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

0
101
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.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.

CIO News also covers the professional journeys of CIOs across all industries through print articles.