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UAE-based healthtech firm Klaim has secured $26 million in funding, comprising $10 million in Series A equity and $16 million in additional financing. The investment will enhance Klaim's technology for faster healthcare claims processing and support its expansion into the UAE, Saudi Arabia, and Oman. Founded in 2019, the company leverages AI and data analytics to streamline medical insurance claim payments in the MENA region.
Klaim, a UAE-based healthcare payments solutions provider, has raised $26 million, including $10 million in Series A equity funding, to enhance medical insurance claim payments in the MENA region. The investment will facilitate expansion in the UAE and Saudi Arabia, with the first transaction expected in March 2025. CEO Karim Dakki emphasized that this funding validates their vision and will enable rapid scaling.
Dubai has been ranked the world's top destination for Greenfield Foreign Direct Investment (FDI) projects for the fourth consecutive year, attracting 1,117 projects worth over Dh52 billion in 2024, a 33% increase from 2023. Additionally, 1,826 FDI projects were announced, marking an 11% rise from the previous year, according to Sheikh Hamdan.
Abu Dhabi has emerged as the fastest-growing startup ecosystem in the MENA region, with a 28% increase in ecosystem value, reaching $4.2 billion from mid-2021 to the end of 2023. The city climbed 15 spots in global rankings, now positioned in the 61–70 group, and is recognized for its strong performance in funding and talent.Key players like the Abu Dhabi Global Market and Mubadala Investment Company have fostered a supportive environment, attracting startups through incentives such as 100% foreign ownership. Leadership insights highlight the collaborative efforts driving this rapid development.
Foras, an Abu Dhabi-based investment firm, has acquired a 36% stake in Beban, a licensed crowdfunding platform in Bahrain, to enhance access to capital for MENA startups. This partnership aims to bridge the funding gap for SMEs and leverage innovative Sharia-compliant crowdfunding solutions, with Beban having already secured over $250,000 from over 5,000 investors. The collaboration is expected to drive growth and innovation in the region's entrepreneurial ecosystem.
Kuwait-based delivery platform talabat has acquired 100% of Instashop from Delivery Hero SE for $32 million, finalizing the deal in March 2025. Instashop, founded in 2015 and operating in several MENA countries, reported a gross merchandise volume of $631 million in 2024, marking a 16% increase from the previous year. The acquisition will enhance talabat’s grocery and retail offerings while allowing Instashop to maintain its brand independence.
Alnaya CSP LLC is a multifaceted company engaged in investment, contact center operations, and real estate. Established in 2025, it aims to innovate within these sectors, providing comprehensive solutions and services to its clients. The company is positioned to make a significant impact in the market.
UAE-based Klaim has secured $26 million in Series A funding to enhance its healthcare payment solutions, aiming for rapid expansion in the UAE, Saudi Arabia, and Oman. The funding, led by Mudassir Investment, will help streamline payment processes for healthcare providers, addressing financial strains caused by delayed payment cycles.
Asia's tech and startup scene is buzzing with significant funding rounds, including US$140 million for India's Darwinbox and US$69 million for UAE's Flow48. Notable acquisitions include India's Digiledge by Mintoak and I Freedom by Boss Wallah, highlighting a dynamic investment landscape. Additionally, the evolution of crowdfunding platforms like Kickstarter is reshaping funding opportunities for both indie creators and established brands.
Mrkoon is enhancing industrial supply chains and promoting the circular economy, positioning itself for growth in sustainable waste management across the MENA region following a recent funding round. Meanwhile, Saudi-based Ninja Express is in talks to secure over $1 billion in funding, aiming for an IPO by 2027, while UAE's Klaim has raised $26 million to expand healthcare payment solutions, enhancing efficiency for providers in the region. Additionally, Qatar has launched a Startup Business Development Grant to support early-stage startups, fostering innovation and economic diversification aligned with its Vision 2030 goals.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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