Dubai - Sharikat Mubasher: ClearGrid, a UAE-based fintech company specializing in debt collection, announced its launch from stealth with $10 million in funding to build the first modern infrastructure and reinforce the financial foundation of the Middle East and North Africa (MENA) region.

The funding came across two rounds: a $3.5 million pre-seed round co-led by Raed Ventures and Beco Capital, and a $6.5 million seed round co-led by Nuwa Capital and Raed Ventures, as the company announced in a press release today.

Several institutional investors including Aramco's Waed Ventures, KBW Ventures, Sharaka, 9yards Capital, Protagonist, BYLD, Eirad Holdings, Endeavor, and Wamda, as well as angel investors, participated in the rounds.

Launched in 2024, ClearGrid managed hundreds of millions in debt portfolios and secured partnerships with the largest fintech players in the Middle East and leading MENA banks. It signed over 10 major enterprise clients and built a robust pipeline for 2025, which includes expanding revenue in the UAE and entering the Saudi market.

Mohammed Al Zaben, Co-founder and CEO of ClearGrid, said: “At 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.”

For his part, Khalid Al Saud, Co-Founder and Chairman of ClearGrid KSA, affirmed the company’s commitment to redefining collections with a data-driven, technology-first approach that strengthens trust.

ClearGrid plans to build cutting-edge collections systems leveraging AI and machine learning, develop a comprehensive SaaS platform for early risk detection and credit orchestration, and unlock new revenue streams through alternative risk scoring, AI-powered borrower engagement, and debt consolidation. 

This ambitious strategy positions ClearGrid as a collections solution and a foundation for a more transparent, efficient financial system across MENA and beyond.