Saudi fintech CASHIN has raised $16 million in a Series A round led by Impact46, as it scales its digital cash management and payment infrastructure across Saudi Arabia.
Saudi fintech CASHIN has secured $16 million in a Series A funding round led by Impact46, marking one of the larger early stage fintech raises in the Kingdom this year. The capital injection is expected to accelerate the company’s expansion across Saudi Arabia as it strengthens its digital cash management and payment infrastructure for businesses operating in cash heavy environments.
Founded to modernize how physical cash is handled, tracked, and reconciled, CASHIN provides end to end digital solutions that enable retailers and enterprises to deposit, monitor, and reconcile cash collections in real time. While Saudi Arabia has made significant progress in digital payments adoption under Vision 2030, cash transactions still represent a meaningful share of retail activity, creating operational and security challenges for businesses managing high daily volumes.
CASHIN’s model digitizes this process by connecting physical cash collection points with financial institutions and enterprise resource planning systems, reducing manual reconciliation and enhancing transparency. The company’s technology is designed to help retailers, logistics operators, and service providers reduce shrinkage risk, improve reporting accuracy, and streamline liquidity management, aligning with broader financial infrastructure modernization efforts across the Kingdom.
The Series A round led by Impact46 underscores continued investor appetite for fintech platforms building foundational infrastructure rather than consumer-facing applications alone. Impact46, one of Saudi Arabia’s prominent venture capital firms, has backed multiple high growth technology companies across fintech, e-commerce, and enterprise software, reflecting a strategy focused on scaling companies that address structural gaps in the local economy.
Saudi Arabia’s fintech ecosystem has expanded rapidly in recent years, supported by regulatory initiatives from the Saudi Central Bank (SAMA) and the Capital Market Authority aimed at encouraging innovation and digital transformation. The number of fintech companies operating in the Kingdom has increased significantly since 2018, supported by regulatory sandboxes, licensing reforms, and public private initiatives to accelerate cashless adoption.
CASHIN’s latest funding is expected to be deployed toward expanding its merchant network, enhancing its technology stack, and strengthening banking partnerships. As enterprises seek greater operational efficiency and visibility across distributed retail networks, infrastructure-focused fintech platforms such as CASHIN are increasingly positioned at the intersection of payments, logistics, and enterprise software.
The transaction reflects the broader maturation of Saudi Arabia’s venture landscape, where Series A rounds are becoming larger and more frequent as startups demonstrate revenue traction and scalable models. With fresh capital and institutional backing, CASHIN is poised to deepen its role in supporting the Kingdom’s transition toward a more digitally integrated financial ecosystem.
