Previous Post
Morocco’s Lacaisse.ma to Expand POS Product Regionally After New Fund
Next Post
Kuwaiti Proptech Taskeen Al Oula Acquired by Real Estate Giant 3S

Saudi Fintech & Digital POS Provider CashIn Secures $1.6M Investment

With the new investment, the startup is set to take a big leap towards its goal of a fully-integrated fintech platform.

Saudi-based fintech and digital POS provider, CashIn, has secured $1.6 million in a new funding round led by prominent investors across the region including BIM Ventures and a handful of undisclosed  angel investors. 

Founded in 2021 by Omar Al-Rammah, Obay Al-Madhi and AbdulKarim Zureik , CashIn is on a mission to deliver digital payment solutions, virtual points-of-sale and a wealth of fully integrated payment features on one platform. The startup has a double-pronged approach: digitising offline sales operations, while also providing retailers with a regulated structure for government-approved ecommerce transactions.

CashIn has fostered relationships with several government entities including ZATCA, making it one of the first providers of electronic solutions in compliance with e-invoicing requirements. The startup has also been avidly working to expand its network, partnering with banks and critical stakeholders. 

This recent round places CashIn in a prime spot to lead the market with a fully-fledged digital payment solution and E-invoicing. Omar Al-Rammah CEO of CashIn, commented: “The Kingdom of Saudi Arabia is undergoing a rapid growth in the FinTech and technology sectors in comparison to other countries, and we are keen in CashIn to adapt to these fast-paced changes in parallel with Saudi’s 2030 vision by providing advanced and holistic technical solutions for related parties in cooperation with our partners from the government, banking, and private sectors”.

Sign up for the daily Startup Digest.

Startup stories straight to your inbox

Sign up for the weekly newsletter