POS Device Provider iMin Technology Secures $5 Million in Pre-Series A Round

iMin Technology, a Singapore-based provider of point-of-sale (POS) devices, announced on Sept 3 that it has recently secured $5 million in Series Pre-A funding led by Yonghua Capital, as demand for digital commercial devices such as point-of-sale terminals, industrial scanners, and self-service kiosks continues to rise globally.

iMin has introduced the Swan 1 Pro, a POS device that it claims is one of the most powerful Android cash registers available globally, as part of its commitment to innovation. According to the company, this product challenges traditional Windows devices and aims to revolutionise the industry with its advanced features and performance capabilities.

Aimin Hu, Founder and CEO of iMin, expressed excitement about working with new investors to bring smart commercial devices to small businesses around the world. Despite the global economic uncertainty, he emphasised the untapped potential of IoT developments.

iMin Technology has launched the iMinKit Mobile Device Management (MDM) platform in addition to its hardware innovations. This platform serves a wide range of business partners, from food delivery services to digital payment platforms and SaaS companies in the food and beverage and retail sectors.

“In the post-pandemic era, the global market has swiftly embraced digital transformation. The evolution of business operations and consumer transaction methods has unlocked vast opportunities for commercial smart hardware on a global scale. We are highly confident in the iMin team’s extensive experience in R&D, manufacturing, and business development. Since its inception, the company has grown rapidly, gradually establishing stable customer relationships, and building significant market influence. We anticipate that, with its product strength and global business expansion capabilities, iMin will emerge as a leading enterprise in the global smart commercial equipment sector,” Hong Yixiu, partner at Yonghua Capital.