ClearGrid, a Dubai, UAE-based provider of an AI-powered debt collection platform, raised $10M in funding.
The funding comes across two rounds:
- with the pre-seed round co-led by Raed Ventures and Beco Capital;
- and the seed round co-led by Nuwa Capital and Raed Ventures.
Additional investors included Aramco’s Waed Ventures, KBW Ventures, Sharaka, 9yards Capital, Protagonist, BYLD, Eirad Holdings, Endeavor Catalyst, and Wamda Capital.
The company intends to use the funds to expand operations and its development efforts.
Founded by Khalid Bin Bader Al Saud, Mohammad Al Zaben, and Mohammad Al Khalili, ClearGrid offers an AI-powered collections platform that automates the recovery process, from borrower engagement to negotiations, helping lenders scale while providing a better borrower experience. By combining AI, self-service tools, and omni-channel outreach, it reduces resolution times and increases recovery rates.
Founded in late 2023, the company operates from the UAE and is rapidly expanding across the MENA region. Since its launch in 2024, ClearGrid has managed hundreds of millions in debt portfolios and secured partnerships with the largest fintech players in the Middle East and leading MENA banks. The company has signed over 10 major enterprise clients and built its pipeline for 2025, which includes expanding revenue in the UAE and entering the KSA market.
FinSMEs