Close Menu
World Forbes – Business, Tech, AI & Global Insights
  • Home
  • AI
  • Billionaires
  • Business
  • Cybersecurity
  • Education
    • Innovation
  • Money
  • Small Business
  • Sports
  • Trump
What's Hot

KatRisk acquires Gamma to enhance property-level risk analytics and catastrophe modelling

May 13, 2025

Fastmarkets launches new carbon intelligence products to support global decarbonisation

May 13, 2025

Marks & Spencer Says Data Stolen in Ransomware Attack

May 13, 2025
Facebook X (Twitter) Instagram
Trending
  • KatRisk acquires Gamma to enhance property-level risk analytics and catastrophe modelling
  • Fastmarkets launches new carbon intelligence products to support global decarbonisation
  • Marks & Spencer Says Data Stolen in Ransomware Attack
  • Shoaib Malik steps down as Domestic Cricket Mentor with ‘love and gratitude’ – Sport
  • Output Messenger Zero-Day Exploited by Turkish Hackers for Iraq Spying 
  • Suspected DoppelPaymer Ransomware Group Member Arrested
  • Trump offers to join Russia-Ukraine direct peace talks in Istanbul | Russia-Ukraine war News
  • How AI is reshaping EV financing as global electric vehicle growth slows
World Forbes – Business, Tech, AI & Global InsightsWorld Forbes – Business, Tech, AI & Global Insights
Tuesday, May 13
  • Home
  • AI
  • Billionaires
  • Business
  • Cybersecurity
  • Education
    • Innovation
  • Money
  • Small Business
  • Sports
  • Trump
World Forbes – Business, Tech, AI & Global Insights
Home » FinTech startup ClearGrid raises $10m to modernise debt collection with AI-powered platform
Tech

FinTech startup ClearGrid raises $10m to modernise debt collection with AI-powered platform

adminBy adminMarch 20, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email
Post Views: 18


ClearGrid, a FinTech firm specialising in AI-driven debt collection, has emerged from stealth with $10m in funding to modernise debt resolution in the MENA region.

The company aims to address inefficiencies in traditional collection practices by replacing outdated, aggressive tactics with an AI-powered, data-driven approach that benefits both lenders and borrowers.

The $10m funding was secured across two rounds. The pre-seed round was co-led by Raed Ventures and Beco Capital, while the seed round was co-led by Nuwa Capital and Raed Ventures. Other institutional investors include Aramco’s Waed Ventures, KBW Ventures, Sharaka, 9yards Capital, Protagonist, BYLD, Eirad Holdings, Endeavor Catalyst, and Wamda Capital.

The round also saw participation from notable angel investors, including Anu Hariharan (Avra), Jason Gardner (Marqeta), Bjorn Wagner (Parity Technologies), Amjad Masad (Replit), Vinay Menda (Blank Street), Justin Kan (Twitch), and several founders from the US and MENA.

Founded by Khalid Bin Bader Al Saud, Mohammad Al Zaben, and Mohammad Al Khalili, ClearGrid was created to tackle what they see as a fundamental information and coordination problem in debt collection. By leveraging AI and automation, the platform streamlines the recovery process, offering lenders increased efficiency and improving borrower engagement.

ClearGrid CEO Mohammad Al Zaben said, “Collections should be an extension of good lending—not an afterthought. 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 KSA chairman Khalid Bin Bader Al Saud added, “Financial systems must evolve with the digital world. 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.”

Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global

Investors

The following investor(s) were tagged in this article.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

KatRisk acquires Gamma to enhance property-level risk analytics and catastrophe modelling

May 13, 2025

Fastmarkets launches new carbon intelligence products to support global decarbonisation

May 13, 2025

How AI is reshaping EV financing as global electric vehicle growth slows

May 13, 2025

$477.6m raised on solid week of FinTech funding

May 13, 2025

Equifax launches mobile app to help consumers track credit scores and improve financial health

May 12, 2025

Creditspring teams up with Doshi to boost UK borrowers’ financial literacy

May 12, 2025
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
Billionaires

Skechers’ Greenbergs Set To Pocket Up To $1.1 Billion From Sale To 3G

May 6, 2025

Skechers founders Robert Greenberg (left) and Michael Greenberg (right) started the brand more than 30…

Trump Organization Admits President Still Controls His Business

May 6, 2025

Forbes Richest Person In Every State 2025

April 30, 2025

These Billionaire Signers Of The Giving Pledge Signers On Why The Philanthropy Group Still Matters

April 29, 2025
Our Picks

KatRisk acquires Gamma to enhance property-level risk analytics and catastrophe modelling

May 13, 2025

Fastmarkets launches new carbon intelligence products to support global decarbonisation

May 13, 2025

Marks & Spencer Says Data Stolen in Ransomware Attack

May 13, 2025

Shoaib Malik steps down as Domestic Cricket Mentor with ‘love and gratitude’ – Sport

May 13, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to World-Forbes.com
At World-Forbes.com, we bring you the latest insights, trends, and analysis across various industries, empowering our readers with valuable knowledge. Our platform is dedicated to covering a wide range of topics, including sports, small business, business, technology, AI, cybersecurity, and lifestyle.

Our Picks

Anthropic co-founder Jared Kaplan is coming to TechCrunch Sessions: AI

May 13, 2025

Improvements in ‘reasoning’ AI models may slow down soon, analysis finds

May 12, 2025

AllTrails debuts $80/year membership that includes AI-powered smart routes

May 12, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
© 2025 world-forbes. Designed by world-forbes.

Type above and press Enter to search. Press Esc to cancel.