Saudi Arabia-based fintech platform CASHIN has successfully closed a $16 million (SAR 60 million) Series A investment round. The round was led by prominent regional venture capital firm Impact46, signaling strong confidence in the company’s mission to modernize the digital infrastructure for fuel stations across the Kingdom.
Fueling Digital Transformation
Founded in 2021 by Omar Alrammah, Abdulkarim Zrik, and Obay AlMadi, CASHIN provides a specialized, AI-enabled platform for the energy sector. The system enables fuel station operators to manage and unify their financial and operational activities by integrating pumps, tanks, payments, and auxiliary services into a single, centralized system.
The platform offers a comprehensive view that helps station operators improve performance, enhance governance, and ensure operational continuity. CASHIN serves major industry players, including Saudi Aramco, Total, and Gulf, and has established strategic partnerships with stc and leading financial institutions like Al Rajhi Bank, SNB, and SABB.
Strategic Growth And Expansion
The new capital will be deployed to accelerate the growth of its fuel station network, advance its AI and analytics capabilities, and deepen integrations with key ecosystem stakeholders. This includes regulators, suppliers, vehicle operators, and banking partners.
To date, CASHIN has processed transactions exceeding SAR 20 billion, establishing a significant market share and becoming a key player in the management of financial and operational activities for the Kingdom’s fuel station sector.
Investor Confidence
Basmah Alsinaidi, Vice Chairman and Managing Partner at Impact46, commented on the firm’s continued support for the company. “CASHIN represents a strong example of a Saudi company developing technology solutions derived from real operational needs,” she stated. “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 modernisation of a vital sector in the local economy. We look forward to continuing our partnership with CASHIN in its next phase of growth.”
A Word From The Founder
Omar Alrammah, Co-founder and CEO of CASHIN, emphasized that the company was built to solve firsthand industry challenges. “We founded CASHIN to address challenges we experienced directly in the market,” Alrammah said. “This investment round allows us to enhance our investments in products, expand our operations, and continue supporting and enabling fuel and energy station operators while ensuring supply safety through technology designed specifically for their operational realities.”
About CASHIN
CASHIN is a Saudi fintech platform founded in 2021 that specializes in providing a unified digital system for the energy sector. Its AI-powered core connects financial flows with operational processes, helping fuel station operators manage their activities more efficiently and make more accurate, data-driven decisions.
Source: Wamda
