UAE’s Klaim raises $26 million Collection A to fast-track insurance coverage declare funds for healthcare suppliers 

UAE-based healthcare fintech startup Klaim has raised $26 million in funding, comprising $10 million in Collection A fairness funding and $16 million in debt financing, it introduced on Friday. The spherical was led by Saudi-based Mad’a Funding with participation from CDG Make investments, the funding arm of Morocco’s Deposit and Administration Fund.

Based in 2019 by Karim Dakki and Ghafoor Ahmad, Klaim addresses a important problem in healthcare finance by accelerating medical insurance coverage declare funds. In response to the corporate, whereas laws require claims to be paid inside 45 days after submission, the everyday cost cycle takes 60-90 days, with insurers taking as much as 120 days to pay 90% of submitted claims.

The Abu Dhabi-headquartered startup allows healthcare suppliers to entry funds inside 24 hours of declare submission, considerably bettering their money stream and operational capabilities.

With the contemporary capital, Klaim plans to broaden its operations throughout the MENA area, with a specific give attention to deepening its presence within the UAE and deploying capital in Saudi Arabia and Oman. The funding will even be used to reinforce its technological capabilities and set up new partnerships with monetary establishments, insurers, and healthcare suppliers.

Karim Dakki, co-founder and CEO of Klaim, described the Collection A funding as a “important inflection level” that may allow the corporate to scale quickly.

The startup’s Saudi enlargement comes by way of a collaboration with Tharawat Tuwaiq Monetary Firm, which has secured approval to launch a healthcare non-public closed-ended financing fund valued at $16 million (SAR 60 million). The primary transaction below this partnership is scheduled for this month, with extra funds anticipated within the second half of 2025.

“Klaim is now increasing its focus to enterprise healthcare methods, enabling bigger suppliers and hospital networks to entry funds inside 24 hours,” stated Ghafoor Ahmad, co-founder and international chief income officer at Klaim.

Presently working within the UAE and Saudi Arabia with workplaces in Dubai, Abu Dhabi, and Riyadh, Klaim goals to broaden throughout the whole GCC area within the close to future.

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