Riyadh, Saudi Arabia – Saudi-based fuel and energy infrastructure fintech CASHIN | كاشـن has successfully closed a SAR 60 million (approximately $16 million) Series A investment round, led by Impact46, marking a major milestone in its growth journey.
Founded in 2021 by Omar Al-Ramah, Abdulkarim Zureik, and Obay AlMadi, CASHIN is building the digital infrastructure layer for fuel and energy stations across Saudi Arabia. The company provides an integrated fintech platform that enables gas station operators to seamlessly manage financial and operational workflows through AI-powered tools and advanced analytics.
CASHIN’s platform connects and digitizes financial flows and operational systems across various station facilities, including fuel services, pumps, payments, storage tanks, and service centers. By consolidating these touchpoints into a single ecosystem, the company aims to enhance efficiency, transparency, and operational control for station operators.
The fresh capital will be used to accelerate product development, expand CASHIN’s customer network across the Kingdom, and further strengthen its artificial intelligence capabilities. The company also plans deeper integration with key industry stakeholders, including regulators, entrepreneurs, vehicle owners, suppliers, and banking partners, contributing to a more connected and sustainable energy ecosystem.
In 2022, CASHIN previously raised $1.6 million in a seed funding round with participation from BIM Ventures, supporting the early development and scaling of its platform.
With this Series A round, CASHIN reinforces its position as a leading fintech enabler in Saudi Arabia’s fuel and mobility sector, aligning with the Kingdom’s broader digital transformation ambitions and drive toward operational excellence in energy infrastructure.
