Oen Support Technology, Taiwan's first public technology startup, announced today (4/24) that its customer base will grow by 2024% in 340, successfully expanding its customer categories to more diverse fields, and launching the mobile payment app "Yingpengshou" to further consolidate and deepen the influence of the "support economy."
Oen Yingan Technology also announced that its Series A fundraising round has reached 70% completion, with the company expected to close in June. The funds will be used to accelerate SaaS product expansion, technological innovation, expand into overseas markets, and expand the team.
By stimulating the industry's unlimited potential through the "support economy," Oen Support Technology aims to double its customer base this year.
Oen Technology has long been promoting the development of a "support economy" centered around "non-compensated support." We help organizations and individuals establish a one-stop platform integrating supporter donations, fan sponsorships, event registration, and merchandise sales, significantly reducing the administrative, compliance, and marketing costs associated with traditional supporter operations. Furthermore, Oen Technology provides a stable and efficient payment system certified to international cybersecurity standards, enabling fans, community participants, and supporters to easily and securely convert their support into actual cash flow.
Oen Yingyou Technology expects to complete its Series A funding round in June of this year. The funds will be used to accelerate the scale of its SaaS products, advance market expansion in Japan and globally, and expand its team, ultimately driving the "yingyou economy" from Taiwan to the global stage. Compared to the beginning of 2024, Oen Yingyou Technology's customer base has grown by 340% in just one year and is projected to double again by the end of 2025.
In terms of customer industries, it has expanded from initially focusing on non-profit organizations and political parties to covering diverse industries such as idol support and VTuber, arts and entertainment, media, e-commerce, and campus groups, fully demonstrating the cross-domain and high scalability of the application potential of the support economy.
Through the power of technology integration and brand communication, Oen Support Technology has successfully expanded the concept of the "support economy" to a wider range of usage scenarios, breaking the traditional impression that "non-considered support" is limited to the public welfare and religious fields, and opening up new possibilities for industry participation.
Xiao Xinsheng, co-founder of Oen Support Technology, stated, "Oen Support Technology is designed specifically for fan relationship management. Our clients currently span the political, religious, and philanthropic sectors, and we are now expanding into diverse support fields such as craft creation, VTubers, and furries, continuously expanding the possibilities of support. Oen Support Technology is currently raising 70% of its Series A funding. This funding utilizes a SAFE investment structure, a rare structure in the domestic startup community: 'invest first, negotiate later,' with shares converted only after a successful capital increase. By the end of 2024, Oen completed its capital increase and successfully converted most of its SAFEs into shares, becoming a representative case study in the industry. Oen welcomes more visionary investors and partners to join us in scaling our services and developing our technological capabilities, making the 'support economy' a significant emerging model of global interest."
Oen Entertainment Technology sees the trend of a diversified entertainment market and continues to innovate its products and expand globally.
In addition to continuously promoting the concept of the "support economy," Oen Technology has also achieved significant success in product development, cybersecurity enhancements, and international market expansion. In 2024, Oen Technology launched a new product, "Yingpengshou," a mobile app that replaces POS terminals. It uses Android NFC payment processing to integrate physical and digital transactions while ensuring secure financial flows. In face-to-face transactions, the phone becomes a cash register, supporting multiple payment methods. This significantly improves fundraising efficiency and transparency, while also helping small and medium-sized businesses create a more comprehensive payment environment.
In terms of security, Oen Technology continues to strengthen user personal information protection, becoming one of the few companies in the industry to have achieved PCI DISS Level 1, ISO 27701, and ISO 27001 certifications. Oen Technology utilizes cutting-edge data encryption technology and the highest level of payment security certification, and is insured for 1000 million in liability insurance. Furthermore, users are required to undergo a two-stage verification process to ensure the security of information and funds for both donors and fundraisers.
Oen Technology continues to deepen its partnerships with non-profit organizations and groups. By helping Jingfu Temple in Taoyuan build a one-stop integrated financial cloud platform for digital transformation, the company's online lantern-lighting service has proven popular with users, with a 150% increase in users compared to previous years, allowing people to pray regardless of location. Last year, Oen Technology also became a co-organizer of the Dagang concert, becoming one of only two non-governmental organizations. During the event, the platform generated nearly 40 page views and handled over XNUMX simultaneous users, demonstrating the stability of the Oen Technology platform.
