Saudi fintech CASHIN has secured SAR 60 million, equal to $16 million, in a Series A round led by Impact46. The funding reflects strong investor confidence in the company’s role in modernising fuel station and energy operations across the Kingdom.
Founded in 2021 by Omar Alrammah, Abdulkarim Zrik, and Obay AlMadi, CASHIN builds AI powered infrastructure for fuel station operators. The platform connects financial flows with operational systems in one unified dashboard.
A Unified AI Platform for Fuel Stations
CASHIN focuses on a simple goal. Help fuel station operators manage everything in one place.
The platform integrates:
- Fuel pumps and tanks
- Payment systems
- Auxiliary service centres
- Financial reporting tools
- Real time operational data
Its AI engine processes live data. It converts insights into practical actions. Operators can track performance, manage risk, and improve governance.
This centralised model reduces fragmentation. It improves accuracy. It strengthens operational control.
Trusted by Industry Leaders
CASHIN serves major energy and financial brands in Saudi Arabia. These include:
- Saudi Aramco
- Total
- Gulf
- STC
- Al Rajhi Bank
- SNB
- SABB
The company has processed more than SAR 20 billion in transactions. It has built a nationwide network of fuel stations. It now holds a leading position in its segment.
This traction shows clear product market fit. It also confirms rising demand for digitised energy infrastructure.
How the Series A Funding Will Be Used
CASHIN plans to deploy the new capital to accelerate growth. The roadmap includes:
- Expanding fuel station branch networks
- Enhancing AI and advanced analytics capabilities
- Deepening integration with regulators and suppliers
- Strengthening partnerships with banks and vehicle operators
The company aims to improve supply safety and operational continuity across the Kingdom. It also plans to refine predictive analytics to enable proactive decision making.
Impact46’s leadership highlighted confidence in the team’s execution and product clarity. The investor sees CASHIN as a strong example of Saudi built technology solving real market problems.
Building the Digital Backbone of the Energy Sector
Saudi Arabia continues to modernise key industries under Vision 2030. The fuel and energy sector plays a vital role in this transformation.
CASHIN supports this shift by:
- Increasing transparency in fuel operations
- Automating financial reconciliation
- Reducing operational inefficiencies
- Enabling data driven governance
CEO Omar Alrammah emphasized that the company built the platform to solve direct market challenges. The team understands the operational realities of fuel stations. They design technology around those needs.
With fresh capital and a growing market share, CASHIN enters its next growth phase with momentum. The company aims to become the long term digital foundation for fuel and energy operations across Saudi Arabia.
The opportunity remains large. The strategy is clear. Scale intelligently. Strengthen integrations. Lead sector digitisation.