Gabriel Budi Sutrisno · · 1 min readChina’s Yonghua Capital leads $5m round of Singapore POS firm
The iMin team / Photo credit: iMin Technology
Singapore-based iMin Technology, a point-of-sale solutions firm, has secured US$5 million in fresh funding from China-based private equity investor Yonghua Capital as it gears toward global expansion.
The demand for digital commercial devices such as POS terminals, industrial scanners, and self-service kiosks continues to surge, iMin said. According to research from Future Market Insights, the global POS terminal market is expected to grow about 3x to US$180.4 billion by 2032 compared to 2021.
Funding details
- Funding amount: $5,000,000
- Lead investor: Yonghua Capital
- Stage: Pre-series A
Founded in 2018, iMin has branch offices in Indonesia, Malaysia, Thailand, Vietnam, and the Netherlands. Earlier this year, it launched Swan 1 Pro, an Android-powered POS tool that the company said can outperform traditional Windows-based devices.
It has also rolled out the iMinKit Mobile Device Management platform, which serves a range of business partners in the food delivery, fintech, and SaaS sectors.
See also: These are the most active investors in Singapore’s startups
More details
iMin Technology→
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| Stage | Amount (US$) | Investors |
| Pre-series A | $5M | Yonghua Capital |
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