{
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cleargrid secures 10 million funding to enhance ai debt collection platform

ClearGrid, a UAE-based fintech, has raised $10 million in funding, including a $3.5 million pre-seed round and a $6.5 million seed round, with participation from notable investors. Founded in 2023, the company offers an AI-powered platform for automating debt collection, achieving profitability in its first year and significant improvements in borrower engagement and recovery rates. With the new funding, ClearGrid plans to enhance its AI systems and expand into the Saudi market by 2025.
MENA Digital News
United States Dollar ARE Anu Hariharan Justin Kan Mohammad Al Khalili Mohammed Ballout Ahmed Alenazi Khalid Bin Bader Amjad Masad Mashal Zaben Jason Gardner Ahmed Hamdan Show more
Business & Industry, Press Release
17:09 24.03.2025

cleargrid launches ai powered debt collection platform with 10 million funding

ClearGrid has launched with $10M in funding to modernize debt collection in the MENA region, addressing inefficiencies in a $500 billion consumer lending market. The AI-powered platform enhances borrower engagement and recovery rates, achieving profitability in the UAE within a year. Co-founders emphasize a compassionate, data-driven approach to transform collections into a bridge for financial stability.
Lucidity Insights
United States Dollar Credit Karma LLC Marqeta, Inc. ARE Anu Hariharan Justin Kan Bjorn Wagner Mohammed Ballout Mohammed Khalili Vinay Menda Ahmed Alenazi Amjad Masad Khalid Bin Bader Sultan Olayan Kenneth Lin Jason Gardner Mohammed Al Zaben Ahmed Hamdan Show more
Business & Industry, Press Release
04:12 20.03.2025
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