CASHIN is a Saudi Arabian fintech company specializing in digital payment solutions and point-of-sale (POS) systems. The company aims to streamline business operations by providing comprehensive tools for managing sales, payments, and other related activities. CASHIN's platform is designed to cater to various retail sectors, offering customized interfaces and features to meet the specific needs of different industries.
CASHIN was founded in 2021 by Omar Al-Rammah, Obay Al-Madhi, and AbdulKarim Zureik. Since its inception, the company has focused on innovating technological solutions to address the challenges faced by businesses in managing POS systems and digital payments. The company's growth has been driven by its commitment to providing advanced and holistic technical solutions in line with Saudi Arabia's Vision 2030.
CASHIN has successfully raised $1.6 million in a seed funding round led by Investor Mine, with participation from BIM Ventures and several angel investors. This funding is intended to expand the company's network and build partnerships with banks and other stakeholders. As of September 2021, the company's enterprise valuation was estimated to be between $6 million and $10 million.
CASHIN offers a wide range of products and features designed to enhance the efficiency of business operations:
POS and Payment Management: Comprehensive tools for managing daily operations, including sales, payments, and inventory tracking.
Super Merchant App: A unified platform for managing various retail sectors, including jewelry, laundries, supermarkets, beauty centers, clothing, and textiles.
Industry-Specific Solutions: Tailored solutions for restaurants, cafes, fuel stations, large-scale events, and airport and transportation services.
CASHIN has been actively expanding its product offerings through strategic acquisitions. In a significant move, the company acquired Cardless, a provider of digital payment products. This acquisition aims to enable more than 20,000 merchants to issue digital cards and integrate them into their products, enhancing the company's digital wallet services.
CASHIN continuously updates its platform to include new features that cater to the evolving needs of businesses. These updates are managed automatically, ensuring minimal disruption to users. The company focuses on integrating advanced technologies to improve the user experience and streamline business processes.
CASHIN's company culture is built on several core values:
Innovation: Continuously solving fintech challenges and driving technological advancements.
Diversity and Inclusion: Expanding services and integrating solutions to support business growth.
Simplicity: Streamlining user experiences to make the platform intuitive and easy to use.
CASHIN has a robust user base of over 19,000 trusted clients and has processed over 500 million transactions, amounting to a gross merchant value of over 15 billion SAR. The company provides 24/7 support and merchant care, ensuring that users have access to assistance whenever needed.
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