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The Venture Codex

Transsion

Number 8 Xianyuan Rd, T33 Full Time Center, 31/F, Shenzhen, Guangdong, 518000, China

Overview

TRANSSION HOLDINGS, the company formerly known as TECNO TELECOM LIMITED, established in July 2006, is a high-tech company specializing in the R&D, production, sale and service of mobile communication products. After years of development, TRANSSION has become an important part of the mobile phone industry and one of the major mobile phone manufacturers in the world. Currently, it has full ownership of three famous mobile phone brands TECNO, itel and Infinix, and an after-sales service brand Carlcare. The company has set up offices in many countries and regions, such as Dubai, Nigeria, Kenya, Tanzania, Cameroon and Bengal, and even has built a factory in Ethiopia, which has provided great support for all its brands.

Total investments
3
Lead investments
2
Investments · 12mo
1
Active investors
3

Sector focus

  • Manufacturing
  • Mobile
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Investment portfolio

  • Viaim

    Led · Series A · May 2026

    Viaim pioneered AI conference headsets and has built a global registered user base of more than 1.5 million users across 200 countries, accumulating multi-scenario audio data used to train practical AI agents. The company follows a "hardware-first + AI-enhanced" approach, emphasizing premium user experience and leveraging real-world audio datasets as a competitive moat. Viaim combines AI algorithms, wearable hardware R&D, and scenario data to pursue always-on, low-latency personal AI via headsets. Through its recent Series A+ and strategic partnership with Transsion, Viaim plans to invest in AI agent talent and ecosystem development, innovate upstream supply chain and core components, and expand internationally using Transsion's manufacturing and distribution channels. The company is positioning its product roadmap toward next-generation AI agent hardware enabling autonomous perception, decision-making, and task execution for users.

  • Wapi Pay

    Participated · Seed · Aug 2021

    Wapi Pay is a Kenyan payments gateway that enables African businesses to send and receive money with Asia via mobile money platforms and bank accounts. Founded in 2019 and operating from Kenya with offices in China and Singapore, the company bypasses traditional payment networks to offer bank-to-bank, wallet-to-wallet, bank-to-wallet and wallet-to-bank transfers. It says settlements are completed within 24 hours and charges as low as 3%, while working with local banks and platforms across China, Indonesia, India, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. Wapi Pay reports 396% year-on-year growth since 2019 and aims to scale processing to $500 million in remittances by the end of next year. The startup plans to expand its product range, engage regulators for licensing across Africa, and grow its merchant and supplier networks to 500,000 African merchants and 100,000 Asian suppliers. The $2.2M pre-seed raise will be used for licensing, product development, geographic expansion and scaling operations.

  • PalmPay

    Led · Seed · Nov 2019

    PalmPay provides a range of consumer financial services (no‑fee payments, low‑cost transfers, bill payments, rewards and discounted airtime) and merchant tools via its PalmPartner app, including online payments and offline POS acquiring. The company says it serves over 5 million users and, according to some sources, had monthly transaction volume exceeding $100 million as of June 2021. PalmPay launched in Nigeria in June 2019 and later expanded into Ghana. It has partnerships with Chinese phone brands such as Tecno, Infinx and itel, which reportedly include pre‑installation of the app on some 20 million phones. The startup plans to introduce digital marketing services for merchants. PalmPay has stated an ambition to become Africa’s largest financial services platform but faces competition from incumbents like OPay. PalmPay is a mobile payments product launched by Transsnet Group (a joint venture of NetEase and Transsion) to expand digital payment access across Africa. It offers services such as top-ups, transfers, airtime and bill payments and has been testing in Ghana since May with recent pilots in Nigeria. Early Nigerian testers received zero-cost transfers and cashback incentives as part of the rollout. PalmPay has obtained a PSP Mobile Money licence from the Central Bank of Nigeria to enable offline access points for users without bank accounts. The product plans to broaden into grocery shopping, logistics and ride-hailing via vendor and partner integrations. It can leverage Transsion’s device distribution (TECNO, Infinix, Itel) and Transsnet’s existing apps like Vskit and Boomplay for distribution and user acquisition. PalmPay is backed by $30-$40 million in funding for its launch and activities in Africa.

Team

  • Arijeet Talapatra

    CEO

    LinkedIn
  • Aman Pratap Singh Negi

    Lead Public Relations & Community

    LinkedIn
  • Hailong Xiang

    Smartphone Manufacturer

    LinkedIn