- Saudi fintech CASHIN raised USD 16M Series A led by Impact46 to digitize financial and operational management for fuel stations nationwide.
- Founded in 2022, the platform connects payments, pumps, tanks, and services into one AI system to improve efficiency and oversight.
- Funding will expand AI analytics, ecosystem integrations, and support fuel station network growth across Saudi Arabia’s evolving energy infrastructure.
CASHIN
Saudi fintech CASHIN raised USD 16 million (SAR 60M) in a series A funding round led by Impact46.
Founded in 2022 by Omar Alrammah, Abdulkarim Zrik, and Obay AlMadi, CASHIN is a Saudi fintech platform specializing in the energy sector. The platform aims to empower fuel and energy station operators to manage their financial and operational activities through a single AI-enabled system. The system intends to support operational efficiency, decision-making quality, and the growth of branch networks. Ultimately, it aims to advance the digital infrastructure of fuel stations and energy across the Kingdom.
Digitizing Fuel Stations
The platform connects financial flows with operational processes across various station facilities. This includes fuel services, pumps, tanks, payments, and auxiliary service centers. It also provides a centralized view that aids station operators to improve performance. Additionally, it aims to enhance operational governance, and support continuity of operations and supply safety across their branch networks.
Looking ahead, with the investment, it aims to support the growth of fuel station branch networks operating across the Kingdom. It also intends to expand AI and advanced analytics capabilities, and enhance integration with ecosystem stakeholders. This includes regulators, vehicle operators and owners, suppliers, and the banking sector.
“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,” said Omar Alrammah, CEO of CASHIN.
Additionally, it seeks to support its next growth phase in reinforcement of its company’s commitment to building a trusted fintech platform.
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