Cashin Raises $16 Million in Series A Led by Impact46

Saudi-based fintech platform Cashin, specializing in financial technology solutions for the energy sector, has secured $16 million in a Series A funding round led by Impact46.

The newly raised capital will be used to accelerate the digitalization of fuel stations, enhance advanced analytics capabilities, and strengthen integration with regulatory authorities, operational systems, and supply chains. The company aims to leverage this investment to scale operations and expand its footprint within the energy services market.

Founded by Omar Alramah and Abdulkarim Zuraik Abi Al Madi, Cashin enables fuel station operators to manage both financial and operational activities through a unified AI-powered platform that connects operational and financial systems within a single integrated ecosystem.

The company serves local and international operators, including Saudi Aramco, TotalEnergies, and Gulf Oil, and maintains partnerships with stc and several Saudi banks.

Commenting on the investment, Basmah Alsahelidi, Managing Partner at Impact46, said:
“Our follow-on investment in Cashin reflects our confidence in the team and the sector’s growth potential.”

Omar Alramah, Co-Founder and CEO, added:
“This round will support product development, operational expansion, and our ability to address the evolving needs of the energy sector in Saudi Arabia.”