ClearGrid Emerges from Stealth with $10M to Transform Debt Collection in Emerging Markets Using AI

By James Dargan · 21 March 2025 · 1 min read

Dubai-based fintech ClearGrid has officially launched with $10 million in funding to modernize debt collection through AI-driven tools. Backed by Beco Capital, Nuwa Capital, and Raed Ventures, the company combines $3.5 million in pre-seed and $6.5 million in seed funding. Founded by Mohammad Al Zaben in 2023, ClearGrid replaces outdated, manual recovery practices with a platform that segments borrowers by behavior and restructures repayment plans without harassment.

Since launching in 2024, ClearGrid has signed 10 major financial institutions in the UAE, reporting recovery rate improvements of up to 50%. With strong early traction, ClearGrid plans to scale into Saudi Arabia and double its engineering team to expand its AI infrastructure.

Featured image: Credit: ClearGrid

About the author

James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

ClearGrid Emerges from Stealth with $10M to Transform Debt Collection in Emerging Markets Using AI

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