Klaim, a Dubai-based healthcare payment acceleration company, has secured US$ 10 million in Series A equity funding along with an additional US$ 16 million in financing to support its regional expansion and improve cash flow access for medical providers.
The investment will help the company accelerate medical insurance claim payments in the MENA region.
Founded in 2019, Klaim provides a payment platform for the healthcare sector, using AI and data analytics to predict insurance payment behaviours and streamline claims processing.
With the new funding, the company plans to expand further in the UAE and enter markets such as Saudi Arabia and Oman while refining its technology.
In 2023, Klaim partnered with Saudi Arabia-based Tharawat Tuwaiq Financial Company, a financial advisory firm licensed by the Saudi Capital Market Authority (CMA), to launch a private closed-ended healthcare financing fund.
The fund, valued at SAR 60 million (approximately US$ 16 million), aims to improve working capital solutions for healthcare providers.
The first transaction under this initiative is scheduled for March 2025, with additional funds expected to be introduced in the second half of the year.
“We’re excited to achieve this milestone in our journey. Securing Series A funding is not only a major validation of our vision and business model but also the critical inflection point that enables us to scale rapidly,”
said Karim Dakki, Co-Founder and CEO of Klaim.
In 2021, Klaim fetched US $1.6 million in a pre-Series A funding round led by Mad’a Investments, a private equity firm in Saudi Arabia.
Featured image credit: edited from Klaim
