NEXGO Company Profile

Background

Overview

NEXGO, officially known as Shenzhen Xinguodu Technology Co., Ltd., is a global leader in the development and manufacturing of high-tech payment terminals, PIN pads, and point-of-sale (POS) hardware and software solutions. Established in 2001 and headquartered in Shenzhen, Guangdong, China, NEXGO has expanded its operations worldwide, deploying over 68 million POS terminals across more than 100 countries and regions.

Mission and Vision

NEXGO's mission is to "Create Better Lives" by providing secure and innovative payment technologies that enhance business operations and consumer experiences globally. The company's vision, "Sustainable and Eternal NEXGO," reflects its commitment to long-term growth and societal contribution through continuous innovation in the fintech sector.

Industry Significance

As a prominent player in the fintech industry, NEXGO has been recognized for its contributions to electronic payment solutions. In 2021, the company was awarded the title of "SHENZHEN TOP BRAND," a distinction held by only 0.5‰ of enterprises in Shenzhen, underscoring its market competitiveness and innovation capabilities.

Key Strategic Focus

Core Objectives

NEXGO aims to lead in the fintech industry by delivering secure, innovative, and user-friendly payment solutions that cater to diverse business needs worldwide.

Areas of Specialization

The company specializes in the development and production of:

Smart POS terminals

PIN pads

Unattended payment solutions

Cloud-based payment services

Key Technologies Utilized

NEXGO integrates advanced technologies into its products, including:

NFC (Near Field Communication)

QR code payments

Biometric authentication

Cloud computing

Primary Markets Targeted

The company serves a global market, with a significant presence in:

Retail

Hospitality

Transportation

Healthcare

Unattended retail environments

Financials and Funding

Funding History

NEXGO was listed on the Shenzhen Stock Exchange in 2010, under the stock code 300130, marking a significant milestone in its financial growth.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed.

Notable Investors

Information about individual investors is not publicly available.

Utilization of Capital

The capital raised has been utilized to:

Expand research and development capabilities

Enhance manufacturing facilities

Support global market expansion

Pipeline Development

Key Pipeline Candidates

NEXGO continues to innovate with products such as:

N6 Pro: An upgraded smart mini POS terminal designed for durability, speed, and ergonomics in the mini POS market.

UN20: A compact and rugged unattended payment terminal suitable for vending machines and self-service kiosks.

Stages of Development

These products are in the final stages of development, with market availability expected in the near future.

Target Conditions

The products aim to address the growing demand for secure and efficient payment solutions in various industries, including retail, hospitality, and unattended services.

Anticipated Milestones

NEXGO plans to showcase these products at upcoming industry events, including the Singapore FinTech Festival 2025, scheduled for November 12 to 14, 2025.

Technological Platform and Innovation

Proprietary Technologies

NEXGO has developed proprietary technologies such as:

NEXGO CLOUD: A cloud-based ecosystem for managing business operations and payment services.

Significant Scientific Methods

The company employs advanced scientific methods, including:

Biometric authentication for secure transactions

Cloud computing for scalable payment solutions

AI-Driven Capabilities

NEXGO integrates AI-driven capabilities in its products to enhance security, user experience, and operational efficiency.

Leadership Team

Key Executives

Yan Hong Cai: Director

Jing Lin Chen: Director

Jia He, PhD: Director

Professional Backgrounds

Specific professional backgrounds of the directors are not publicly disclosed.

Contributions to the Company

The directors have been instrumental in steering NEXGO's strategic direction, fostering innovation, and expanding its global presence.

Competitor Profile

Market Insights and Dynamics

The global payment terminal market is experiencing significant growth, driven by the increasing adoption of electronic payments and the need for secure transaction methods. NEXGO competes with other major players in the industry, including Verifone, Ingenico, and PAX Technology.

Competitor Analysis

Verifone: A leading provider of payment solutions, known for its extensive product portfolio and global reach.

Ingenico: Specializes in secure payment solutions and has a strong presence in various international markets.

PAX Technology: Offers a wide range of payment terminals and services, competing directly with NEXGO in several segments.

Competitive Landscape

NEXGO differentiates itself through continuous innovation, a diverse product lineup, and a strong commitment to security and user experience.

Strategic Collaborations and Partnerships

Significant Collaborations

NEXGO has established partnerships with various financial institutions and technology providers to enhance its product offerings and expand market reach. Details of specific collaborations are not publicly disclosed.

Strategic Importance

These partnerships enable NEXGO to integrate advanced technologies, access new markets, and deliver comprehensive payment solutions to a broader customer base.

Operational Insights

Strategic Considerations

NEXGO focuses on:

Maintaining a robust supply chain

Ensuring product quality and security

Adapting to regional market needs

Competitive Advantages

The company's key differentiators include:

Innovative product development

Comprehensive service offerings

Global operational capabilities

Strategic Opportunities and Future Directions

Strategic Roadmap

NEXGO plans to:

Expand its product portfolio to include more advanced payment solutions

Strengthen its presence in emerging markets

Enhance research and development efforts to drive innovation

Future Business Directions

The company aims to:

Lead in the development of secure and efficient payment technologies

Foster strategic partnerships to enhance service offerings

Adapt to evolving market demands and technological advancements

Opportunities for Expansion

NEXGO identifies opportunities in:

Unattended retail solutions

Cloud-based payment services

Biometric authentication technologies

Positioning for Future Objectives

By leveraging its strengths in innovation, security, and global reach, NEXGO is well-positioned to achieve its future objectives and maintain a leadership role in the fintech industry.