Malaysia.
• Deskera: Deskera is a Southeast Asian cloud ERP, accounting, HR, and payroll platform for SMEs. Comparable to TFP's ONEERP and SAP Business One delivery, and to SmartHR Max on HR/payroll functionality for the SME segment.
• 2C2P: 2C2P is a Southeast Asian payment processor offering gateway, acquiring, and alternative payment method acceptance across the region. Comparable to TFP's M1Pay in payment rails and Southeast Asia geographic footprint.
• Sleekr: Sleekr (now part of a regional HR SaaS group) provides cloud HR and payroll software for SMEs in Southeast Asia. Closely comparable to SmartHR Max on target customer (SMEs), product (HR/payroll SaaS), and geographic focus.
• Kiple: Kiple operates an e-wallet, payment gateway, and prepaid card platform in Malaysia, including services for underserved and migrant segments. Direct overlap with MiPAY wallet, prepaid Mastercard, and agent banking offerings.
• MobilityOne: MobilityOne is a Bank Negara Malaysia-approved e-money issuer and merchant acquirer providing payment gateway, e-wallet, and agent banking infrastructure. It is a core infrastructure partner to TFP and operates in the same Malaysian payment rail and merchant acquiring space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TFPSolutionsBerhad
• LinkedInlinkedin.com/company/tfp-solutions-berhad
• Xx.com/tfp_solutions

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TFP Solutions Berhad