Yonghua Capital Leads $5 Million Series Pre-A Funding for Singapore's iMin Technology

Singapore-based point-of-sale (POS) device provider iMin Technology recently secured $5 million in Series Pre-A funding led by Yonghua Capital. The funding comes amid increasing demand for digital commercial devices such as POS terminals, industrial scanners, and self-service kiosks worldwide. iMin has introduced the Swan 1 Pro, a powerful Android cash register aiming to challenge traditional Windows devices and revolutionize the industry with advanced features.

iMin's Founder and CEO, Aimin Hu, expressed excitement about collaborating with new investors to bring smart commercial devices to small businesses globally. He highlighted the untapped potential in IoT developments, emphasizing the opportunities arising from the post-pandemic digital transformation.

In addition to hardware innovations, iMin Technology launched the iMinKit Mobile Device Management (MDM) platform, catering to various business partners in the food delivery, digital payment, and SaaS sectors within the F&B and retail industries.

Yonghua Capital partner Hong Yixiu expressed confidence in iMin's R&D, manufacturing, and business development capabilities, foreseeing the company's emergence as a leading enterprise in the global smart commercial equipment sector in the era of digital transformation.