Saudi Fintech Cashin Raises $16M in Series A to Scale AI Fuel Platform

Saudi Arabia-based fintech Cashin has raised $16 million (SR 60 million) in a Series A round led by Impact46, as the company expands its unified technology platform for fuel and energy stations across the Kingdom.

Founded in 2021 by Omar Alrammah, Abdulkarim Zrik and Obay AlMadi, Cashin provides an AI-enabled system designed to connect financial and operational functions within fuel stations. The platform integrates pumps, tanks, payment systems and auxiliary services into a centralised interface, replacing the fragmented systems traditionally used across station operations. The company previously raised $1.6 million in a seed round in 2021 led by Investor Mine, with participation from BIM Ventures and angel investors.

According to the company, the new funding will support the expansion of fuel station branch networks, the development of artificial intelligence and advanced analytics capabilities, and deeper integration with regulators, suppliers, banks, vehicle operators and station owners. The system links financial flows with operational processes, aiming to improve performance monitoring, operational governance and supply continuity.

Cashin states that its platform processes transactions exceeding SR 20 billion and serves major brands including Saudi Aramco, Total and Gulf, alongside strategic partners such as STC, Al Rajhi Bank, SNB and SABB. The company describes itself as the first fintech platform in the Kingdom specialising in the energy sector and reports holding a significant share of the local market in fuel station technology.