ClearGrid emerges from stealth with $10M in funding to revolutionize Debt Collection

A Game-Changer in Fintech

UAE-based fintech ClearGrid has officially stepped out of stealth mode after securing $10 million in a dual funding round (pre-seed and seed). The pre-seed round ($3.5M) was co-led by Raed Ventures and Beco Capital, while the seed round ($6.5M) was co-led by Nuwa Capital and Raed Ventures. Additional investors include Aramco’s Waed Ventures, KBW Ventures, Sharaka, Wamda Capital, and other leading institutions.

Founded in 2023 by Khalid Bin Bader Al Saud, Mohammad Al Zaben, and Mohammad Al Khalili, ClearGrid is on a mission to modernize debt collection using AI and machine learning. The company is building an AI-powered collections system that enhances risk detection and credit orchestration, with plans to expand across MENA and beyond.

A Broken System in Need of Innovation

Debt collection in MENA has long been an outdated, manual process filled with aggressive tactics and poor results. The region’s $500 billion consumer lending market is growing rapidly, and traditional collection methods can no longer support reliable capital flow. As regulatory frameworks tighten, financial institutions are seeking ethical, efficient, and scalable solutions—this is where ClearGrid steps in.

“Our goal is to reinvent debt resolution from the ground up,” says Mohammad Al Zaben, Co-Founder & CEO. “We want to give lenders the intelligence and tools they need to recover capital effectively while ensuring better outcomes for borrowers.”

AI-Powered Debt Resolution

ClearGrid’s AI-driven collections platform automates every step of the recovery process—from borrower engagement to negotiations. The platform combines:

• ✅ AI-driven automation for faster, smarter collection strategies
• ✅ Omnichannel communication to improve borrower engagement
• ✅ Self-service tools that offer flexible repayment options
• ✅ Data-driven insights that optimize debt recovery

Since launching in 2024, ClearGrid has already managed hundreds of millions in debt portfolios and secured partnerships with top fintech players and banks in MENA. The company has signed over 10 major enterprise clients and is preparing to expand into Saudi Arabia while increasing its revenue in the UAE.

Driving Real Impact

ClearGrid’s innovative approach has already delivered impressive results:

• A major UAE bank doubled borrower engagement, improving recovery rates by 30%
• A leading BNPL provider automated 95% of early-stage debt resolutions, doubling performance and earning a 4.8/5 customer satisfaction score
• Borrowers now actively engage when given flexible repayment options instead of traditional, aggressive collection calls

“Financial systems must evolve,” says Khalid Bin Bader Al Saud, Co-Founder & Chairman of ClearGrid KSA. “Debt resolution should be a bridge to financial stability, not a roadblock. Our technology-first approach builds trust and ensures that credit drives growth, not distress.”

The Future of Debt Collection in MENA

With digital lending accelerating, lenders across the MENA region are searching for better borrower experiences and smarter risk management. While traditional collection agencies struggle with outdated methods, ClearGrid is setting a new standard with AI and automation.

Investors are taking notice. Raed Ventures’ Founding Partner, Omar Majdouie, says, “ClearGrid is solving a massive pain point in the industry. Their AI-powered platform doesn’t just improve efficiency—it also fosters stronger borrower-lender relationships, which is key to the region’s financial growth.”

Similarly, Nuwa Capital’s Khaled Talhouni notes, “We back founders who turn inefficiencies into opportunities. The ClearGrid team is completely transforming how lenders approach debt resolution—unlocking an entirely new commercial advantage.”

Looking Ahead – The Road to Global Expansion

ClearGrid isn’t stopping at collections. The company plans to:

• ✅ Develop cutting-edge risk detection systems
• ✅ Expand into alternative risk assessments and AI-powered debt counseling
• ✅ Offer a full-scale SaaS platform for credit orchestration

By building smarter, data-driven financial infrastructure, ClearGrid is shaping the future of debt resolution—not just in MENA, but globally.