RIYADH: Startups across the Middle East and North Africa have secured fresh capital spanning fintech, artificial intelligence, cybersecurity, and beyond, reflecting sustained investor appetite for technology-led growth.
The transactions include early-stage seed rounds, growth credit facilities, and multi-million-dollar series investments, alongside a strategic acquisition and a major cross-border AI stake.
Saudi Arabia-based fintech CASHIN has raised $16 million in a series A round led by Impact46. Founded in 2021 by Omar Al-Rammah, Abdulkarim Zrik, and Obay Al-Madi, the company provides an AI-enabled unified platform that connects financial and operational activities for fuel station operators, integrating pumps, tanks, payments, and auxiliary services into a centralized system.
CASHIN previously secured $1.6 million in a seed round in 2021 led by Investor Mine, with participation from BIM Ventures and several angel investors.
The company will deploy the new funding to expand fuel station networks across Saudi Arabia, enhance AI and advanced analytics capabilities, and deepen integrations with regulators, suppliers, vehicle operators, and banking institutions.
