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 Founded by Mohammad Al Zaben in 2023, ClearGrid replaces outdated, manual recovery practices with a platform that segments borrowers by behavior and restructures repayment plans without harassment.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
