Tuesday, January 18, 2022

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Home digital payments Digital payment solutions start-up CashIn raises $1.6 million in funding

Digital payment solutions start-up CashIn raises $1.6 million in funding

To businesses who are looking to manage sales in an integrated platform, the start-up provides digital payment solutions, virtual points of sale, and other payment features

As the industry grows bigger due to evolving consumer habits, Saudi-based digital payment solutions start-up CashIn has raised SR6 million ($1.6 million) in its latest funding round.

To businesses who are looking to manage sales in an integrated platform, the start-up provides digital payment solutions, virtual points of sale, and other payment features.

With CashIn partnering with the government sector to fully comply with it, it comes as a new e-invoicing rule in the Kingdom of Saudi Arabia is set to be implemented, the digital payment solutions start-up said in a statement.

“The Kingdom of Saudi Arabia is undergoing rapid growth in the Fin-Tech and technology sectors in comparison to other countries, and we are keen on CashIn to adapt to these fast-paced changes in parallel with Saudi’s 2030 vision”, said Omar Al-Rammah its chief executive officer.

The seed round was led by BIM Ventures and a number of angel investors, the start-up said.

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khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

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