Powering Growth in Healthcare Payments
UAE-based fintech KLAIM has successfully raised $26 million to fuel its expansion across the Gulf Cooperation Council (GCC) region. The company secured $10 million in Series A equity funding, led by Mad’a Investments. It also had participation from CDG Invest, and an additional $16 million through Tharawat Tuwaiq Financial Company.
Founded in 2019 by Karim Dakki and Ghafoor Ahmad, KLAIM focuses on solving cash flow challenges for healthcare providers. It doe so by accelerating medical insurance claim payments. With this fresh investment, the company plans to expand operations in Saudi Arabia, Oman, and beyond. Additionally, it aims at enhancing its AI-powered platform to optimize healthcare payments and financial management.
AI-Powered Payment Acceleration for Healthcare Providers
KLAIM is revolutionizing the healthcare fintech sector by leveraging artificial intelligence (AI) and big data analytics to predict insurance payment patterns and accelerate claim processing. The company’s technology-driven approach allows healthcare providers to access payments faster, reducing financial strain and enabling them to focus on patient care rather than cash flow issues.
- Faster access to insurance payments for healthcare providers
- AI-powered claim processing to improve efficiency
- Seamless integration with enterprise healthcare systems
- Financial solutions tailored for SMEs and large hospital networks
With an increasing demand for quick and reliable financial solutions in healthcare, KLAIM is expanding its reach beyond SMEs to serve larger healthcare systems, ensuring payments are processed within 24 hours.
KLAIM and its Expansion into Saudi Arabia & Beyond
KLAIM has already entered the Saudi market through a strategic partnership with Tharawat Tuwaiq Financial Company, which has launched a $16 million closed-ended healthcare financing fund. This initiative will enhance working capital access for Saudi healthcare providers and strengthen KLAIM’s foothold in the region.
The first transaction under this program will launch in March 2025, with additional funding rounds expected later in the year. This aligns with KLAIM’s broader vision to become the regional leader in healthcare payments.
Investor Confidence & Industry Support for KLAIM
The Series A round was led by Mad’a Investments, with notable backing from CDG Invest, the investment arm of Morocco’s Deposit and Management Fund (CDG). Industry leaders recognize KLAIM’s potential to transform the healthcare fintech space by optimizing payment processes and ensuring financial stability for healthcare providers.
“KLAIM’s innovative approach is addressing a major challenge in the industry. We are proud to support their expansion across the GCC and beyond.” – Abdullah Al Othaim, CEO of Mad’a Investments
“KLAIM is solving a critical gap in the healthcare sector by ensuring providers get paid faster. Their solution has immense scalability across different markets.” – Nawfal Fassi Fihri, Managing Director, CDG Invest
Scaling for the Future
KLAIM is now focused on:
- Expanding into key GCC markets including Saudi Arabia, Oman, and beyond
- Enhancing its AI-powered technology to streamline claim processing
- Partnering with leading financial institutions, insurers, and healthcare providers
- Bridging the gap between fintech and healthcare to drive digital transformation
With strong investor backing and a clear growth strategy, KLAIM is on track to reshape healthcare payments in the region, ensuring faster financial access for medical providers and improving overall healthcare efficiency.
