Maxoft Sdn Bhd
Maxoft Sdn Bhd is a Malaysian SMB-focused software vendor offering cloud accounting, POS, and inventory systems, plus HRDC-claimable e-Invoice and cloud accounting training, serving over 2,000 small and mid-size businesses across Malaysia.
- Company typePrivate
- Founded2017
- HeadquartersBandar Baru Bangi, Malaysia
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Maxoft Sdn Bhd does
Maxoft Sdn. Bhd. is a Malaysian private limited company founded in 2017 and incorporated in December 2019, headquartered in Bandar Baru Bangi, Selangor, with a secondary office in Kota Kinabalu (Sabah) and additional training presence in Kuching (Sarawak). The company sells cloud-based accounting software, point-of-sale (POS) systems, and inventory management software to small and mid-size businesses across Malaysia, and integrates with the government's MyInvois portal for e-Invoice compliance. Its stated customer base spans retailers (convenience stores, mini marts, pet shops, pharmacies, hardware shops, boutiques, bakeries) and food-and-beverage businesses (restaurants, cafes), with named SMB customers including Nena Kosmetik and Tulups Pharmacy.
The company operates a hybrid revenue model with multiple streams: subscription-based software licensing (accounting, POS, inventory), hardware sales to support POS implementations, recurring software support, and professional services revenue from training courses and consulting. Training is a strategic and revenue-generating line of its own, including the Kursus E-Invois course (RM149-RM699 per participant, with HRDC-claimable options) and the Kursus Akaun cloud accounting course (RM599 per person). Go-to-market is sales-led and direct-to-consumer, relying on WhatsApp, the company website, Facebook, Instagram, YouTube, and an OnPay marketplace listing, with event-driven demand generation through classroom and online training sessions across Malaysia.
Maxoft is founder-led by Managing Director Mohd Irwan Syah, a Chartered Accountant (MIA) and ASEAN CPA who is also a Partner at Irwan & Co., giving the company an integrated accounting-advisory-plus-software positioning. The company is bootstrapped with no disclosed funding, has 5 employees, and claims to serve over 2,000 businesses across Malaysia. It maintains technology and integration partnerships with AutoCount, UBS, Synergy Accounting, Zoho Books, QuickBooks, OnPay, and LHDN/MyInvois, and holds HRDC accreditation for its training courses.
Maxoft Sdn Bhd firmographics
Firmographics- Name
- Maxoft Sdn Bhd
- Legal name
- Maxoft Sdn. Bhd.
- Website
- https://maxoft.my
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Maxoft Sdn Bhd is a Malaysian SMB-focused software vendor offering cloud accounting, POS, and inventory systems, plus HRDC-claimable e-Invoice and cloud accounting training, serving over 2,000 small and mid-size businesses across Malaysia.
- Ownership category
- akta.pro rank
Maxoft Sdn Bhd industry classification
Industry- Product category
- SME Business Management Software (Accounting, POS & Inventory)
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Enterprise Application License Advisory, Vendor Management & Optimization (BPAEAGAO)
Keywords
Where Maxoft Sdn Bhd is headquartered
LocationHeadquarters
- HQ city
- Bandar Baru Bangi
- HQ country
- Malaysia
- HQ region
- Asia
Offices5 records
Markets served
Maxoft Sdn Bhd business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Software Licensing (Accounting & POS): Sale of accounting software, point of sale systems, and inventory management software to small and mid-size businesses. Software is provided as solutions with integration and compliance capabilities for Malaysian regulatory requirements including e-Invoice.
- Hardware Sales: Sale of hardware to support POS and accounting system implementations.
- Software Support Services: Ongoing software support services for existing customers using their accounting or POS systems.
- Training & Consultation: Revenue from conducting training courses on cloud accounting and e-Invoice compliance. Course fees range from RM149 (online) to RM699 (HRDC claimable physical training) per participant.
- Consulting Services: Consulting services to help small to mid-size businesses optimize operations through software implementation and digital transformation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One time/ perpetual license | Cloud Accounting Course - Individual |
| Other | One time/ perpetual license | E-Invoice Course - HRDC Claimable |
| Other | One time/ perpetual license | E-Invoice Course - Self-Pay |
| Other | One time/ perpetual license | E-Invoice Course - Online Edition |
| Other | Multi-year contract | E-Invoice Course - In-House |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Maxoft Sdn Bhd product offering
Product offeringCore offering
Maxoft Sdn Bhd sells and supports cloud-based accounting software, point of sale (POS) systems, and inventory management software for Malaysian small and mid-size businesses. Its portfolio extends to supporting hardware, digital business solutions, MyInvois e-Invoice compliance integration, hands-on training courses (Kursus E-Invois and Kursus Akaun), and consulting services to help SMEs systemize and digitize their operations.
Product overview
Maxoft Sdn Bhd offers a unified suite of business management solutions centered around accounting software, point of sale (POS) systems, and inventory management software, complemented by digital business solutions for process digitization. The portfolio includes practical training courses on e-Invoicing (Kursus E-Invois) and cloud accounting (Kursus Akaun). The core software products work together to help small to mid-size businesses manage their inventory, sales, and accounting operations, with supporting hardware, consulting, and training services. The company also integrates with government portals (MyInvois, MyTax) for e-Invoice compliance.
Differentiator
Problem solved
Functional benefit
Products and services
- Accounting & POS System Integrated cloud-based accounting and point-of-sale software that helps small and mid-size Malaysian businesses prepare full sets of accounts, track sales transactions, and manage financial records in one system. Designed for owners and operators of convenience stores, mini marts, pharmacies, pet shops, restaurants, cafes, hardware shops, boutiques, and bakeries.
- Digital Business Solutions Digital transformation solutions that help small and mid-size businesses digitize processes, streamline operations, and manage business data with ease. Intended for Malaysian SMEs seeking to systemize end-to-end operations.
- Kursus E-Invois (E-Invoice Training Course) Practical, hands-on training course covering e-Invoice implementation using the MyInvois Portal and API integration for compliance with Malaysia's e-Invoice mandate. Delivered in physical classroom and online formats, including HRDC-claimable, self-pay, online, and in-house options, for business owners, accountants, and operations teams.
- Kursus Akaun (Cloud Accounting Course) Hands-on cloud accounting training course covering account recording, financial statement preparation, invoicing, expense management, and bank reconciliation using cloud-based accounting software. Course materials are in Bahasa Melayu, with English on request, and are aimed at small business owners, new entrepreneurs, accounting/admin clerks, freelancers, consultants, and students.
Quantifiable outcome
- Over 2,000 businesses served across Malaysia
- +1 more outcomes
Companies that use Maxoft Sdn Bhd
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles2 records
Maxoft Sdn Bhd technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Maxoft Sdn Bhd partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- AutoCountcoreAutoCount is one of the accounting software platforms used and supported by Maxoft for training courses. Maxoft provides training on AutoCount accounting software as part of their educational offerings.
- UBScoreUBS accounting software is one of the platforms covered in Maxoft's training programs. Maxoft offers instruction on UBS for accounting and financial management.
- Synergy AccountingcoreSynergy Accounting software is included in Maxoft's training curriculum for cloud accounting courses.
- Zoho BookscoreZoho Books is one of the cloud accounting platforms featured in Maxoft's training and consulting services.
- QuickBookscoreQuickBooks is covered in Maxoft's accounting software training offerings alongside other platforms.
- OnPaycoreMaxoft Sdn. Bhd. has a presence on the OnPay platform, suggesting integration or distribution relationship for payment/processing services.
- HRDC (Human Resource Development Corporation)coreMaxoft's training courses are HRDC certified and claimable, allowing Malaysian employers to use HRDC funds for employee training. Mohd Irwan Syah is an HRDC Certified Trainer.
- Lembaga Hasil Dalam Negeri (LHDN) / MyInvoiscoreMaxoft's solutions integrate with Malaysia's MyInvois portal for e-Invoice compliance. Training includes practical instruction on using the MyInvois portal for e-Invoice submission and compliance.
- Irwan & Co. (Chartered Accountants)coreMohd Irwan Syah, Managing Director of Maxoft Sdn. Bhd., is also a Partner at Irwan & Co., a Chartered Accounting firm. This creates an integrated consulting and software partnership.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
Maxoft Sdn Bhd competitors and assessment
Company assessmentEmerging players
- Bukku: Bukku is a Malaysian cloud accounting and payroll platform targeting SMEs; comparable to Maxoft as a Malaysian-built SMB accounting software offering, though with a more product-led, self-serve model.
- Financio: Financio is a Southeast Asian cloud accounting platform for SMBs; comparable to Maxoft's accounting software offering for the broader SEA SME segment, though with a more product-led distribution model.
Broad incumbents
- Xero: Xero is a leading global cloud accounting platform; comparable to Maxoft's accounting software practice and a competitor for Malaysian SMB cloud accounting customers.
- QuickBooks (Intuit): QuickBooks is the dominant global SMB cloud accounting brand; comparable to Maxoft's accounting/POS software stack for Malaysian SMBs and an indirect competitor for the same end-customer.
- Sage: Sage is a global SMB accounting and ERP software incumbent; comparable to Maxoft as a broader accounting/ERP provider targeting small and mid-sized businesses.
- Zoho Books: Zoho Books is a global cloud accounting platform that Maxoft trains and implements for Malaysian SMBs; a much larger incumbent competing for the same end-customer wallet.
Direct peers
- AutoCount: AutoCount is a Malaysian accounting and ERP software publisher serving SMBs; Maxoft partners with AutoCount as a training and implementation channel. Both compete for the same Malaysian SMB accounting software wallet.
- UBS Software: UBS is a long-standing Malaysian accounting software publisher serving SMBs; directly comparable to Maxoft as a similarly Malaysian-rooted accounting software provider for SMEs.
- SQL Account (SQL View Sdn Bhd): SQL Account is one of Malaysia's most established SMB accounting/ERP software brands; directly comparable to Maxoft's accounting software offering for Malaysian retail and SME customers.
- Synergy Software: Synergy Accounting is a Malaysian SMB accounting software publisher included in Maxoft's training curriculum; both target the same Malaysian SME accountant and business-owner segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Maxoft Sdn Bhd social profiles
Digital presenceMaxoft Sdn Bhd financial estimates
Financial estimateRevenue estimate
Valuation estimate
Maxoft Sdn Bhd leadership team
Management profileNumber of profiles
Profiles1 record
Maxoft Sdn Bhd funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Maxoft Sdn Bhd M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Maxoft Sdn Bhd
What does Maxoft Sdn Bhd do?
Maxoft Sdn Bhd sells and supports cloud-based accounting software, point of sale (POS) systems, and inventory management software for Malaysian small and mid-size businesses. Its portfolio extends to supporting hardware, digital business solutions, MyInvois e-Invoice compliance integration, hands-on training courses (Kursus E-Invois and Kursus Akaun), and consulting services to help SMEs systemize and digitize their operations.
Is Maxoft Sdn Bhd a public or private company?
Maxoft Sdn Bhd is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Maxoft Sdn Bhd founded?
Maxoft Sdn Bhd was founded in 2017. It employs 1 to 10 people.
Where is Maxoft Sdn Bhd based?
Maxoft Sdn Bhd is headquartered in Bandar Baru Bangi, Malaysia, in the Asia region.
How does Maxoft Sdn Bhd make money?
Five revenue lines are on record. Software Licensing (Accounting & POS) is the primary driver. The others are hardware Sales, software Support Services, training & Consultation and consulting Services.
Who are Maxoft Sdn Bhd's main competitors?
Emerging players on record are Bukku and Financio. Broad incumbents are Xero, QuickBooks (Intuit), Sage and Zoho Books. Direct peers are AutoCount, UBS Software, SQL Account (SQL View Sdn Bhd) and Synergy Software.
Does Maxoft Sdn Bhd have an API?
No public API is recorded for Maxoft Sdn Bhd.
What industry is Maxoft Sdn Bhd in?
Maxoft Sdn Bhd's product category is SME Business Management Software (Accounting, POS & Inventory). Its primary akta.pro industry code is BPAEAGAO, Enterprise Application License Advisory, Vendor Management & Optimization. Its NAICS code is 513210 and its SIC code is 7372.