Riyadh - Sharikat Mubasher: Saudi fintech company CASHIN successfully closed a SAR 60 million series A funding round led by Impact46 to accelerate the automation and digitalization of fuel and energy stations across the Kingdom.
CASHIN will use the new capital to accelerate product development, expand its footprint in Saudi Arabia, and support a more efficient and sustainable energy ecosystem, according to the company’s official statement.
The investment reaffirms CASHIN’s commitment to building the digital infrastructure for fuel and energy stations, enabling operators to manage financial and operational workflows through an integrated fintech platform powered by AI and advanced analytics.
Omar Alrammah, CEO of CASHIN, stated that the investment will enable the company to enhance its product investments, expand its operations, and continue supporting and enabling fuel and energy station operators while ensuring supply safety through technology designed specifically for their operational realities.
Meanwhile, Basmah Alsinaidi, Vice Chairman and Managing Partner at Impact46, commented: “Our decision to reinvest reflects our confidence in the team’s continued execution, clarity of vision, and the progress achieved in building products that support the modernization of a vital sector in the local economy. We look forward to continuing our partnership with CASHIN in its next phase of growth.”
Founded in 2021 by Omar Alrammah, Abdulkarim Zrik, and Obay AlMadi, Cashin was designed to enable fuel station operators to manage their financial and operational activities through a unified AI-powered digital system, understanding real-time data and translating it into more efficient and accurate operational decisions.
