ClearGrid Emerges from Stealth with $10M to Revolutionize Debt Collection in MENA 

UAE-based fintech ClearGrid has officially launched from stealth mode after raising $10 million in a dual pre-seed and seed funding round. The investment was backed by Raed Ventures, Beco Capital, Nuwa Capital, and other major institutional investors, including Aramco’s Waed Ventures, KBW Ventures, Wamda Capital, and 9yards Capital.

Founded in 2023 by Khalid Bin Bader Al Saud, Mohammed Al Zaben, and Mohammed Khalili, ClearGrid is tackling one of the biggest inefficiencies in the region’s $500 billion consumer lending market—outdated debt collection methods. By leveraging AI, machine learning, and automation, the company is replacing manual, aggressive debt collection tactics with data-driven solutions that benefit both lenders and borrowers.

Fixing a Broken System with AI-Powered Debt Resolution

"Collections should be an extension of good lending—not an afterthought," said Mohammed Al Zaben, Co-Founder & CEO of ClearGrid. "We’re reimagining debt resolution from the ground up, giving lenders the intelligence and tools they need to recover capital effectively while creating better outcomes for borrowers."

ClearGrid’s AI-powered platform automates the entire debt collection process, from borrower engagement to resolution, enabling lenders to:

• Recover funds faster by using machine learning to optimize collection strategies.

• Reduce operational costs through automation and self-service options.

• Improve borrower experience with customized repayment plans, interest reductions, and omnichannel communication.

Since launching in 2024, ClearGrid has managed hundreds of millions in debt portfolios, secured over 10 major enterprise clients, and achieved profitability in its UAE operations within a year.

Delivering Results & Expanding Across MENA

ClearGrid’s impact is already visible:

✅ A major UAE bank increased recovery rates by 30% while halving collection costs.
✅ A leading BNPL provider doubled recoveries by automating early-stage debt resolution.
✅ Borrowers who previously ignored debt collectors are now engaging due to personalized, flexible repayment options.

With a strong foundation in the UAE, ClearGrid is now expanding into Saudi Arabia (KSA), with plans to scale further across the MENA region.

"Financial systems must evolve with the digital world," said Khalid Bin Bader Al Saud, Co-Founder & Chairman of ClearGrid KSA. "Debt resolution should be a bridge to stability, not a roadblock. We're redefining collections with a data-driven, technology-first approach that strengthens trust and ensures credit fuels growth, not distress."

Building the Future of Credit Infrastructure

ClearGrid isn’t stopping at collections. The company’s long-term vision includes:

🚀 Developing a SaaS platform for early risk detection & credit orchestration.
🚀 Expanding into AI-powered borrower engagement & alternative risk scoring.
🚀 Unlocking new revenue streams through debt consolidation & lending intelligence.

"ClearGrid is solving one of the biggest pain points in MENA’s lending sector with a truly innovative, AI-powered approach," said Omar Majdouie, Founding Partner at Raed Ventures. "Their platform is a game-changer for lenders while ensuring a more ethical and effective way to engage with borrowers."

As digital lending accelerates across MENA, the demand for efficient, tech-driven debt resolution solutions is rising. With its AI-driven model, strong investor backing, and early success in the UAE, ClearGrid is poised to lead the transformation of debt recovery and financial infrastructure across the region.