Oasis Capital's Early Investment "Every Moment Technology" Secures Hundreds of Millions of RMB in Series C Funding | Oasis Vitality

Recently, financial SaaS company Meike Technology announced the successful completion of a nearly 200 million RMB Series C funding round, led exclusively by Shunwei Capital. The new capital will inject fresh momentum into Meike's future development, providing strong support for further product innovation, marketing expansion, and team growth. Over the past year, Meike Technology has raised more than 400 million RMB in total funding. Oasis Capital led both the company's Series B and B+ rounds.

Deep Financial Expertise Drives Industry-Leading Innovation — From Expense-Control SaaS to the First Crowdsourced Cloud Finance Platform

Founded in 2015, Meike Technology is an industry-leading provider of crowdsourced cloud finance products and digital financial solutions. It is also the only financial SaaS company born from seasoned finance professionals. Before founding Meike, CEO Weimeizhong had spent 30 years in the tax and finance field. His first 15 years were at supply and marketing cooperatives, township enterprises, state-owned enterprises, and foreign-invested enterprises. He then served as Vice President and CFO of Dahua Technology for 15 years, where he single-handedly built the company's finance, IT, and HR systems and oversaw the incubation of numerous digitalization initiatives. Having witnessed China's financial evolution from manual bookkeeping to computerization and then digitalization, Weimeizhong became determined to improve financial efficiency and transform traditional finance. Meike Technology represents the practical realization of his thinking and vision for financial digitalization.

Weimeizhong, Chairman and CEO of Meike Technology

Thanks to the deep financial expertise and IT practice background of founder Weimeizhong and the core team, Meike's veteran financial DNA has forged industry-leading innovative capabilities. In 2022, leveraging its insight into industry development directions and innovative R&D capabilities, Meike Technology successfully entered the first tier of China's competitive digital cloud finance enterprises.

Source | iiMedia Research 2022 China Digital Cloud Finance Industry Development Research Report

In recent years, China has successively introduced a series of policies and measures to promote enterprise financial digital transformation and innovation. The rollout of "fully digitalized electronic invoice" (数电票) pilots across regions, the opening of Leqi services, and trials for electronic accounting archives have provided fertile "growth soil" for the development of financial digitalization.

According to iiMedia Research, China's enterprise service market for tax and finance is expected to reach 297.25 billion RMB in 2022 and exceed 400 billion RMB by 2025. Driven by both supply and demand, the financial management services market continues to expand, with broad prospects for China's digital cloud finance industry.

Aligning with national digitalization policies and industry trends, Meike Technology has continuously explored and led innovation, iterating its products over nearly eight years:

• In 2015, launched "Meike Expense" (每刻报销), using expense control as its entry point;
• In 2019, became the first in the industry to introduce the digital electronic accounting archive system "Meike Archive" (每刻档案);
• In 2020, became the first to launch "Meike Cloud Invoice" (每刻云票), connecting upstream and downstream supply chains to build an ecosystem data network for procurement and sales, providing enterprises with a new generation of integrated business-finance-tax solutions for the "fully digitalized electronic invoice" era.

Meike Technology's product innovation and R&D capabilities lead the industry

Today, Meike's product portfolio has evolved from a single SaaS product to the industry's first crowdsourced cloud finance platform built on SaaS cloud architecture, helping clients connect their business-finance-tax ecosystem data chains, comprehensively improving organizational efficiency and competitiveness, achieving true business-finance integration, and fulfilling its mission of unleashing financial creativity.

Meike Technology product architecture

Unlike traditional customized shared platforms where connecting ecosystem data chains is costly, post-delivery upgrades require secondary customization, and hardware maintenance is expensive, cloud services provide a "democratized" shared platform with more elastic configuration and flexible billing to meet personalized customer needs.

"Digitalized, cloud-based, and productized new-generation shared platforms will gradually replace localized, customized traditional shared platforms," said Weimeizhong, Chairman and CEO of Meike Technology. "Meike Technology will help enterprises embark on a new generation of financial cloud shared models, ultimately creating real-time digital accounting. In the transformation and innovation of modern accounting, we will contribute Chinese wisdom and lead accounting reform."

From its founding in 2015 to today, Meike Technology has become the service provider with the most listed company clients in the industry, having developed 20+ industry solutions spanning manufacturing, pharmaceuticals, internet, retail services, and high-tech software. It has served 4,000+ medium and large enterprises including industry leaders such as Dahua Technology, Yihai Kerry Arawana, Opple Lighting, and Meinian Onehealth; 350+ listed companies; with a user base exceeding 2.7 million across more than 180 countries and regions.

Following this funding round, Meike Technology will continue to strengthen its core competitiveness in crowdsourced cloud finance and expand its industry-leading advantage, fulfilling its corporate mission.

It is foreseeable that China will become the world's first paperless country within the next 3-5 years. Meike Technology hopes to provide more enterprises with more advanced and efficient financial digitalization solutions and services, unleashing financial creativity and enabling more companies to achieve financial digital transformation.

Oasis Capital is a new-generation venture capital firm in China, dedicated to discovering the most vital entrepreneurs of the next decade and growing alongside them to create long-term value. "Nurturing Vitality" is Oasis Capital's vision and mission. This vitality represents both the direction of structural transformation in the era and the resilience and evolutionary power of entrepreneurs.

Oasis Capital focuses on early and growth-stage investments, with individual investments ranging from $3 million to $30 million. It concentrates on robotics, artificial intelligence, technology services, and other fields, supporting the upgrade of new services driven by technology in China.