ClearGrid has launched with $10 million in funding to build “the modern debt collection infrastructure for the digital age.”
The funding comes across two rounds, with the pre-seed round co-led by Raed Ventures and Beco Capital. The seed round was co-led by Nuwa Capital and Raed Ventures. Additional institutional investors include Aramco’s Waed Ventures, KBW Ventures, Sharaka, 9yards Capital, Protagonist, BYLD, Eirad Holdings, Endeavor Catalyst, and Wamda Capital. Angel investors include Anu Hariharan (Avra), Jason Gardner (Marqeta), Bjorn Wagner (Parity Technologies), Amjad Masad (Replit), Vinay Menda (Blank Street), Justin Kan (Twitch), Mohammed Ballout (Kitopi), Sultan Olayan, Ahmed Alenazi (Barq), and Ahmed Hamdan (Unifonic).
“Collections should be an extension of good lending—not an afterthought,” said ClearGrid co-founder and CEO Mohammad Al Zaben. “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.”
ClearGrid offers an AI-powered collections platform that automates the recovery process – from borrower engagement to negotiations – helping lenders scale while providing a better borrower experience. By combining AI, self-service tools, and omni-channel outreach, ClearGrid said it reduces resolution times and increases recovery rates.
“Financial systems must evolve with the digital world,” added ClearGrid KSA co-founder and chairman Khalid Bin Bader Al Saud. “Debt resolution should be a bridge to stability, not a roadblock. At ClearGrid, we’re redefining collections with a data-driven, technology-first approach that strengthens trust, ensuring credit fuels growth, not distress. This is just the first step in building the infrastructure for the future of debt resolution.”
“ClearGrid is tackling a critical pain point in the MENA debt collection industry with a truly innovative approach,” said Raed Ventures founding partner Omar Majdouie. “Their AI-powered platform not only drives significant operational efficiencies for lenders but also fosters a more positive and sustainable relationship with borrowers. This balance is essential for the healthy growth of the region’s digital lending landscape, and we’re excited to support their mission to modernize collections and drive financial inclusion across the region.”