Oasis Capital's early investment in Every Minute Technology completes 200 million yuan B++ round | Oasis Vitality

Recently, Maycur Technology, a provider of intelligent cloud-based financial products and solutions, announced the completion of a RMB 200 million B++ round. This round was led exclusively by CMC Capital, with Lighthouse Capital serving as the exclusive financial advisor. Maycur had already raised over RMB 100 million in a B+ round in February this year from Oasis Capital and GP Capital, and in August 2020 secured over RMB 100 million in a Series B from Oasis Capital and Bojiang Capital. In less than a year, Maycur has raised more than RMB 400 million in total funding.

Meizhong Wei, founder and CEO of Maycur Technology, said: "This round of funding will be primarily directed toward continued investment in product and technology R&D, recruiting top talent and building our team, strengthening our ecosystem partnerships and industry-academia collaboration, and further improving our marketing and service infrastructure."

Founded in 2015, Maycur Technology provides intelligent financial products and services for enterprises, and has built three core product lines: Maycur Expense, Maycur Archive, and Maycur Cloud Invoice. Prior to 2018, the company focused on developing "Maycur Expense," a next-generation ecosystem-based, intelligent expense management cloud platform. As the digitization of invoices accelerated and policies promoting electronic accounting archives took effect, enterprise digital transformation in finance became urgent. Maycur preemptively launched Maycur Archive in 2018 and began developing Maycur Cloud Invoice in 2019 — each move timed precisely with policy tailwinds.

In terms of competitive strategy, Maycur has gradually built differentiation through its rich product portfolio: moving from offering a single SaaS product to providing integrated solutions that unify business, finance, and tax data. Maycur Expense combined with Maycur Archive delivers a paperless reimbursement solution covering the full process from expense submission to recording to archiving, helping enterprises steadily transition to complete paperless operations. The new Maycur Cloud Invoice product line focuses on building a next-generation digital VAT invoice and comprehensive tax management platform, working in coordination with the archive management product to help enterprises achieve integrated paper and electronic invoice management for both input and output VAT, comprehensively improving financial management capabilities and ensuring tax compliance.

Maycur's growth and forward-looking product positioning owe much to Chairman and CEO Meizhong Wei's more than 30 years of experience in financial management. By blending expertise in finance with IT and digital thinking, Wei developed a new generation of intelligent financial products that align with enterprise needs in tax and financial management. Wei said: "I hope to spend the next ten years helping more enterprises achieve digital transformation in finance, unleashing the creativity of financial professionals and enabling them to create greater value."

Wei said: "Amid change, some things should remain constant. Since our founding, Maycur's business logic has always centered on leveraging the data accumulation characteristics of the tax and finance domain, with the goal of integrating business, finance, and tax data — bridging three data silos. Within enterprises, from data collection to processing to accounting vouchers to tax filing to reporting and analysis, Maycur helps companies achieve integrated business-finance-tax data that is shareable and updated in real time. Externally, we enable enterprises to connect with third-party ecosystem platforms as needed, obtaining higher-quality data across consumption, treasury, and management layers to achieve better-than-expected efficiency gains and cost reductions at lower cost and greater speed."

To date, Maycur Technology has served more than 2,000 clients, including industry leaders such as China Aerospace, SAIC Volkswagen, New Oriental, Opple Lighting, Meinian Onehealth, and Yihai Kerry (Arawana). As one important indicator of sustainable SaaS growth, Maycur's net revenue retention rate has reached 120%. Meanwhile, the team has expanded rapidly, with a nationwide marketing network and Hangzhou as its headquarters, plus permanent offices in Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Xiamen, and Nanjing.

Chen Xian, Partner and Chief Investment Officer of CMC Capital, the exclusive investor in this round, said: "Enterprise services has been a major sector of continued focus for CMC Capital. We believe that an increasing number of fast-growing enterprise service companies will continue to mature and develop to meet the evolving needs brought by the constantly changing business and organizational forms of Chinese enterprises today. Maycur Technology is a SaaS product company that entered through expense control management services, and amid the major trend toward paperless finance and tax, has continuously developed products and services such as electronic archives and cloud invoices around the enterprise financial process, providing diversified support for enterprises to achieve modern financial management. Maycur's founding team has a very deep understanding of the pain points in financial management during the growth of Chinese enterprises, and we have strong conviction in the company's excellent product-market fit capabilities, believing it will continue to innovate and further expand its product portfolio and boundaries. CMC is also very pleased to be the exclusive investor in this round and hopes to continue supporting the company's future development."

Jinjian Zhang, Founding Partner of Oasis Capital, which invested in Maycur's Series B and B+ rounds, said: "In enterprise services, quality comes before scale — long-term competitiveness lies in product capability. Maycur Technology spent six years honing its craft, and after the pandemic achieved rapid market and revenue growth through outstanding product capabilities and demand insight, establishing its position as an industry leader."

Zhengwei Li, Executive Director of Lighthouse Capital, the exclusive financial advisor for this round, said: "The trend toward integrated, digitalized business-finance-tax management has given rise to a hundred-billion-yuan SaaS market. Maycur Technology was first to切入 the expense control SaaS segment and has extended into a multi-scenario product matrix, truly helping new-economy enterprises reduce costs and improve efficiency while reshaping cloud-based collaboration between enterprises, employees, and suppliers. The team has sharp insight into business-finance-tax dynamics, with product-centric conviction running through their entire entrepreneurial journey, building high-barrier, high-retention SaaS products of the highest caliber. We are honored to have assisted Maycur in this funding round and will continue to accompany and witness the birth of a giant in business-finance-tax."

Oasis Capital is a new-generation Chinese venture capital firm dedicated to discovering the most vital entrepreneurs of the next decade in China, growing alongside them to create long-term value. "Championing Vitality" is Oasis's vision and mission. This vitality is 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, concentrating on technology-enabled services in education, healthcare, and enterprise services, supporting China's new service upgrade driven by technology.