CASHIN, a Saudi fintech company focused on the energy sector, has raised SAR 60 million(US$16 million) in a Series A funding round. The investment was led by Impact46. This funding shows strong confidence in CASHIN’s role in improving the digital systems of fuel stations and the energy sector across Saudi Arabia.
CASHIN is the first fintech platform in Saudi Arabia that specializes only in the energy sector. The company was founded by Omar Alrammah, Abdulkarim Zrik, and Obay AlMadi.
The platform helps fuel station owners manage their financial and daily operations through one digital system. It uses artificial intelligence to study real-time data and turn it into smart, accurate decisions that make operations more efficient.
CASHIN connects money transactions with daily operations at fuel stations. It manages fuel services, pumps, tanks, payments, and other service centres through one system. This gives station owners a clear and central view of their business, helping them improve performance, follow proper governance, and ensure smooth and safe operations across all their branches.
The platform works with major brands like Saudi Aramco, TotalEnergies, and Gulf Oil. It also partners with leading organisations such as stc, Al Rajhi Bank, Saudi National Bank, and SABB. These partnerships show that the platform is trusted by major players in the market.
The new Series A funding will help expand fuel station branch networks across Saudi Arabia. It will also support the development of stronger AI and advanced analytics tools, and improve integration with regulators, vehicle owners, suppliers, and banks.
Recently, CASHIN has expanded to many fuel stations across different regions of Saudi Arabia and has processed transactions worth more than SAR 20 billion. The company has built one central technology system to manage both financial and operational activities. With its smart data tools and strong partnerships in the energy and finance sectors, CASHIN has become the largest platform in its field within the Kingdom.
Basmah Alsinaidi, Vice Chairman and Managing Partner at Impact46, said: “CASHIN represents a strong example of a Saudi company developing technology solutions derived from real operational needs. 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.”
Omar Alrammah, CEO of CASHIN, added: “We founded CASHIN to address challenges we experienced directly in the market. 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.”
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