CASHIN

A significant milestone in the company's history was securing $1.6 million in a seed funding round on September 19, 2021. The round was led by Investor Mine with participation from BIM Ventures and several angel investors. This capital injection was intended to expand the company's network and forge partnerships with banks and other key stakeholders. Further demonstrating its growth strategy, CASHIN acquired Cardless, a digital payment provider, in October 2023. The company has also established strategic partnerships, including one with the Saudi National Bank (SNB) to support small and medium enterprises (SMEs) by integrating CASHIN's solutions with SNB's POS devices.

CASHIN's core offering is a comprehensive platform that combines POS functionalities, payment processing, and e-invoicing. The system is designed to run on smart devices, allowing merchants to manage sales, accept various digital payment methods, track inventory, and generate reports. A key feature is its compliance with the Zakat, Tax and Customs Authority's (ZATCA) e-invoicing regulations, known as "Fatoorah". For the fuel station sector, the company provides a specialized "CASHIN PETRO" solution that automates operations from the fuel tank to the bank. This includes pump management, wet stock control, and a centralized dashboard for real-time monitoring of inventory and sales. The firm's revenue is generated through its integrated software and hardware solutions, which include controllers, tank probes, handheld devices, and self-service kiosks.

The company leverages cloud infrastructure to ensure scalability and efficiency, which has reportedly allowed for a significant increase in transaction volume and a reduction in operational costs. The platform is built to be secure and highly customizable, utilizing technologies like Drupal for its website to support marketing and future multilingual capabilities. By providing an all-in-one system for managing payments, sales, and compliance, CASHIN aims to enhance operational efficiency for its clients and lead the digital transformation within its target markets.