{"id":41674,"date":"2025-03-20T17:11:41","date_gmt":"2025-03-20T14:11:41","guid":{"rendered":"https:\/\/entarabi.com\/?p=41674"},"modified":"2025-03-20T17:25:14","modified_gmt":"2025-03-20T14:25:14","slug":"cleargrid-secures-10-million-to-transform-debt-collection-with-a","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/03\/cleargrid-secures-10-million-to-transform-debt-collection-with-a\/","title":{"rendered":"ClearGrid Secures $10 Million to Transform Debt Collection with A"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"25\" data-end=\"155\">UAE-based <strong>ClearGrid secures $10 million<\/strong> to revolutionize debt collection using AI, targeting banks, fintechs, and lenders.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"156\" data-end=\"278\">The company aims to 10x its revenue and managed accounts while expanding its engineering team in the next quarter.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"279\" data-end=\"389\" data-is-last-node=\"\">Backed by top investors like Beco Capital, Nuwa Capital, Raed Ventures, and prominent angel investors.<\/li>\n<\/ul>\n<p dir=\"ltr\" data-start=\"78\" data-end=\"399\">\nClearGrid, a UAE-based fintech startup, has secured <strong data-start=\"130\" data-end=\"156\">$10 million in funding<\/strong> to modernize debt collection using artificial intelligence. Founded in May 2023 by Mohammed Al-Zabin, the company helps banks, fintech firms, and lenders recover more debts without resorting to aggressive collection tactics.<\/p>\n<p dir=\"ltr\" data-start=\"401\" data-end=\"663\">With this new funding, ClearGrid aims to 10x its revenue and managed accounts, while also doubling its engineering team in the upcoming financial quarter to build what Al-Zabin calls &#8220;the ideal infrastructure for credit coordination in the region.&#8221;<\/p>\n<h2 dir=\"ltr\" data-start=\"670\" data-end=\"714\"><span style=\"font-size: 14pt;\"><strong data-start=\"674\" data-end=\"712\">The Need for AI in Debt Collection<\/strong><\/span><\/h2>\n<p dir=\"ltr\" data-start=\"716\" data-end=\"1021\">In emerging markets, <strong data-start=\"737\" data-end=\"776\">traditional debt collection methods<\/strong> are often outdated and inefficient, leading to high costs and poor borrower experiences. With <strong data-start=\"871\" data-end=\"899\">growing consumer lending<\/strong> and regulatory pressure for <strong data-start=\"928\" data-end=\"964\">fairer debt collection practices<\/strong>, legacy collection agencies are struggling to keep up.<\/p>\n<p dir=\"ltr\" data-start=\"1023\" data-end=\"1413\">ClearGrid aims to <strong data-start=\"1041\" data-end=\"1053\">redefine<\/strong> the industry by leveraging AI to <strong data-start=\"1087\" data-end=\"1140\">streamline and automate the debt recovery process<\/strong>. Backed by <strong data-start=\"1152\" data-end=\"1184\">$10 million in total funding<\/strong> (<strong data-start=\"1186\" data-end=\"1241\">$3.5 million pre-seed and $6.5 million seed funding<\/strong>), the Dubai-based startup integrates <strong data-start=\"1279\" data-end=\"1303\">AI-powered solutions<\/strong> that allow lenders to <strong data-start=\"1326\" data-end=\"1410\">recover debts more effectively while maintaining positive borrower relationships<\/strong>.<\/p>\n<h2 dir=\"ltr\" data-start=\"1420\" data-end=\"1448\"><span style=\"font-size: 14pt;\"><strong data-start=\"1424\" data-end=\"1446\">What is ClearGrid?<\/strong><\/span><\/h2>\n<p dir=\"ltr\" data-start=\"1450\" data-end=\"1568\">Founded in <strong data-start=\"1461\" data-end=\"1473\">May 2023<\/strong>, ClearGrid has quickly gained attention for its <strong data-start=\"1522\" data-end=\"1546\">tech-driven approach<\/strong> to debt collection.<\/p>\n<p dir=\"ltr\" data-start=\"1570\" data-end=\"1701\">Mohammed Al-Zabin, <strong data-start=\"1589\" data-end=\"1611\">co-founder and CEO<\/strong>, describes the startup as an <strong data-start=\"1641\" data-end=\"1698\">ambitious company tackling a massive market challenge<\/strong>.<\/p>\n<p dir=\"ltr\" data-start=\"1703\" data-end=\"2023\">Al-Zabin first encountered the <strong data-start=\"1734\" data-end=\"1767\">challenges of debt collection<\/strong> while running his previous startup <strong data-start=\"1803\" data-end=\"1815\">Munch On<\/strong>, which was acquired by <strong data-start=\"1839\" data-end=\"1857\">Careem in 2022<\/strong>. After his exit, he realized that <strong data-start=\"1892\" data-end=\"1920\">managing unpaid invoices<\/strong> was one of the biggest operational hurdles for businesses, particularly in consumer debt collection.<\/p>\n<blockquote dir=\"ltr\" data-start=\"2025\" data-end=\"2267\">\n<p data-start=\"2027\" data-end=\"2267\"><strong data-start=\"2027\" data-end=\"2221\">&#8220;When we spoke to debt collection agencies, it was clear that the sector was stuck in the past\u2014some agencies still rely on pen and paper, while the most advanced ones use basic CRM systems.&#8221;<\/strong><br data-start=\"2221\" data-end=\"2224\" \/>\u2013 <em data-start=\"2228\" data-end=\"2265\">Mohammed Al-Zabin, Co-founder &amp; CEO<\/em><\/p>\n<\/blockquote>\n<p dir=\"ltr\" data-start=\"2269\" data-end=\"2582\">Recognizing the <strong data-start=\"2285\" data-end=\"2307\">lack of innovation<\/strong> in debt collection, Al-Zabin partnered with <strong data-start=\"2352\" data-end=\"2379\">Khalid bin Badr Al Saud<\/strong> and <strong data-start=\"2384\" data-end=\"2407\">Mohammed Al-Khalili<\/strong> to launch ClearGrid. Despite having no prior experience in the debt recovery sector, the team saw an opportunity to <strong data-start=\"2524\" data-end=\"2580\">bring AI-powered automation to an outdated industry.<\/strong><\/p>\n<h2 dir=\"ltr\" data-start=\"2589\" data-end=\"2618\"><span style=\"font-size: 14pt;\"><strong data-start=\"2593\" data-end=\"2616\">How ClearGrid Works<\/strong><\/span><\/h2>\n<p dir=\"ltr\" data-start=\"2620\" data-end=\"2867\">ClearGrid acts as a <strong data-start=\"2640\" data-end=\"2680\">bridge between lenders and borrowers<\/strong>, using <strong data-start=\"2688\" data-end=\"2712\">AI-driven automation<\/strong> to improve debt recovery. Lenders integrate with ClearGrid\u2019s <strong data-start=\"2774\" data-end=\"2793\">platform or API<\/strong>, allowing them to send borrower accounts for <strong data-start=\"2839\" data-end=\"2864\">AI-powered processing<\/strong>.<\/p>\n<p dir=\"ltr\" data-start=\"2869\" data-end=\"3047\">The company\u2019s <strong data-start=\"2883\" data-end=\"2908\">proprietary AI models<\/strong> analyze <strong data-start=\"2917\" data-end=\"2944\">repayment probabilities<\/strong>, predict <strong data-start=\"2954\" data-end=\"2975\">borrower behavior<\/strong>, and optimize <strong data-start=\"2990\" data-end=\"3018\">communication strategies<\/strong> through multiple channels.<\/p>\n<p dir=\"ltr\" data-start=\"3049\" data-end=\"3222\">This approach helps lenders <strong data-start=\"3077\" data-end=\"3174\">recover debts more efficiently while ensuring compliance with consumer protection regulations<\/strong> in markets like <strong data-start=\"3191\" data-end=\"3219\">Saudi Arabia and the UAE<\/strong>.<\/p>\n<h2 dir=\"ltr\" data-start=\"3229\" data-end=\"3273\"><span style=\"font-size: 14pt;\"><strong data-start=\"3233\" data-end=\"3271\">Expansion Plans &amp; Investor Support<\/strong><\/span><\/h2>\n<p dir=\"ltr\" data-start=\"3275\" data-end=\"3326\">With its latest funding round, ClearGrid aims to:<\/p>\n<ul dir=\"ltr\" data-start=\"3327\" data-end=\"3550\">\n<li data-start=\"3327\" data-end=\"3432\"><strong data-start=\"3329\" data-end=\"3369\">10x its revenue and managed accounts<\/strong>, currently handling <strong data-start=\"3390\" data-end=\"3429\">130,000 borrower accounts per month<\/strong>.<\/li>\n<li data-start=\"3433\" data-end=\"3550\"><strong data-start=\"3435\" data-end=\"3466\">Double its engineering team<\/strong> to build a <strong data-start=\"3478\" data-end=\"3532\">next-generation credit coordination infrastructure<\/strong> for the region.<\/li>\n<\/ul>\n<p dir=\"ltr\" data-start=\"3552\" data-end=\"3644\">ClearGrid\u2019s investors include <strong data-start=\"3582\" data-end=\"3633\">top Middle East &amp; North Africa-focused VC firms<\/strong> such as:<\/p>\n<ul dir=\"ltr\" data-start=\"3645\" data-end=\"3708\">\n<li data-start=\"3645\" data-end=\"3665\"><strong data-start=\"3647\" data-end=\"3663\">Beco Capital<\/strong><\/li>\n<li data-start=\"3666\" data-end=\"3686\"><strong data-start=\"3668\" data-end=\"3684\">Nuwa Capital<\/strong><\/li>\n<li data-start=\"3687\" data-end=\"3708\"><strong data-start=\"3689\" data-end=\"3706\">Raed Ventures<\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\" data-start=\"3710\" data-end=\"3782\">Additionally, notable <strong data-start=\"3732\" data-end=\"3751\">angel investors<\/strong> backing the company include:<\/p>\n<ul dir=\"ltr\" data-start=\"3783\" data-end=\"3944\">\n<li data-start=\"3783\" data-end=\"3827\"><strong data-start=\"3785\" data-end=\"3802\">Anu Hariharan<\/strong> (ex-YC &amp; Avra founder)<\/li>\n<li data-start=\"3828\" data-end=\"3863\"><strong data-start=\"3830\" data-end=\"3845\">Amjad Masad<\/strong> (CEO of Replit)<\/li>\n<li data-start=\"3864\" data-end=\"3902\"><strong data-start=\"3866\" data-end=\"3883\">Jason Gardner<\/strong> (CEO of Marqeta)<\/li>\n<li data-start=\"3903\" data-end=\"3944\"><strong data-start=\"3905\" data-end=\"3919\">Justin Kan<\/strong> (Co-founder of Twitch)<\/li>\n<\/ul>\n<p dir=\"ltr\" data-start=\"3946\" data-end=\"4134\" data-is-last-node=\"\" data-is-only-node=\"\">This investment further validates ClearGrid\u2019s mission to <strong data-start=\"4003\" data-end=\"4043\">modernize debt collection through AI<\/strong>, making the process more <strong data-start=\"4069\" data-end=\"4102\">efficient, fair, and scalable<\/strong> for both lenders and borrowers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UAE-based ClearGrid secures $10 million to revolutionize debt collection using AI, targeting banks, fintechs, and lenders. The company aims to 10x its revenue and managed accounts while expanding its engineering team in the next quarter. Backed by top investors like Beco Capital, Nuwa Capital, Raed Ventures, and prominent angel investors. ClearGrid, a UAE-based fintech startup, [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":41670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[6283,6835,4298],"class_list":["post-41674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-beco-capital-en","tag-nuwa-capital-en","tag-raed-ventures"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/41674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=41674"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/41674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/41670"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=41674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=41674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=41674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}